Polaris Industries Inc. (PII) Earns Hold Rating from Northcoast Research
Polaris Industries Inc. (NYSE:PII)‘s stock had its “hold” rating reiterated by Northcoast Research in a note issued to investors on Tuesday.
PII has been the subject of several other research reports. Wedbush restated a “neutral” rating and set a $75.00 target price on shares of Polaris Industries in a research note on Tuesday, June 6th. BidaskClub cut Polaris Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BMO Capital Markets restated a “buy” rating and set a $100.00 target price on shares of Polaris Industries in a research note on Monday, June 5th. TheStreet upgraded Polaris Industries from a “c” rating to a “b-” rating in a research note on Thursday, July 20th. Finally, Zacks Investment Research cut Polaris Industries from a “buy” rating to a “hold” rating in a research note on Saturday, July 29th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $86.87.
Shares of Polaris Industries (PII) traded up 3.11% during trading on Tuesday, hitting $99.70. 1,230,136 shares of the company traded hands. The company has a 50-day moving average of $91.37 and a 200-day moving average of $87.62. Polaris Industries has a 52-week low of $70.14 and a 52-week high of $100.17. The stock has a market capitalization of $6.24 billion, a PE ratio of 41.70 and a beta of 1.30.
Polaris Industries (NYSE:PII) last posted its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.08. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. Equities analysts expect that Polaris Industries will post $4.48 EPS for the current year.
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In related news, Director George W. Bilicic purchased 2,833 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was acquired at an average price of $95.18 per share, for a total transaction of $269,644.94. Following the completion of the purchase, the director now directly owns 2,833 shares of the company’s stock, valued at $269,644.94. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Scott W. Wine purchased 1,293 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were bought at an average price of $88.81 per share, with a total value of $114,831.33. Following the purchase, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at $28,152,770. The disclosure for this purchase can be found here. 2.20% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont raised its stake in shares of Polaris Industries by 132.0% during the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock worth $109,000 after purchasing an additional 673 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Polaris Industries by 1.0% during the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after purchasing an additional 13 shares during the last quarter. Ffcm LLC raised its stake in shares of Polaris Industries by 4.3% during the first quarter. Ffcm LLC now owns 1,330 shares of the company’s stock worth $112,000 after purchasing an additional 55 shares during the last quarter. NEXT Financial Group Inc raised its stake in shares of Polaris Industries by 1,315.0% during the first quarter. NEXT Financial Group Inc now owns 1,415 shares of the company’s stock worth $121,000 after purchasing an additional 1,315 shares during the last quarter. Finally, Mosaic Family Wealth LLC raised its stake in shares of Polaris Industries by 4.1% during the first quarter. Mosaic Family Wealth LLC now owns 1,592 shares of the company’s stock worth $133,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.
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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