Polaris Industries (NYSE:PII)‘s stock had its “neutral” rating reissued by equities research analysts at Wedbush in a research report issued to clients and investors on Wednesday. They presently have a $119.00 price target on the stock, up from their prior price target of $112.00. Wedbush’s target price suggests a potential downside of 7.94% from the company’s current price.
PII has been the topic of a number of other reports. Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Friday, September 29th. KeyCorp restated a “hold” rating on shares of Polaris Industries in a research note on Wednesday, October 4th. Royal Bank of Canada restated a “sell” rating and issued a $81.00 price target on shares of Polaris Industries in a research note on Friday, October 13th. Northcoast Research restated a “neutral” rating on shares of Polaris Industries in a research note on Friday, October 6th. Finally, BMO Capital Markets cut Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $102.20.
Shares of Polaris Industries (NYSE:PII) traded up $0.91 on Wednesday, reaching $129.27. The company’s stock had a trading volume of 467,100 shares, compared to its average volume of 552,300. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 1.00. Polaris Industries has a 1-year low of $77.91 and a 1-year high of $134.66. The stock has a market cap of $8,080.00, a P/E ratio of 40.65, a price-to-earnings-growth ratio of 1.51 and a beta of 1.40.
Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.22 by $0.24. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business posted $0.50 EPS. equities analysts expect that Polaris Industries will post 4.85 earnings per share for the current fiscal year.
In related news, insider Michael D. Dougherty sold 8,000 shares of Polaris Industries stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $122.23, for a total value of $977,840.00. Following the completion of the transaction, the insider now owns 13,113 shares in the company, valued at $1,602,801.99. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Stacy L. Bogart sold 20,000 shares of Polaris Industries stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $122.05, for a total value of $2,441,000.00. Following the completion of the transaction, the senior vice president now owns 30,975 shares of the company’s stock, valued at approximately $3,780,498.75. The disclosure for this sale can be found here. Insiders sold 58,102 shares of company stock worth $7,174,301 over the last ninety days. Insiders own 2.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Polaris Industries by 6.1% in the second quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock worth $519,037,000 after acquiring an additional 323,616 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Polaris Industries by 12.2% in the second quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $484,822,000 after acquiring an additional 572,461 shares in the last quarter. State Street Corp boosted its position in shares of Polaris Industries by 3.8% during the second quarter. State Street Corp now owns 4,377,894 shares of the company’s stock valued at $403,763,000 after buying an additional 161,055 shares during the period. Wells Fargo & Company MN boosted its position in shares of Polaris Industries by 0.4% during the second quarter. Wells Fargo & Company MN now owns 3,504,980 shares of the company’s stock valued at $323,265,000 after buying an additional 12,865 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Polaris Industries by 6.2% during the third quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock valued at $267,832,000 after buying an additional 148,734 shares during the period. Institutional investors own 90.90% 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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