Several other analysts have also recently issued reports on PII. Northcoast Research restated a “hold” rating on shares of Polaris Industries in a report on Monday, March 27th. Zacks Investment Research raised Polaris Industries from a “strong sell” rating to a “hold” rating in a research note on Saturday, April 15th. B. Riley reaffirmed a “neutral” rating and issued a $82.00 price target on shares of Polaris Industries in a research note on Friday, April 21st. BMO Capital Markets reaffirmed a “buy” rating and issued a $100.00 price target on shares of Polaris Industries in a research note on Thursday, April 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $82.00 target price (up previously from $81.00) on shares of Polaris Industries in a research note on Saturday, April 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $86.87.
Polaris Industries Inc. (NYSE:PII) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Saturday, July 8th.
Polaris Industries (NYSE:PII) traded up 0.59% on Friday, hitting $90.88. 696,113 shares of the company were exchanged. The stock has a market capitalization of $5.69 billion, a P/E ratio of 38.01 and a beta of 1.31. The company has a 50 day moving average price of $90.36 and a 200-day moving average price of $86.78. Polaris Industries has a 52 week low of $70.14 and a 52 week high of $99.16.
Polaris Industries (NYSE:PII) last issued its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 EPS. On average, equities analysts expect that Polaris Industries will post $4.47 earnings per share for the current fiscal year.
In other news, Director Gwenne A. Henricks acquired 1,200 shares of Polaris Industries stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average cost of $92.27 per share, with a total value of $110,724.00. Following the completion of the acquisition, the director now owns 1,200 shares in the company, valued at approximately $110,724. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew J. Homan sold 2,600 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total value of $226,096.00. Following the transaction, the insider now directly owns 20,871 shares of the company’s stock, valued at approximately $1,814,942.16. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Trust Co. of Vermont increased its stake in shares of Polaris Industries by 132.0% in the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock worth $109,000 after buying an additional 673 shares in the last quarter. Ffcm LLC increased its stake in shares of Polaris Industries by 4.3% in the first quarter. Ffcm LLC now owns 1,330 shares of the company’s stock worth $112,000 after buying an additional 55 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Polaris Industries by 1.0% in the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after buying an additional 13 shares in the last quarter. NEXT Financial Group Inc increased its stake in Polaris Industries by 1,315.0% in the first quarter. NEXT Financial Group Inc now owns 1,415 shares of the company’s stock worth $121,000 after buying an additional 1,315 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Polaris Industries by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,627 shares of the company’s stock worth $127,000 after buying an additional 70 shares during the period. 93.97% of the stock is owned by institutional investors and hedge funds.
About Polaris Industries
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.