Polaris Industries Inc. (NYSE:PII)‘s stock had its “hold” rating reaffirmed by Stifel Nicolaus in a research report issued on Thursday, September 7th. They presently have a $87.00 price objective on the stock. Stifel Nicolaus’ target price suggests a potential downside of 17.82% from the company’s current price.
A number of other research firms also recently issued reports on PII. Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a research note on Tuesday, September 5th. KeyCorp reiterated a “sector weight” rating on shares of Polaris Industries in a research note on Thursday, August 31st. Royal Bank Of Canada reissued a “hold” rating and set a $79.00 target price on shares of Polaris Industries in a research report on Friday, June 9th. B. Riley reissued a “neutral” rating and set a $91.00 target price on shares of Polaris Industries in a research report on Friday, July 21st. Finally, Zacks Investment Research cut shares of Polaris Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $89.31.
Shares of Polaris Industries (PII) traded down 0.36% during mid-day trading on Thursday, reaching $105.87. The company’s stock had a trading volume of 1,775,131 shares. The firm has a 50 day moving average price of $93.26 and a 200 day moving average price of $88.38. Polaris Industries has a 52-week low of $71.08 and a 52-week high of $108.03. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 44.28 and a beta of 1.30.
Polaris Industries (NYSE:PII) last issued its earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm earned $1.09 EPS. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities analysts predict that Polaris Industries will post $4.48 EPS for the current fiscal year.
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In other news, CEO Scott W. Wine purchased 1,293 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average price of $88.81 per share, for a total transaction of $114,831.33. Following the completion of the transaction, the chief executive officer now owns 317,000 shares in the company, valued at $28,152,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James P. Williams sold 5,250 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $93.24, for a total transaction of $489,510.00. Following the sale, the senior vice president now owns 19,914 shares in the company, valued at approximately $1,856,781.36. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in PII. Macquarie Group Ltd. grew its position in shares of Polaris Industries by 150.0% in the fourth quarter. Macquarie Group Ltd. now owns 3,500 shares of the company’s stock valued at $288,000 after purchasing an additional 2,100 shares during the period. Bank of Montreal Can grew its position in shares of Polaris Industries by 0.7% in the first quarter. Bank of Montreal Can now owns 22,290 shares of the company’s stock valued at $1,869,000 after purchasing an additional 154 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Polaris Industries by 149.9% in the first quarter. Janney Montgomery Scott LLC now owns 7,486 shares of the company’s stock valued at $627,000 after purchasing an additional 4,491 shares during the period. DUPONT CAPITAL MANAGEMENT Corp lifted its stake in shares of Polaris Industries by 15.3% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 6,754 shares of the company’s stock worth $566,000 after buying an additional 895 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Polaris Industries by 63.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,710 shares of the company’s stock worth $562,000 after buying an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.
Polaris Industries Company Profile
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use; Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, including Work and Transportation and military vehicles.
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