Polaris Industries Inc. (NYSE:PII) had its target price increased by investment analysts at BMO Capital Markets from $110.00 to $115.00 in a report issued on Friday, September 15th. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 9.91% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. B. Riley restated a “neutral” rating and issued a $91.00 target price on shares of Polaris Industries in a research note on Friday, July 21st. Stifel Nicolaus restated a “hold” rating and issued a $87.00 target price (up previously from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. Royal Bank Of Canada lowered shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 target price on the stock. in a research note on Friday, July 21st. Aegis restated a “buy” rating and issued a $107.00 target price on shares of Polaris Industries in a research note on Thursday, August 17th. Finally, Longbow Research reaffirmed an “underperform” rating and set a $60.00 price objective on shares of Polaris Industries in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $91.31.
Polaris Industries (PII) opened at 104.63 on Friday. The company’s 50-day moving average price is $94.27 and its 200 day moving average price is $88.72. The stock has a market capitalization of $6.55 billion, a P/E ratio of 43.76 and a beta of 1.30. Polaris Industries has a 52 week low of $73.07 and a 52 week high of $108.45.
Polaris Industries (NYSE:PII) last issued its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 EPS. Equities research analysts expect that Polaris Industries will post $4.48 EPS for the current fiscal year.
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In other news, Director George W. Bilicic bought 2,833 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was purchased at an average price of $95.18 per share, for a total transaction of $269,644.94. Following the transaction, the director now owns 2,833 shares in the company, valued at $269,644.94. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott W. Wine bought 1,293 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $88.81 per share, with a total value of $114,831.33. Following the transaction, the chief executive officer now 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 currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Perpetual Ltd bought a new position in shares of Polaris Industries in the second quarter valued at approximately $3,647,000. Gs Investments Inc. bought a new position in shares of Polaris Industries in the second quarter valued at approximately $396,000. Advisory Services Network LLC boosted its holdings 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 acquiring an additional 193 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Polaris Industries by 3.7% in the second quarter. Public Employees Retirement System of Ohio now owns 23,207 shares of the company’s stock valued at $2,140,000 after acquiring an additional 830 shares in the last quarter. Finally, Security National Bank of SO Dak boosted its holdings in shares of Polaris Industries by 6.0% in the second quarter. Security National Bank of SO Dak now owns 5,755 shares of the company’s stock valued at $531,000 after acquiring an additional 325 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.
About Polaris Industries
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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