Polaris Industries (NYSE:PII) received a $133.00 price target from stock analysts at Stephens in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the stock. Stephens’ price objective would indicate a potential downside of 1.26% from the stock’s previous close.
Several other research firms have also weighed in on PII. Zacks Investment Research lowered Polaris Industries from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Longbow Research upgraded Polaris Industries from an “underperform” rating to a “neutral” rating in a report on Wednesday. Wedbush restated a “neutral” rating and issued a $119.00 target price (up from $112.00) on shares of Polaris Industries in a report on Wednesday, January 3rd. Stifel Nicolaus boosted their target price on Polaris Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Royal Bank of Canada boosted their target price on Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. Polaris Industries currently has a consensus rating of “Hold” and an average target price of $106.06.
Shares of Polaris Industries (NYSE PII) opened at $134.70 on Friday. Polaris Industries has a 1-year low of $77.91 and a 1-year high of $135.18. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $8,424.41, a P/E ratio of 29.60, a P/E/G ratio of 1.57 and a beta of 1.41.
In other news, insider Michael D. Dougherty sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $122.23, for a total transaction of $977,840.00. Following the completion of the transaction, the insider now directly owns 13,113 shares in the company, valued at $1,602,801.99. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephen L. Eastman sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $127.72, for a total value of $191,580.00. Following the transaction, the insider now owns 8,846 shares of the company’s stock, valued at $1,129,811.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,102 shares of company stock valued at $7,174,301. Corporate insiders own 2.20% of the company’s stock.
Several hedge funds have recently modified their holdings of PII. TD Asset Management Inc. acquired a new position in shares of Polaris Industries during the third quarter worth approximately $222,000. HighPoint Advisor Group LLC acquired a new position in shares of Polaris Industries in the third quarter valued at $230,000. Quantbot Technologies LP acquired a new position in shares of Polaris Industries in the second quarter valued at $243,000. Toronto Dominion Bank raised its stake in shares of Polaris Industries by 244.3% in the third quarter. Toronto Dominion Bank now owns 2,527 shares of the company’s stock valued at $264,000 after purchasing an additional 1,793 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of Polaris Industries by 7.0% in the second quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock valued at $272,000 after purchasing an additional 193 shares in the last quarter. Institutional investors own 90.91% of the company’s stock.
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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.
