Zacks Investment Research cut shares of Polaris Industries (NYSE:PII) from a buy rating to a hold rating in a research note released on Thursday, January 4th.
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. “
Several other equities analysts have also recently weighed in on the company. Royal Bank of Canada boosted their price objective on Polaris Industries from $81.00 to $91.00 and gave the stock an underperform rating in a research report on Wednesday, October 25th. UBS Group cut their price target on Polaris Industries from $108.00 to $82.00 and set a neutral rating for the company in a report on Friday, September 15th. BMO Capital Markets upped their price target on Polaris Industries from $110.00 to $115.00 and gave the company an outperform rating in a report on Friday, September 15th. Stifel Nicolaus reaffirmed a hold rating and issued a $87.00 price target on shares of Polaris Industries in a report on Thursday, September 7th. Finally, B. Riley upped their price target on Polaris Industries from $91.00 to $118.00 and gave the company a neutral rating in a report on Wednesday, October 25th. Seventeen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $111.94.
Shares of Polaris Industries (PII) opened at $116.40 on Thursday. Polaris Industries has a 12-month low of $77.91 and a 12-month high of $137.66. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34. The firm has a market capitalization of $8,395.67, a PE ratio of 29.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.41.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 earnings per share for the quarter, hitting the consensus estimate of $1.47. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year. sell-side analysts expect that Polaris Industries will post 4.85 EPS for the current fiscal year.
In related news, insider Stephen L. Eastman sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $127.72, for a total transaction of $191,580.00. Following the sale, the insider now directly owns 8,846 shares in the company, valued at approximately $1,129,811.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James P. Williams sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $127.08, for a total value of $2,541,600.00. Following the sale, the senior vice president now owns 22,664 shares in the company, valued at $2,880,141.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,602 shares of company stock worth $2,741,836. Corporate insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PII. Northstar Investment Advisors LLC boosted its position in Polaris Industries by 3.5% in the 4th quarter. Northstar Investment Advisors LLC now owns 87,087 shares of the company’s stock valued at $10,798,000 after buying an additional 2,982 shares during the last quarter. IFG Advisory LLC bought a new position in Polaris Industries in the 4th quarter valued at $436,000. Morse Asset Management Inc boosted its position in Polaris Industries by 5.1% in the 4th quarter. Morse Asset Management Inc now owns 10,275 shares of the company’s stock valued at $1,274,000 after buying an additional 500 shares during the last quarter. Arlington Partners LLC bought a new position in Polaris Industries in the 4th quarter valued at $583,000. Finally, Parsec Financial Management Inc. boosted its position in Polaris Industries by 13.8% in the 4th quarter. Parsec Financial Management Inc. now owns 110,342 shares of the company’s stock valued at $13,681,000 after buying an additional 13,385 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.
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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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