Polaris Industries Inc. (PII) Rating Reiterated by Stifel Nicolaus
Polaris Industries Inc. (NYSE:PII)‘s stock had its “hold” rating reissued by equities researchers at Stifel Nicolaus in a research report issued on Thursday. They presently have a $87.00 price objective on the stock. Stifel Nicolaus’ target price would suggest a potential downside of 11.76% from the company’s previous close.
PII has been the topic of a number of other reports. KeyCorp reissued a “sector weight” rating on shares of Polaris Industries in a research report on Thursday, August 31st. BidaskClub raised shares of Polaris Industries from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Royal Bank Of Canada reissued a “hold” rating and issued a $79.00 price objective on shares of Polaris Industries in a research report on Friday, June 9th. Zacks Investment Research raised shares of Polaris Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Robert W. Baird reissued a “neutral” rating on shares of Polaris Industries in a research report on Sunday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $86.87.
Polaris Industries (NYSE:PII) traded down 1.19% during midday trading on Thursday, reaching $98.59. The company’s stock had a trading volume of 715,960 shares. The firm has a 50 day moving average price of $91.77 and a 200 day moving average price of $87.78. Polaris Industries has a one year low of $70.14 and a one year high of $100.81. The firm has a market cap of $6.17 billion, a P/E ratio of 41.23 and a beta of 1.30.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company posted $1.09 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities research analysts forecast that Polaris Industries will post $4.48 EPS for the current fiscal year.
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In other news, SVP James P. Williams sold 5,250 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $93.24, for a total transaction of $489,510.00. Following the transaction, the senior vice president now directly owns 19,914 shares in the company, valued at $1,856,781.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Scott W. Wine acquired 1,293 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average price of $88.81 per share, for a total transaction of $114,831.33. Following the completion of the purchase, the chief executive officer now owns 317,000 shares of the company’s stock, valued at approximately $28,152,770. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. boosted its stake in shares of Polaris Industries by 13.3% during the first quarter. Stratos Wealth Partners LTD. now owns 4,059 shares of the company’s stock valued at $340,000 after purchasing an additional 478 shares in the last quarter. Bancorpsouth Inc. bought a new position in shares of Polaris Industries during the first quarter valued at approximately $244,000. Schroder Investment Management Group boosted its stake in shares of Polaris Industries by 719.9% during the first quarter. Schroder Investment Management Group now owns 241,900 shares of the company’s stock valued at $20,218,000 after purchasing an additional 212,396 shares in the last quarter. Staton Financial Advisors LLC boosted its stake in shares of Polaris Industries by 3.1% during the first quarter. Staton Financial Advisors LLC now owns 39,630 shares of the company’s stock valued at $3,321,000 after purchasing an additional 1,203 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of Polaris Industries by 1.6% during the first quarter. Blair William & Co. IL now owns 7,109 shares of the company’s stock valued at $598,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 95.13% 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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