Polaris Industries Inc. (NYSE:PII) had its price target cut by equities researchers at UBS AG from $108.00 to $82.00 in a research note issued to investors on Friday, 99wallstreet.com reports. The firm presently has a “neutral” rating on the stock. UBS AG’s price target points to a potential downside of 23.07% from the stock’s current price.
PII has been the topic of a number of other research reports. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris Industries in a research report on Thursday, August 31st. BidaskClub raised shares of Polaris Industries from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Royal Bank Of Canada reissued a “hold” rating and issued a $79.00 price target on shares of Polaris Industries in a report on Friday, June 9th. Robert W. Baird reissued a “neutral” rating on shares of Polaris Industries in a report on Sunday, September 3rd. Finally, Zacks Investment Research raised shares of Polaris Industries from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $90.15.
Polaris Industries (PII) opened at 106.59 on Friday. Polaris Industries has a 1-year low of $72.05 and a 1-year high of $108.24. The firm’s 50-day moving average is $94.27 and its 200-day moving average is $88.72. The company has a market capitalization of $6.67 billion, a P/E ratio of 44.58 and a beta of 1.30.
Polaris Industries (NYSE:PII) last announced its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Polaris Industries’s revenue was up 20.7% compared to the same quarter last year. Equities research analysts predict that Polaris Industries will post $4.48 EPS for the current year.
In related news, Director George W. Bilicic purchased 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, for a total transaction of $269,644.94. Following the transaction, the director now directly owns 2,833 shares in the company, valued at $269,644.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott W. Wine purchased 1,293 shares of Polaris Industries stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average price of $88.81 per share, for a total transaction of $114,831.33. Following the transaction, the chief executive officer now owns 317,000 shares in the company, valued at $28,152,770. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gs Investments Inc. acquired a new position in Polaris Industries during the 2nd quarter worth about $396,000. Advisory Services Network LLC lifted its position in Polaris Industries by 7.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock worth $272,000 after buying an additional 193 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Polaris Industries by 3.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 23,207 shares of the company’s stock worth $2,140,000 after buying an additional 830 shares in the last quarter. Security National Bank of SO Dak lifted its position in Polaris Industries by 6.0% during the 2nd quarter. Security National Bank of SO Dak now owns 5,755 shares of the company’s stock worth $531,000 after buying an additional 325 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA lifted its position in Polaris Industries by 1.3% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 7,649 shares of the company’s stock worth $706,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 95.14% 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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