Polaris Industries (NYSE:PII) received a $133.00 price target from analysts at Stephens in a report issued on Friday, January 19th. The firm presently has a “hold” rating on the stock. Stephens’ price objective points to a potential upside of 13.68% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, September 22nd. KeyCorp reiterated a “hold” rating on shares of Polaris Industries in a research note on Wednesday, October 4th. SunTrust Banks reiterated a “hold” rating and issued a $115.00 price target on shares of Polaris Industries in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Stifel Nicolaus raised their price objective on Polaris Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, B. Riley set a $91.00 price objective on Polaris Industries and gave the stock a “hold” rating in a research note on Monday, October 23rd. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $112.50.
Polaris Industries (NYSE PII) traded up $3.52 on Friday, hitting $117.00. The stock had a trading volume of 702,041 shares, compared to its average volume of 872,711. Polaris Industries has a fifty-two week low of $77.91 and a fifty-two week high of $137.66. The company has a quick ratio of 0.42, a current ratio of 1.11 and a debt-to-equity ratio of 0.93. The company has a market cap of $7,200.00, a P/E ratio of 43.49, a price-to-earnings-growth ratio of 1.22 and a beta of 1.27.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.47. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 EPS. equities analysts forecast that Polaris Industries will post 6.12 EPS for the current fiscal year.
In related news, insider Stephen L. Eastman sold 1,500 shares of Polaris Industries 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 transaction, the insider now owns 8,846 shares in the company, valued at $1,129,811.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP James P. Williams sold 20,000 shares of Polaris Industries stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $127.08, for a total value of $2,541,600.00. Following the completion of the sale, the senior vice president now owns 22,664 shares in the company, valued at approximately $2,880,141.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,602 shares of company stock worth $2,741,836. 2.20% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of PII. Calton & Associates Inc. acquired a new stake in shares of Polaris Industries in the fourth quarter valued at $112,000. Gradient Investments LLC acquired a new stake in shares of Polaris Industries in the fourth quarter valued at $113,000. Delpha Capital Management LLC acquired a new stake in shares of Polaris Industries in the fourth quarter valued at $120,000. NuWave Investment Management LLC acquired a new stake in shares of Polaris Industries in the fourth quarter valued at $123,000. Finally, Assetmark Inc. grew its stake in shares of Polaris Industries by 1,097.8% in the fourth quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock valued at $134,000 after buying an additional 988 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.
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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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