Polaris Industries’ (NYSE:PII) Neutral Rating Reiterated at B. Riley
Polaris Industries Inc. (NYSE:PII)‘s stock had its “neutral” rating restated by analysts at B. Riley in a note issued to investors on Friday. They presently have a $91.00 price objective on the stock. B. Riley’s target price would indicate a potential downside of 3.53% from the company’s previous close.
Several other brokerages have also weighed in on PII. Zacks Investment Research upgraded shares of Polaris Industries from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 15th. Royal Bank Of Canada reiterated a “hold” rating and set a $79.00 target price on shares of Polaris Industries in a research report on Friday, June 9th. Longbow Research reiterated an “underperform” rating and set a $60.00 target price on shares of Polaris Industries in a research report on Monday, July 17th. BidaskClub upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $82.00 target price (up from $81.00) on shares of Polaris Industries in a research report on Saturday, April 29th. Two 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 company’s stock. The company has an average rating of “Hold” and a consensus price target of $86.80.
Shares of Polaris Industries (NYSE PII) opened at 94.33 on Friday. The company’s 50-day moving average is $89.13 and its 200 day moving average is $86.39. Polaris Industries has a 1-year low of $70.14 and a 1-year high of $99.16. 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 (NYSE:PII) last issued its 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 3.13% and a return on equity of 26.47%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business earned $1.09 EPS. The firm’s revenue was up 20.7% on a year-over-year basis. On average, equities research analysts expect that Polaris Industries will post $4.44 EPS for the current fiscal year.
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In other Polaris Industries news, EVP Michael T. Speetzen sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $84.07, for a total value of $420,350.00. Following the completion of the transaction, the executive vice president now directly owns 10,333 shares of the company’s stock, valued at $868,695.31. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Matthew J. Homan sold 2,600 shares of the business’s stock in a transaction dated 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 $1,814,942.16. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Dividend Asset Capital increased its position in shares of Polaris Industries by 9.2% in the fourth quarter. Dividend Asset Capital now owns 930,542 shares of the company’s stock worth $79,980,000 after buying an additional 78,203 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Polaris Industries by 4.5% in the third quarter. Nationwide Fund Advisors now owns 142,703 shares of the company’s stock worth $11,051,000 after buying an additional 6,104 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Polaris Industries by 12.1% in the third quarter. Wells Fargo & Company MN now owns 3,343,426 shares of the company’s stock worth $258,915,000 after buying an additional 359,582 shares in the last quarter. JLB & Associates Inc. increased its position in shares of Polaris Industries by 4.3% in the fourth quarter. JLB & Associates Inc. now owns 55,412 shares of the company’s stock worth $4,762,000 after buying an additional 2,276 shares in the last quarter. Finally, Dearborn Partners LLC increased its position in shares of Polaris Industries by 20.1% in the fourth quarter. Dearborn Partners LLC now owns 102,974 shares of the company’s stock worth $8,851,000 after buying an additional 17,239 shares in the last quarter. 93.85% of the stock is owned by institutional investors.
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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