Lake Street Capital Boosts Polaris Industries Inc. (PII) Price Target to $106.00
Polaris Industries Inc. (NYSE:PII) had its target price boosted by stock analysts at Lake Street Capital from $102.00 to $106.00 in a research note issued on Friday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s price target points to a potential upside of 12.37% from the stock’s current price.
Several other equities analysts also recently commented on the stock. B. Riley reiterated 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 upped their price target for the company from $88.00 to $96.00 in a report on Friday. Royal Bank Of Canada downgraded shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 price target on the stock. in a report on Friday. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a report on Wednesday. Finally, Stifel Nicolaus upped their price target on shares of Polaris Industries from $82.00 to $86.00 and gave the company a “hold” rating in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $86.80.
Polaris Industries (PII) traded down 2.18% during mid-day trading on Friday, reaching $94.33. 1,167,028 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $89.13 and its 200 day moving average price is $86.39. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 37.43 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 recipient of unusually large options trading activity on Wednesday. Traders acquired 9,865 put options on the company. This represents an increase of 646% compared to the typical daily volume of 1,322 put options.
Polaris Industries (NYSE:PII) last posted its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm posted $1.09 EPS. The business’s quarterly revenue was up 20.7% on a year-over-year basis. On average, equities analysts forecast that Polaris Industries will post $4.44 EPS for the current year.
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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 price of $92.27 per share, for a total transaction of $110,724.00. Following the purchase, the director now directly owns 1,200 shares in the company, valued at approximately $110,724. The purchase 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 business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total transaction of $226,096.00. Following the transaction, the insider now 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. 2.20% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Polaris Industries by 3,542.9% in the first quarter. BlackRock Inc. now owns 5,359,600 shares of the company’s stock valued at $449,135,000 after buying an additional 5,212,474 shares during the period. Vanguard Group Inc. raised its position in Polaris Industries by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,304,020 shares of the company’s stock valued at $444,478,000 after buying an additional 184,995 shares during the period. Wells Fargo & Company MN raised its position in Polaris Industries by 3.3% in the first quarter. Wells Fargo & Company MN now owns 3,492,115 shares of the company’s stock valued at $292,639,000 after buying an additional 111,872 shares during the period. Janus Capital Management LLC raised its position in Polaris Industries by 36.6% in the first quarter. Janus Capital Management LLC now owns 2,344,287 shares of the company’s stock valued at $196,447,000 after buying an additional 627,535 shares during the period. Finally, Kiltearn Partners LLP raised its position in Polaris Industries by 356.1% in the first quarter. Kiltearn Partners LLP now owns 1,741,176 shares of the company’s stock valued at $145,911,000 after buying an additional 1,359,430 shares during the period. Hedge funds and other institutional investors own 93.85% of the company’s stock.
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.
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