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Shares of Polaris Industries (NYSE:PII) hit a new 52-week high on Tuesday, American Banking and Market News reports. The company traded as high as $121.20 and last traded at $121.20, with a volume of 890,276 shares trading hands. The stock had previously closed at $114.73.

A number of research firms have recently commented on PII. Analysts at Feltl & Co. raised their price target on shares of Polaris Industries (NYSE:PII) from $122.00 to $130.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Separately, analysts at Longbow Research upgraded shares of Polaris Industries (NYSE:PII) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, August 2nd. They now have a $138.00 price target on the stock. Finally, analysts at Wedbush raised their price target on shares of Polaris Industries (NYSE:PII) from $125.00 to $134.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock.

Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Polaris Industries currently has a consensus rating of “Buy” and an average price target of $110.20.

In other Polaris Industries news, VP Suresh Krishna sold 1,704 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $109.95, for a total value of $187,354.80. Following the sale, the vice president now directly owns 27,263 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Polaris Industries has a one year low of $78.50 and a one year high of $116.65. The stock’s 50-day moving average is $112.0 and its 200-day moving average is $96.41. The company has a market cap of $8.339 billion and a P/E ratio of 24.05.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.11 by $0.02. The company had revenue of $844.80 million for the quarter, compared to the consensus estimate of $838.75 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. On average, analysts predict that Polaris Industries will post $5.33 earnings per share for the current fiscal year.

Polaris Industries Inc (NYSE:PII) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, and on-road vehicles, including motorcycles and small electric vehicles (SEV), together with the related replacement parts, garments and accessories (PG&A).

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