Polaris Industries Inc. (NYSE:PII) Raised to B- at TheStreet
Polaris Industries Inc. (NYSE:PII) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued on Thursday.
Several other equities research analysts have also weighed in on the stock. Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a research note on Monday, March 27th. BMO Capital Markets reiterated a “buy” rating and set a $100.00 price objective on shares of Polaris Industries in a research note on Thursday, April 27th. Zacks Investment Research upgraded shares of Polaris Industries from a “strong sell” rating to a “hold” rating in a research note on Saturday, April 15th. Wedbush reiterated a “neutral” rating and set a $75.00 price objective on shares of Polaris Industries in a research note on Tuesday, June 6th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $79.00 price objective on shares of Polaris Industries in a research note on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $86.80.
Polaris Industries (NYSE PII) traded down 2.18% during trading on Thursday, hitting $94.33. The company had a trading volume of 1,167,028 shares. Polaris Industries has a 12 month low of $70.14 and a 12 month high of $99.16. The company’s 50 day moving average price is $89.13 and its 200-day moving average price is $86.39. The company has a market cap of $5.93 billion, a PE ratio of 39.45 and a beta of 1.32.
Polaris Industries (NYSE:PII) last issued its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 EPS. Equities analysts expect that Polaris Industries will post $4.44 earnings per share for the current year.
In other news, Director Gwenne A. Henricks acquired 1,200 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average price of $92.27 per share, with a total value of $110,724.00. Following the purchase, the director now owns 1,200 shares of the company’s stock, valued at approximately $110,724. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew J. Homan sold 2,600 shares of the firm’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 completion of the transaction, the insider now directly 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. Company insiders own 2.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Gulf International Bank UK Ltd raised 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 in the last quarter. GW&K Investment Management LLC purchased a new position in Polaris Industries during the first quarter worth approximately $11,529,000. Sheets Smith Wealth Management bought a new stake in Polaris Industries during the first quarter worth about $204,000. Raymond James Trust N.A. increased its stake 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 last quarter. Finally, Confluence Investment Management LLC increased its stake 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 last quarter. 93.85% of the stock is owned by hedge funds and other institutional investors.
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.