November 28, 2016 - By Marguerite Chambers · 0 Comments
Polaris Industries Inc (NYSE:PII) institutional sentiment decreased to 1.06 in Q2 2016. Its down -0.15, from 1.21 in 2016Q1. The ratio turned negative, as 219 investment professionals started new or increased stock positions, while 181 cut down and sold their stock positions in Polaris Industries Inc. The investment professionals in our partner’s database reported: 55.84 million shares, up from 54.46 million shares in 2016Q1. Also, the number of investment professionals holding Polaris Industries Inc in their top 10 stock positions decreased from 4 to 3 for a decrease of 1. Sold All: 56 Reduced: 125 Increased: 168 New Position: 51.
Polaris Industries Inc. designs, engineers and makes 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, together with the related parts, garments and accessories. The company has a market cap of $5.76 billion. The Company’s divisions are ORV/Snowmobiles, Motorcycles and Global Adjacent Markets. It has a 22.57 P/E ratio. These products are sold through dealers and distributors located in the United States, Canada, Western Europe, Australia and Mexico.
The stock increased 0.71% or $0.63 on November 25, hitting $89.35. Polaris Industries Inc. (NYSE:PII) has declined 11.45% since April 25, 2016 and is downtrending. It has underperformed by 17.46% the S&P500.
Analysts await Polaris Industries Inc. (NYSE:PII) to report earnings on January, 24. They expect $1.19 EPS, down 28.31% or $0.47 from last year’s $1.66 per share. PII’s profit will be $76.71 million for 18.77 P/E if the $1.19 EPS becomes a reality. After $0.50 actual EPS reported by Polaris Industries Inc. for the previous quarter, Wall Street now forecasts 138.00% EPS growth.
According to Zacks Investment Research, “Polaris Industries Inc. designs, engineers and manufactures snowmobiles, all terrain vehicles, motorcycles and personal watercraft and markets them, together with related replacement parts, garments and accessories through dealers and distributors. The company’s line of all terrain vehicles consist of fourteen models includes general purpose, sport and four-wheel drive utility models. The company produces a full line of snowmobiles, consisting of thirty-three models, ranging from utility and economy models to performance and competition models.”
Matthew 25 Management Corp holds 8.29% of its portfolio in Polaris Industries Inc. for 361,500 shares. Southernsun Asset Management Llc owns 2.66 million shares or 5.7% of their US portfolio. Moreover, Raub Brock Capital Management Lp has 3.32% invested in the company for 135,358 shares. The Minnesota-based Nepsis Capital Management Inc. has invested 2.91% in the stock. Schwartz Investment Counsel Inc, a Michigan-based fund reported 447,800 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 sale for $178,918 net activity.
Ratings analysis reveals 29% of Polaris Industries’s analysts are positive. Out of 17 Wall Street analysts rating Polaris Industries, 5 give it “Buy”, 1 “Sell” rating, while 11 recommend “Hold”. The lowest target is $69 while the high is $159. The stock’s average target of $87.54 is -2.03% below today’s ($89.35) share price. PII was included in 45 notes of analysts from July 23, 2015. The firm earned “Buy” rating on Monday, October 12 by Northcoast. The company was downgraded on Wednesday, August 31 by Northcoast. RBC Capital Markets maintained Polaris Industries Inc. (NYSE:PII) on Wednesday, January 27 with “Outperform” rating. Wunderlich maintained Polaris Industries Inc. (NYSE:PII) rating on Monday, November 16. Wunderlich has “Buy” rating and $140 price target. The rating was initiated by Jefferies on Friday, September 30 with “Hold”. The firm has “Sector Perform” rating given on Tuesday, September 13 by RBC Capital Markets. As per Monday, September 21, the company rating was maintained by Wunderlich. The firm has “Neutral” rating by UBS given on Tuesday, September 13. Wedbush downgraded Polaris Industries Inc. (NYSE:PII) rating on Tuesday, November 17. Wedbush has “Neutral” rating and $117 price target. Citigroup maintained the shares of PII in a report on Monday, August 29 with “Buy” rating.
Polaris Industries Inc. (Polaris), incorporated on September 23, 1994, designs, engineers and makes 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, together with the related parts, garments and accessories (PG&A). The Company’s divisions are ORV/Snowmobiles, Motorcycles and Global Adjacent Markets. These products are sold through dealers and distributors located in the United States, Canada, Western Europe, Australia and Mexico. The Firm sells its clothing and accessories through its e-commerce Websites polaris.com, indianmotorcycle.com, klim.com, kolpin.com, cyclecountry.com, proarmor.com, timbersled.com, hammerheadoffroad.com and 509films.com.
More news for Polaris Industries Inc. (NYSE:PII) were recently published by: Businesswire.com, which released: “Polaris Industries Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe …” on November 11, 2016. Globenewswire.com‘s article titled: “STOCK LOSS ALERT: Rosen Law Firm Reminds Polaris Industries Inc. Investors of …” and published on November 09, 2016 is yet another important article.
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By Marguerite Chambers