Polaris Industries Inc. (NYSE:PII) – Analysts at Wedbush cut their Q4 2019 EPS estimates for Polaris Industries in a note issued to investors on Friday, January 17th. Wedbush analyst J. Hardiman now anticipates that the company will earn $1.75 per share for the quarter, down from their prior estimate of $1.81. Wedbush currently has a “Neutral” rating on the stock. Wedbush also issued estimates for Polaris Industries’ Q1 2020 earnings at $1.14 EPS and Q2 2020 earnings at $1.74 EPS.
A number of other analysts have also weighed in on the stock. Wells Fargo & Co reiterated a “buy” rating on shares of Polaris Industries in a research note on Wednesday, October 23rd. Lake Street Capital increased their price objective on shares of Polaris Industries from $112.00 to $118.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. ValuEngine upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating in a research note on Thursday, January 9th. Raymond James increased their price objective on shares of Polaris Industries from $108.00 to $117.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Zacks Investment Research lowered shares of Polaris Industries from a “buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Polaris Industries currently has a consensus rating of “Buy” and an average target price of $110.33.
NYSE:PII opened at $93.08 on Monday. The firm has a market capitalization of $5.69 billion, a P/E ratio of 18.29, a PEG ratio of 1.14 and a beta of 1.46. Polaris Industries has a 1-year low of $77.05 and a 1-year high of $104.37. The company’s fifty day moving average price is $97.74 and its 200-day moving average price is $92.22. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.13 and a quick ratio of 0.31.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.10. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.78 billion. Polaris Industries had a net margin of 4.74% and a return on equity of 42.27%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 earnings per share.
Hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its position in Polaris Industries by 17.9% during the third quarter. Stifel Financial Corp now owns 20,428 shares of the company’s stock valued at $1,794,000 after buying an additional 3,098 shares during the period. Millennium Management LLC grew its position in shares of Polaris Industries by 262.4% in the third quarter. Millennium Management LLC now owns 105,055 shares of the company’s stock valued at $9,245,000 after purchasing an additional 76,068 shares during the period. Russell Investments Group Ltd. grew its position in shares of Polaris Industries by 4.9% in the third quarter. Russell Investments Group Ltd. now owns 6,041 shares of the company’s stock valued at $529,000 after purchasing an additional 284 shares during the period. GW&K Investment Management LLC grew its position in shares of Polaris Industries by 22.7% in the third quarter. GW&K Investment Management LLC now owns 318,619 shares of the company’s stock valued at $28,042,000 after purchasing an additional 58,856 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Polaris Industries by 16.9% in the third quarter. California Public Employees Retirement System now owns 134,597 shares of the company’s stock valued at $11,846,000 after purchasing an additional 19,414 shares during the period. Institutional investors own 75.65% of the company’s stock.
In related news, insider Stephen L. Eastman sold 7,500 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $99.08, for a total transaction of $743,100.00. Following the sale, the insider now owns 20,678 shares in the company, valued at $2,048,776.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.90% of the stock is currently owned by company insiders.
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.