Zacks Investment Research upgraded shares of Polaris Industries (NYSE:PII) from a hold rating to a buy rating in a research report released on Saturday morning. They currently have $148.00 price objective on the stock.
According to Zacks, “Polaris Industries Inc. is a global power sports leader that has been fueling the passion of riders, workers and outdoor enthusiasts for years. With annual 2016 sales of $4.5 billion, Polaris’ innovative, high-quality product line-up includes the RANGER, RZR and Polaris GENERAL side-by-side off-road vehicles; the Sportsman and Polaris ACE all-terrain off-road vehicles; Indian Motorcycle midsize and heavyweight motorcycles; Slingshot moto-roadsters; and Polaris RMK, INDY, Switchback and RUSH snowmobiles. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets globally includes military and commercial off-road vehicles, quadricycles, and electric vehicles. “
A number of other equities analysts have also recently issued reports on the stock. Stephens set a $133.00 price objective on shares of Polaris Industries and gave the stock a hold rating in a research report on Friday. Longbow Research upgraded shares of Polaris Industries from an underperform rating to a neutral rating in a research note on Wednesday. Wedbush lifted their price objective on shares of Polaris Industries from $112.00 to $119.00 and gave the company a neutral rating in a research note on Wednesday, January 3rd. B. Riley lifted their price objective on shares of Polaris Industries from $91.00 to $118.00 and gave the company a neutral rating in a research note on Wednesday, October 25th. Finally, Robert W. Baird lifted their price objective on shares of Polaris Industries from $105.00 to $120.00 and gave the company a neutral rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. Polaris Industries has an average rating of Hold and a consensus price target of $106.06.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, beating the 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 business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business earned $0.50 earnings per share. The company’s revenue was up 24.8% on a year-over-year basis. equities analysts expect 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 Polaris Industries stock in a transaction that occurred on Thursday, October 26th. The shares were 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 of the company’s stock, valued at approximately $1,602,801.99. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephen L. Eastman sold 1,500 shares of Polaris Industries stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $127.72, for a total transaction of $191,580.00. Following the transaction, the insider now directly 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 ninety days, insiders have sold 58,102 shares of company stock valued at $7,174,301. Insiders own 2.20% of the company’s stock.
Several large investors have recently bought and sold shares of PII. TD Asset Management Inc. purchased a new position in shares of Polaris Industries during the 3rd quarter valued at approximately $222,000. HighPoint Advisor Group LLC purchased a new stake in Polaris Industries in the 3rd quarter worth $230,000. Quantbot Technologies LP purchased a new stake in Polaris Industries in the 2nd quarter worth $243,000. Toronto Dominion Bank increased its holdings in Polaris Industries by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 2,527 shares of the company’s stock worth $264,000 after acquiring an additional 1,793 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in Polaris Industries by 7.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock worth $272,000 after acquiring an additional 193 shares in the last quarter. 90.91% of the stock is owned by hedge funds and other institutional investors.
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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.
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