Polaris Industries (NYSE:PII) had its target price increased by research analysts at Wedbush from $112.00 to $119.00 in a research note issued on Wednesday. The firm presently has a “neutral” rating on the stock. Wedbush’s price objective indicates a potential downside of 7.94% from the company’s previous close.
Several other analysts have also issued reports on PII. Northcoast Research reaffirmed a “hold” rating on shares of Polaris Industries in a research note on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $87.00 target price on shares of Polaris Industries in a research note on Thursday, September 7th. UBS Group cut their target price on Polaris Industries from $108.00 to $82.00 and set a “neutral” rating for the company in a research note on Friday, September 15th. BMO Capital Markets upped their target price on Polaris Industries from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Finally, Zacks Investment Research raised Polaris Industries from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company. Polaris Industries has an average rating of “Hold” and an average target price of $102.20.
Shares of Polaris Industries (NYSE PII) traded up $0.91 on Wednesday, reaching $129.27. The company’s stock had a trading volume of 467,100 shares, compared to its average volume of 552,300. The stock has a market capitalization of $8,080.00, a price-to-earnings ratio of 40.65, a P/E/G ratio of 1.51 and a beta of 1.40. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. Polaris Industries has a 1-year low of $77.91 and a 1-year high of $134.66.
In related news, insider Stephen L. Eastman sold 8,500 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $119.25, for a total value of $1,013,625.00. Following the completion of the sale, the insider now owns 18,846 shares of the company’s stock, valued at $2,247,385.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stacy L. Bogart sold 20,000 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $122.05, for a total value of $2,441,000.00. Following the completion of the sale, the senior vice president now directly owns 30,975 shares of the company’s stock, valued at approximately $3,780,498.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,102 shares of company stock valued at $7,174,301. Insiders own 2.20% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Ffcm LLC lifted its stake in Polaris Industries by 6.4% in the second quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after acquiring an additional 85 shares during the period. TD Asset Management Inc. purchased a new stake in Polaris Industries in the third quarter worth $222,000. HighPoint Advisor Group LLC purchased a new stake in Polaris Industries in the third quarter worth $230,000. Quantbot Technologies LP purchased a new stake in Polaris Industries in the second quarter worth $243,000. Finally, Commerce Bank lifted its stake in Polaris Industries by 7.4% in the second quarter. Commerce Bank now owns 2,771 shares of the company’s stock worth $256,000 after acquiring an additional 190 shares during the period. 90.90% of the stock is owned by institutional investors.
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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.
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