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.
Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.24. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. analysts predict that Polaris Industries will post 4.85 earnings per share for the current year.
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.