Polaris Industries Inc. (NYSE:PII) had its price target hoisted by investment analysts at BMO Capital Markets from $110.00 to $115.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 8.18% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. TheStreet raised shares of Polaris Industries from a “c” rating to a “b-” rating in a research note on Thursday, July 20th. BidaskClub raised shares of Polaris Industries from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Wednesday, July 19th. Lake Street Capital upped their target price on shares of Polaris Industries from $102.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Aegis reaffirmed a “buy” rating and set a $107.00 target price on shares of Polaris Industries in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $90.14.
Shares of Polaris Industries (PII) traded down 0.08% during trading on Friday, reaching $106.16. 1,051,147 shares of the company’s stock were exchanged. Polaris Industries has a 12-month low of $70.14 and a 12-month high of $108.03. The company has a 50 day moving average of $92.79 and a 200 day moving average of $88.25. The stock has a market cap of $6.64 billion, a P/E ratio of 44.40 and a beta of 1.30.
Polaris Industries (NYSE:PII) last announced its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities research analysts anticipate that Polaris Industries will post $4.48 EPS for the current year.
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In other news, CEO Scott W. Wine purchased 1,293 shares of the stock in a transaction on Friday, August 18th. The stock was bought at an average price of $88.81 per share, for a total transaction of $114,831.33. Following the acquisition, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at approximately $28,152,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James P. Williams sold 5,250 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $93.24, for a total transaction of $489,510.00. Following the transaction, the senior vice president now owns 19,914 shares of the company’s stock, valued at approximately $1,856,781.36. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PII. 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 in the last quarter. IFP Advisors Inc boosted its holdings in shares of Polaris Industries by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after buying an additional 13 shares in the last quarter. Ffcm LLC boosted its holdings in shares of Polaris Industries by 6.4% in the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock valued at $131,000 after buying an additional 85 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Polaris Industries by 20.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the company’s stock valued at $151,000 after buying an additional 300 shares in the last quarter. Finally, Mosaic Family Wealth LLC boosted its holdings in shares of Polaris Industries by 7.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock valued at $157,000 after buying an additional 115 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.
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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