Polaris Industries Inc. (NYSE:PII) – Wedbush increased their FY2018 EPS estimates for shares of Polaris Industries in a research note issued on Monday. Wedbush analyst J. Hardiman now expects that the company will earn $5.39 per share for the year, up from their prior estimate of $5.12.
Other analysts have also issued reports about the company. Stifel Nicolaus restated a “hold” rating and issued a $87.00 target price (up from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. 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. Royal Bank Of Canada lowered 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, Robert W. Baird lowered Polaris Industries from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $88.00 to $96.00 in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Polaris Industries presently has a consensus rating of “Hold” and a consensus target price of $91.54.
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Shares of Polaris Industries (NYSE PII) traded up 1.95% on Wednesday, reaching $105.97. The company’s stock had a trading volume of 198,585 shares. The stock has a market cap of $6.63 billion, a P/E ratio of 44.32 and a beta of 1.31. The firm’s 50 day moving average is $102.45 and its 200-day moving average is $91.22. Polaris Industries has a 52-week low of $73.98 and a 52-week high of $108.46.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data 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 firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 20.7% on a year-over-year basis.
Institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC grew its position in Polaris Industries by 625.3% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 73,159 shares of the company’s stock worth $5,981,000 after buying an additional 63,072 shares in the last quarter. Victory Capital Management Inc. grew its position in Polaris Industries by 15.4% during the second quarter. Victory Capital Management Inc. now owns 53,721 shares of the company’s stock worth $4,955,000 after buying an additional 7,171 shares in the last quarter. Swiss National Bank grew its position in Polaris Industries by 1.2% during the second quarter. Swiss National Bank now owns 218,200 shares of the company’s stock worth $20,125,000 after buying an additional 2,500 shares in the last quarter. Staton Financial Advisors LLC grew its position in Polaris Industries by 3.1% during the first quarter. Staton Financial Advisors LLC now owns 39,630 shares of the company’s stock worth $3,321,000 after buying an additional 1,203 shares in the last quarter. Finally, Marshall Wace North America L.P. grew its position in Polaris Industries by 860.0% during the second quarter. Marshall Wace North America L.P. now owns 24,394 shares of the company’s stock worth $2,244,000 after buying an additional 21,853 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.
In other Polaris Industries news, CEO Scott W. Wine bought 1,293 shares of Polaris Industries stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average cost of $88.81 per share, for a total transaction 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 $28,152,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George W. Bilicic bought 2,833 shares of Polaris Industries stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average price of $95.18 per share, with a total value of $269,644.94. Following the completion of the transaction, the director now owns 2,833 shares of the company’s stock, valued at $269,644.94. The disclosure for this purchase can be found here. 2.20% of the stock is owned by insiders.
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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