Research analysts at Citigroup assumed coverage on shares of Polaris Industries (NYSE:PII) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $120.00 price target on the stock. Citigroup‘s price target suggests a potential upside of 30.38% from the company’s previous close.

A number of other research firms have also commented on PII. Northcoast Research restated a “neutral” rating on shares of Polaris Industries in a research note on Wednesday, July 29th. Stifel Nicolaus lifted their price target on Polaris Industries from $67.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. UBS Group decreased their price target on Polaris Industries from $114.00 to $86.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Robert W. Baird lifted their price target on Polaris Industries from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Longbow Research reiterated a “hold” rating on shares of Polaris Industries in a research note on Friday, July 17th. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $99.29.

NYSE PII opened at $92.04 on Tuesday. The stock has a 50-day simple moving average of $101.96 and a 200 day simple moving average of $83.21. The company has a market capitalization of $5.65 billion, a PE ratio of -101.14 and a beta of 2.12. The company has a current ratio of 0.99, a quick ratio of 0.45 and a debt-to-equity ratio of 1.85. Polaris Industries has a 12 month low of $37.35 and a 12 month high of $110.30.

Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.70. Polaris Industries had a positive return on equity of 32.38% and a negative net margin of 0.83%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company earned $1.73 earnings per share. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. As a group, sell-side analysts predict that Polaris Industries will post 6.58 earnings per share for the current fiscal year.

In other news, SVP Christopher Musso sold 3,773 shares of Polaris Industries stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $106.00, for a total value of $399,938.00. Following the completion of the transaction, the senior vice president now directly owns 31,374 shares of the company’s stock, valued at approximately $3,325,644. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Dougherty Lucy Clark sold 4,218 shares of Polaris Industries stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $107.00, for a total value of $451,326.00. Following the completion of the transaction, the senior vice president now directly owns 23,773 shares of the company’s stock, valued at $2,543,711. The disclosure for this sale can be found here. Over the last three months, insiders sold 168,016 shares of company stock valued at $18,084,614. Corporate insiders own 3.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in Polaris Industries by 16.6% in the second quarter. PNC Financial Services Group Inc. now owns 18,377 shares of the company’s stock valued at $1,700,000 after purchasing an additional 2,610 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in Polaris Industries in the second quarter valued at approximately $227,000. Handelsbanken Fonder AB purchased a new position in Polaris Industries in the second quarter valued at approximately $1,055,000. Nuveen Asset Management LLC lifted its stake in Polaris Industries by 12.8% in the second quarter. Nuveen Asset Management LLC now owns 344,027 shares of the company’s stock valued at $31,840,000 after purchasing an additional 39,015 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Polaris Industries by 11.5% in the second quarter. Sequoia Financial Advisors LLC now owns 16,944 shares of the company’s stock valued at $1,568,000 after purchasing an additional 1,746 shares during the last quarter. 73.20% of the stock is owned by institutional investors and hedge funds.

About Polaris Industries

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

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Analyst Recommendations for Polaris Industries (NYSE:PII)

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