Polaris Industries Inc. (PII) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Polaris Industries Inc. (NYSE:PII) have been assigned an average recommendation of “Hold” from the eighteen analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $91.73.
A number of analysts have recently commented on PII shares. KeyCorp restated a “sector weight” rating on shares of Polaris Industries in a research report on Thursday, August 31st. Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research report on Friday, September 29th. BidaskClub upgraded Polaris Industries from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Robert W. Baird restated a “neutral” rating on shares of Polaris Industries in a research report on Sunday, September 3rd. Finally, Northcoast Research reiterated a “neutral” rating on shares of Polaris Industries in a research report on Friday, October 6th.
In related news, Director George W. Bilicic bought 2,833 shares of the company’s stock in a transaction on Friday, August 25th. The stock was bought at an average cost of $95.18 per share, for a total transaction of $269,644.94. Following the acquisition, the director now directly owns 2,833 shares in the company, valued at $269,644.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott W. Wine bought 1,293 shares of the company’s stock in a transaction on Friday, August 18th. The stock was bought at an average price of $88.81 per share, with a total value of $114,831.33. Following the completion of the acquisition, 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 corporate insiders.
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Polaris Industries by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock valued at $519,037,000 after buying an additional 323,616 shares in the last quarter. BlackRock Inc. grew its holdings in Polaris Industries by 3,542.9% in the 1st quarter. BlackRock Inc. now owns 5,359,600 shares of the company’s stock valued at $449,135,000 after buying an additional 5,212,474 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Polaris Industries by 12.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock valued at $484,822,000 after buying an additional 572,461 shares in the last quarter. State Street Corp grew its holdings in Polaris Industries by 3.8% in the 2nd quarter. State Street Corp now owns 4,377,894 shares of the company’s stock valued at $403,763,000 after buying an additional 161,055 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Polaris Industries by 0.4% in the 2nd quarter. Wells Fargo & Company MN now owns 3,504,980 shares of the company’s stock valued at $323,265,000 after buying an additional 12,865 shares in the last quarter. Institutional investors own 94.84% of the company’s stock.
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Shares of Polaris Industries (PII) traded up 1.04% during midday trading on Friday, reaching $106.46. 636,437 shares of the company’s stock were exchanged. The stock has a market cap of $6.66 billion, a P/E ratio of 44.54 and a beta of 1.31. Polaris Industries has a one year low of $73.98 and a one year high of $108.46. The company’s 50-day moving average is $103.82 and its 200-day moving average is $91.87.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 earnings per share. Equities analysts expect that Polaris Industries will post $4.51 earnings per share for the current fiscal year.
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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