Polaris Industries Inc. (NYSE:PII) had its price objective hoisted by equities research analysts at Royal Bank Of Canada from $81.00 to $91.00 in a research report issued to clients and investors on Wednesday, October 25th, MarketBeat reports. The brokerage currently has an “underperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential downside of 23.76% from the company’s previous close.
Several other equities analysts also recently weighed in on the stock. BidaskClub downgraded shares of Polaris Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. TheStreet upgraded shares of Polaris Industries from a “c” rating to a “b-” rating in a report on Thursday, July 20th. Zacks Investment Research downgraded shares of Polaris Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. B. Riley set a $91.00 price target on shares of Polaris Industries and gave the stock a “hold” rating in a report on Monday, October 23rd. Finally, Northcoast Research reiterated a “neutral” rating on shares of Polaris Industries in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $99.27.
Shares of Polaris Industries (PII) opened at $119.36 on Wednesday. Polaris Industries has a 1 year low of $77.91 and a 1 year high of $126.85. The firm has a market cap of $7,465.01, a price-to-earnings ratio of 26.23, a P/E/G ratio of 1.64 and a beta of 1.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.24. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. analysts forecast that Polaris Industries will post 4.85 EPS for the current fiscal year.
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In related 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 completion of the sale, the senior vice president now directly 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 can be accessed through the SEC website. Also, CEO Scott W. Wine acquired 1,293 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of $88.81 per share, with a total value of $114,831.33. Following the completion of 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. In the last 90 days, insiders acquired 4,276 shares of company stock worth $396,394 and sold 41,852 shares worth $4,930,631. Company insiders own 2.20% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Legal & General Group Plc increased its position in shares of Polaris Industries by 0.9% during the 3rd quarter. Legal & General Group Plc now owns 298,548 shares of the company’s stock worth $31,237,000 after purchasing an additional 2,750 shares during the last quarter. AGF Investments Inc. acquired a new stake in shares of Polaris Industries during the 3rd quarter worth about $7,952,000. TD Asset Management Inc. acquired a new stake in shares of Polaris Industries during the 3rd quarter worth about $222,000. Oppenheimer & Co. Inc. increased its position in shares of Polaris Industries by 3.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,298 shares of the company’s stock worth $3,379,000 after purchasing an additional 1,106 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Polaris Industries by 11.3% during the 3rd quarter. Pacer Advisors Inc. now owns 8,759 shares of the company’s stock worth $916,000 after purchasing an additional 892 shares during the last quarter. 94.75% of the stock is owned by hedge funds and other institutional investors.
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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