Polaris (NYSE:PII) was upgraded by TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Tuesday, TheStreetRatingsTable reports.
A number of other brokerages have also weighed in on PII. Robert W. Baird upgraded Polaris from a “neutral” rating to an “outperform” rating and set a $122.00 price objective on the stock in a research report on Monday, October 5th. Longbow Research upgraded Polaris from a “neutral” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Wednesday, September 30th. Stifel Nicolaus dropped their price target on Polaris from $110.00 to $103.00 and set a “hold” rating on the stock in a research report on Wednesday. Northcoast Research restated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Finally, Raymond James lifted their price target on Polaris from $127.00 to $128.00 and gave the company a “strong-buy” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Polaris has a consensus rating of “Buy” and a consensus price target of $100.73.
Shares of PII stock opened at $92.38 on Tuesday. The firm has a market cap of $5.67 billion, a P/E ratio of -101.52 and a beta of 2.11. Polaris has a fifty-two week low of $37.35 and a fifty-two week high of $110.30. The business’s 50 day moving average price is $94.22 and its 200-day moving average price is $90.18. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.45 and a current ratio of 0.99.
Polaris (NYSE:PII) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $2.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.19 by $0.66. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. Polaris had a positive return on equity of 32.38% and a negative net margin of 0.83%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company earned $1.68 EPS. As a group, equities analysts predict that Polaris will post 6.66 EPS for the current year.
In other news, SVP James P. Williams sold 14,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $107.00, for a total value of $1,498,000.00. Following the completion of the transaction, the senior vice president now owns 28,573 shares in the company, valued at $3,057,311. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott W. Wine sold 90,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $108.23, for a total value of $9,740,700.00. Following the completion of the transaction, the chief executive officer now owns 464,355 shares of the company’s stock, valued at approximately $50,257,141.65. The disclosure for this sale can be found here. Insiders have sold 164,316 shares of company stock valued at $17,692,414 in the last quarter. 3.20% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in PII. Psagot Investment House Ltd. bought a new position in shares of Polaris in the second quarter worth about $42,000. CX Institutional boosted its stake in shares of Polaris by 108.9% in the third quarter. CX Institutional now owns 470 shares of the company’s stock worth $44,000 after acquiring an additional 245 shares during the period. Cerebellum GP LLC bought a new position in shares of Polaris in the third quarter worth about $50,000. CWM LLC lifted its position in shares of Polaris by 165.9% in the third quarter. CWM LLC now owns 718 shares of the company’s stock worth $68,000 after buying an additional 448 shares in the last quarter. Finally, Campbell Wealth Management purchased a new stake in shares of Polaris in the second quarter worth about $74,000. 73.20% of the stock is owned by institutional investors and hedge funds.
Polaris 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 bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.
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