Polaris Industries Inc. (PII) Earns Sell Rating from Royal Bank Of Canada
Polaris Industries Inc. (NYSE:PII)‘s stock had its “sell” rating restated by Royal Bank Of Canada in a research note issued to investors on Friday. They presently have a $81.00 target price on the stock. Royal Bank Of Canada’s target price indicates a potential downside of 22.39% from the stock’s current price.
Other analysts have also issued research reports about the company. Stifel Nicolaus reiterated a “hold” rating and set a $87.00 target price (up previously from $86.00) on shares of Polaris Industries in a report on Monday, July 24th. B. Riley reiterated a “neutral” rating and set a $91.00 target price on shares of Polaris Industries in a report on Friday, July 21st. Aegis reiterated a “buy” rating and set a $107.00 target price on shares of Polaris Industries in a report on Thursday, August 17th. Robert W. Baird lowered Polaris Industries from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $88.00 to $96.00 in a report on Friday, July 21st. Finally, Longbow Research reiterated an “underperform” rating and set a $60.00 target price on shares of Polaris Industries in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. Polaris Industries currently has a consensus rating of “Hold” and a consensus price target of $91.54.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 earnings per share.
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In related news, Director George W. Bilicic bought 2,833 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average cost of $95.18 per share, with a total value of $269,644.94. Following the transaction, the director now directly owns 2,833 shares in the company, valued at $269,644.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott W. Wine bought 1,293 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average cost of $88.81 per share, with a total value of $114,831.33. Following the completion of the transaction, the chief executive officer now owns 317,000 shares in the company, valued at $28,152,770. The disclosure for this purchase can be found here. 2.20% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in PII. Ffcm LLC acquired a new stake in Polaris Industries during the 4th quarter worth about $106,000. Trust Co. of Vermont grew its holdings in Polaris Industries by 132.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock worth $109,000 after acquiring an additional 673 shares during the period. Mosaic Family Wealth LLC grew its holdings in Polaris Industries by 11.9% during the 3rd quarter. Mosaic Family Wealth LLC now owns 1,529 shares of the company’s stock worth $118,000 after acquiring an additional 162 shares during the period. IFP Advisors Inc grew its holdings in Polaris Industries by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after acquiring an additional 13 shares during the period. Finally, NEXT Financial Group Inc grew its holdings in Polaris Industries by 1,315.0% during the 1st quarter. NEXT Financial Group Inc now owns 1,415 shares of the company’s stock worth $121,000 after acquiring an additional 1,315 shares during the period. 95.20% of the stock is owned by institutional investors and hedge funds.
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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