Polaris Industries Inc. (NYSE:PII) Earns Hold Rating from Stifel Nicolaus
Polaris Industries Inc. (NYSE:PII)‘s stock had its “hold” rating restated by Stifel Nicolaus in a note issued to investors on Monday. They presently have a $87.00 price target on the stock, up from their prior price target of $86.00. Stifel Nicolaus’ target price would suggest a potential downside of 6.25% from the company’s current price.
Other analysts also recently issued research reports about the company. TheStreet upgraded Polaris Industries from a “c” rating to a “b-” rating in a research report on Thursday. BMO Capital Markets reiterated a “buy” rating and issued a $100.00 price objective on shares of Polaris Industries in a research report on Monday, June 5th. BidaskClub upgraded Polaris Industries from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Wednesday, July 19th. Finally, Lake Street Capital raised their target price on 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, thirteen have given a hold rating and four have given a buy rating to the company’s stock. Polaris Industries presently has an average rating of “Hold” and a consensus target price of $86.87.
Polaris Industries (PII) traded down 1.62% during midday trading on Monday, hitting $92.80. The company had a trading volume of 776,989 shares. The company has a market cap of $5.84 billion, a P/E ratio of 38.81 and a beta of 1.32. The company’s 50 day moving average is $89.13 and its 200-day moving average is $86.39. Polaris Industries has a one year low of $70.14 and a one year high of $99.16.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $1.09 EPS. The company’s quarterly revenue was up 20.7% on a year-over-year basis. On average, equities analysts predict that Polaris Industries will post $4.46 EPS for the current year.
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In other news, EVP Michael T. Speetzen sold 5,000 shares of Polaris Industries stock in a transaction 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 completion of the sale, the executive vice president now directly owns 10,333 shares of the company’s stock, valued at approximately $868,695.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew J. Homan sold 2,600 shares of Polaris Industries stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $86.96, for a total value of $226,096.00. Following the completion of the sale, 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. 2.20% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Gulf International Bank UK Ltd boosted its stake 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 valued at $1,548,000 after buying an additional 200 shares during the period. GW&K Investment Management LLC purchased a new stake in Polaris Industries during the first quarter valued at approximately $11,529,000. Sheets Smith Wealth Management purchased a new stake in Polaris Industries during the first quarter valued at approximately $204,000. Raymond James Trust N.A. boosted 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 valued at $593,000 after buying an additional 1,447 shares during the period. Finally, Confluence Investment Management LLC boosted 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 valued at $61,222,000 after buying an additional 596,497 shares during the period. 94.04% of the stock is owned by 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.
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