Polaris Industries (PII) Upgraded to Outperform at Wells Fargo & Co

Polaris Industries (NYSE:PII) was upgraded by Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a report issued on Tuesday, February 6th, Marketbeat Ratings reports.

Several other equities research analysts also recently commented on PII. Stifel Nicolaus raised their target price on Polaris Industries from $98.00 to $100.00 and gave the company a “hold” rating in a report on Thursday, October 12th. Royal Bank of Canada reiterated a “sell” rating and set a $81.00 target price on shares of Polaris Industries in a report on Friday, October 13th. B. Riley set a $91.00 target price on Polaris Industries and gave the company a “hold” rating in a report on Monday, October 23rd. BMO Capital Markets downgraded Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 target price on the stock. in a report on Wednesday, October 25th. Finally, SunTrust Banks reiterated a “hold” rating and set a $115.00 target price on shares of Polaris Industries in a report on Wednesday, October 25th. They noted that the move was a valuation call. Fourteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $112.50.

Polaris Industries (PII) traded up $0.83 during midday trading on Tuesday, hitting $117.83. The stock had a trading volume of 431,223 shares, compared to its average volume of 850,957. The firm has a market cap of $7,270.00, a price-to-earnings ratio of 43.46, a P/E/G ratio of 1.24 and a beta of 1.27. 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.

Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 earnings per share for the quarter, meeting the consensus estimate of $1.47. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. equities analysts expect that Polaris Industries will post 6.12 earnings per share for the current fiscal year.

In other Polaris Industries news, SVP James P. Williams sold 20,000 shares of Polaris Industries stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $127.08, for a total transaction of $2,541,600.00. Following the sale, the senior vice president now directly owns 22,664 shares in the company, valued at approximately $2,880,141.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $191,580.00. Following the sale, the insider now owns 8,846 shares in the company, valued at $1,129,811.12. The disclosure for this sale can be found here. Insiders have sold a total of 21,602 shares of company stock worth $2,741,836 over the last 90 days. 2.20% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Polaris Industries by 2.7% during the 4th quarter. BlackRock Inc. now owns 5,467,176 shares of the company’s stock worth $677,874,000 after purchasing an additional 142,737 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Polaris Industries by 4.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $651,773,000 after purchasing an additional 202,244 shares during the last quarter. State Street Corp increased its holdings in Polaris Industries by 3.8% during the 2nd quarter. State Street Corp now owns 4,377,894 shares of the company’s stock worth $403,763,000 after purchasing an additional 161,055 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Polaris Industries by 6.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock worth $267,832,000 after purchasing an additional 148,734 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Polaris Industries by 5.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 899,134 shares of the company’s stock worth $94,076,000 after purchasing an additional 42,596 shares during the last quarter. Institutional investors own 90.98% 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.

Analyst Recommendations for Polaris Industries (NYSE:PII)

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