Polaris Industries Inc. (NYSE:PII) was downgraded by equities researchers at Royal Bank Of Canada from a “sector perform” rating to an “underperform” rating in a note issued to investors on Friday. They currently have a $80.00 target price on the stock. Royal Bank Of Canada’s price target would suggest a potential downside of 17.04% from the company’s previous close.
Several other brokerages also recently weighed in on PII. B. Riley reaffirmed a “neutral” rating and set a $91.00 price target on shares of Polaris Industries in a report on Friday. Robert W. Baird downgraded shares of Polaris Industries from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $88.00 to $96.00 in a report on Friday. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Wednesday. Stifel Nicolaus boosted their target price on shares of Polaris Industries from $82.00 to $86.00 and gave the stock a “hold” rating in a report on Friday, July 14th. Finally, BidaskClub raised shares of Polaris Industries from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $86.00.
Polaris Industries (NYSE:PII) opened at 96.43 on Friday. The stock has a 50 day moving average of $89.13 and a 200-day moving average of $86.39. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 38.27 and a beta of 1.32. Polaris Industries has a one year low of $70.14 and a one year high of $99.16. Polaris Industries also was the target of some unusual options trading activity on Wednesday. Stock investors acquired 9,865 put options on the stock. This is an increase of approximately 646% compared to the average volume of 1,322 put options.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.48% and a return on equity of 25.64%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities analysts predict that Polaris Industries will post $4.44 EPS for the current fiscal year.
In other Polaris Industries news, EVP Michael T. Speetzen sold 5,000 shares of the business’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $84.07, for a total transaction of $420,350.00. Following the transaction, the executive vice president now owns 10,333 shares in the company, valued at $868,695.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gwenne A. Henricks acquired 1,200 shares of the business’s stock in a transaction on Friday, May 12th. The shares were purchased at an average price of $92.27 per share, for a total transaction of $110,724.00. Following the transaction, the director now directly owns 1,200 shares of the company’s stock, valued at $110,724. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gulf International Bank UK Ltd boosted its position in Polaris Industries by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 18,473 shares of the company’s stock worth $1,548,000 after buying an additional 200 shares during the period. GW&K Investment Management LLC purchased a new position in Polaris Industries during the first quarter worth $11,529,000. Sheets Smith Wealth Management purchased a new position in Polaris Industries during the first quarter worth $204,000. Raymond James Trust N.A. boosted its position in Polaris Industries by 25.7% in the first quarter. Raymond James Trust N.A. now owns 7,080 shares of the company’s stock worth $593,000 after buying an additional 1,447 shares during the period. Finally, Confluence Investment Management LLC boosted its position in Polaris Industries by 444.9% in the first quarter. Confluence Investment Management LLC now owns 730,568 shares of the company’s stock worth $61,222,000 after buying an additional 596,497 shares during the period. Institutional investors and hedge funds own 93.85% 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.
Receive News & Ratings for Polaris Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
