Polaris Industries Inc. (NYSE:PII) was the recipient of unusually large options trading on Wednesday. Investors bought 9,865 put options on the stock. This is an increase of approximately 646% compared to the average volume of 1,322 put options.

Several equities research analysts recently commented on the company. B. Riley reissued a “neutral” rating and set a $84.00 target price on shares of Polaris Industries in a report on Wednesday, April 26th. Stifel Nicolaus lifted their price target on shares of Polaris Industries from $82.00 to $86.00 and gave the stock a “hold” rating in a research report on Friday, July 14th. Robert W. Baird lowered shares of Polaris Industries from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $88.00 to $96.00 in a research report on Friday. Royal Bank Of Canada lowered 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 research report on Friday. Finally, Lake Street Capital lifted their price target on shares of Polaris Industries from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $86.80.

In related news, 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 sale, the insider now owns 20,871 shares of the company’s stock, valued at $1,814,942.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael T. Speetzen sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $84.07, for a total value of $420,350.00. Following the sale, the executive vice president now directly owns 10,333 shares in the company, valued at approximately $868,695.31. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BB&T Corp increased its position in shares of Polaris Industries by 2.3% in the second quarter. BB&T Corp now owns 86,182 shares of the company’s stock worth $7,948,000 after buying an additional 1,931 shares during the period. Sheets Smith Wealth Management increased its position in shares of Polaris Industries by 0.6% in the second quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock worth $226,000 after buying an additional 14 shares during the period. State Treasurer State of Michigan increased its position in shares of Polaris Industries by 1.3% in the second quarter. State Treasurer State of Michigan now owns 24,100 shares of the company’s stock worth $2,223,000 after buying an additional 300 shares during the period. BTIM Corp. increased its position in shares of Polaris Industries by 3.1% in the second quarter. BTIM Corp. now owns 62,470 shares of the company’s stock worth $5,761,000 after buying an additional 1,870 shares during the period. Finally, Aperio Group LLC increased its position in shares of Polaris Industries by 6.8% in the second quarter. Aperio Group LLC now owns 17,412 shares of the company’s stock worth $1,606,000 after buying an additional 1,102 shares during the period. 93.85% of the stock is owned by institutional investors.

Polaris Industries (NYSE PII) opened at 94.33 on Friday. 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 52-week low of $70.14 and a 52-week high of $99.16. The firm’s 50-day moving average is $89.13 and its 200-day moving average is $86.39.

Polaris Industries (NYSE:PII) last released its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Polaris Industries had a net margin of 3.48% and a return on equity of 25.64%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. Analysts forecast that Polaris Industries will post $4.44 EPS for the current fiscal year.

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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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