Polaris Industries Inc. (PII) Earns Sell Rating from Royal Bank Of Canada
A number of other equities analysts have also recently commented on PII. B. Riley restated a neutral rating and set a $91.00 target price on shares of Polaris Industries in a report on Friday, July 21st. Zacks Investment Research upgraded Polaris Industries from a hold rating to a buy rating and set a $117.00 target price for the company in a report on Friday, September 29th. Stifel Nicolaus raised their target price on Polaris Industries from $98.00 to $100.00 and gave the company a hold rating in a report on Thursday. Northcoast Research restated a neutral rating on shares of Polaris Industries in a report on Friday, October 6th. Finally, KeyCorp restated a hold rating on shares of Polaris Industries in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Polaris Industries has an average rating of Hold and an average target price of $91.54.
Shares of Polaris Industries (NYSE:PII) opened at 103.05 on Friday. The company has a 50 day moving average price of $102.45 and a 200 day moving average price of $91.22. The company has a market capitalization of $6.45 billion, a P/E ratio of 43.10 and a beta of 1.31. Polaris Industries has a 12-month low of $73.98 and a 12-month high of $108.46.
Polaris Industries (NYSE:PII) last announced its 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. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business posted $1.09 EPS. Polaris Industries’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities analysts anticipate that Polaris Industries will post $4.50 EPS for the current year.
In other news, SVP James P. Williams sold 5,250 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $93.24, for a total transaction of $489,510.00. Following the sale, the senior vice president now owns 19,914 shares of the company’s stock, valued at approximately $1,856,781.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott W. Wine bought 1,293 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of $88.81 per share, for a total transaction of $114,831.33. Following the transaction, the chief executive officer now directly owns 317,000 shares in the company, valued at approximately $28,152,770. The disclosure for this purchase can be found here. 2.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC raised its position in shares of Polaris Industries by 625.3% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 73,159 shares of the company’s stock worth $5,981,000 after acquiring an additional 63,072 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Polaris Industries by 15.4% during the 2nd quarter. Victory Capital Management Inc. now owns 53,721 shares of the company’s stock worth $4,955,000 after acquiring an additional 7,171 shares in the last quarter. Swiss National Bank raised its position in shares of Polaris Industries by 1.2% during the 2nd quarter. Swiss National Bank now owns 218,200 shares of the company’s stock worth $20,125,000 after acquiring an additional 2,500 shares in the last quarter. Staton Financial Advisors LLC raised its position in shares of Polaris Industries by 3.1% during the 1st quarter. Staton Financial Advisors LLC now owns 39,630 shares of the company’s stock worth $3,321,000 after acquiring an additional 1,203 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its position in shares of Polaris Industries by 860.0% during the 2nd quarter. Marshall Wace North America L.P. now owns 24,394 shares of the company’s stock worth $2,244,000 after acquiring an additional 21,853 shares in the last quarter. 94.84% of the stock is currently owned by institutional investors and hedge funds.
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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