After Today’s Bullish Options Activity, Is Polaris Industries Inc.’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is Polaris Industries Inc.'s Near Term Analysis Positive?

In today’s session Polaris Industries Inc. (PII) registered an unusually high (2,392) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious PII increase. With 2,392 contracts traded and 4114 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: PII161021C00075000 closed last at: $2.6 or 43.5% down. About 118,026 shares traded hands. Polaris Industries Inc. (NYSE:PII) has declined 18.07% since March 3, 2016 and is downtrending. It has underperformed by 26.41% the S&P500.

Analysts await Polaris Industries Inc. (NYSE:PII) to report earnings on October, 19. They expect $2.12 EPS, down 7.83% or $0.18 from last year’s $2.3 per share. PII’s profit will be $138.47M for 8.79 P/E if the $2.12 EPS becomes a reality. After $1.09 actual EPS reported by Polaris Industries Inc. for the previous quarter, Wall Street now forecasts 94.50% EPS growth.

Polaris Industries Inc. (NYSE:PII) Ratings Coverage

Out of 17 analysts covering Polaris Industries (NYSE:PII), 5 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 29% are positive. $159 is the highest target while $69 is the lowest. The $88 average target is 18.03% above today’s ($74.56) stock price. Polaris Industries has been the topic of 43 analyst reports since July 23, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, July 1 report. The rating was maintained by Citigroup with “Buy” on Monday, August 29. As per Friday, June 10, the company rating was downgraded by Longbow. Wells Fargo downgraded the shares of PII in a report on Thursday, October 22 to “Market Perform” rating. RBC Capital Markets maintained Polaris Industries Inc. (NYSE:PII) rating on Thursday, October 22. RBC Capital Markets has “Outperform” rating and $130 price target. As per Tuesday, September 13, the company rating was maintained by Robert W. Baird. On Monday, September 21 the stock rating was maintained by Wunderlich with “Buy”. The firm has “Neutral” rating given on Wednesday, September 9 by Longbow. The firm earned “Neutral” rating on Monday, December 7 by UBS. On Wednesday, January 27 the stock rating was maintained by Stifel Nicolaus with “Buy”.

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.”

Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.24, from 0.97 in 2016Q1. The ratio is positive, as 56 funds sold all Polaris Industries Inc. shares owned while 125 reduced positions. 51 funds bought stakes while 168 increased positions. They now own 55.84 million shares or 2.55% more from 54.46 million shares in 2016Q1.
Alexandria Cap Ltd Liability last reported 49,890 shares in the company. Tortoise Mgmt Ltd has 0% invested in the company for 62 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt last reported 11,568 shares in the company. Motley Fool Wealth Mgmt Ltd Company has 30,801 shares for 0.28% of their US portfolio. Winfield Associates, a Ohio-based fund reported 5 shares. Brandywine Investment Mgmt Ltd Llc last reported 125,348 shares in the company. American State Bank holds 0.01% or 498 shares in its portfolio. State Of Wisconsin Inv Board holds 0.05% of its portfolio in Polaris Industries Inc. (NYSE:PII) for 142,959 shares. Janney Montgomery Scott Llc accumulated 0% or 3,436 shares. Teachers Advsrs last reported 0.01% of its portfolio in the stock. The Massachusetts-based Rhumbline Advisers has invested 0.03% in Polaris Industries Inc. (NYSE:PII). Moreover, Ranger Invest Mgmt L P has 0.01% invested in Polaris Industries Inc. (NYSE:PII) for 2,200 shares. Fort Lp last reported 0.09% of its portfolio in the stock. Canada Pension Plan Invest Board has 0% invested in the company for 3,429 shares. Hilltop Hldg Inc has 0.28% invested in the company for 10,781 shares.

Insider Transactions: Since May 2, 2016, the stock had 1 buying transaction, and 1 sale for $1.92 million net activity. 2,100 shares with value of $174,613 were bought by FARR KEVIN M on Monday, May 23. Shares for $2.09 million were sold by Longren David C. on Monday, May 2.

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 $4.87 billion. The Company’s divisions are ORV/Snowmobiles, Motorcycles and Global Adjacent Markets. It has a 12.93 P/E ratio. These products are sold through dealers and distributors located in the United States, Canada, Western Europe, Australia and Mexico.

PII Company Profile

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 notable recent Polaris Industries Inc. (NYSE:PII) news were published by: Fool.com which released: “Polaris Industries Inc. in 3 Charts” on September 27, 2016, also Fool.com with their article: “Better Buy: Polaris Industries Inc. vs. Arctic Cat” published on September 22, 2016, Fool.com published: “How Cheap Does Polaris Industries Inc Stock Have to Get to Be a Buy?” on September 19, 2016. More interesting news about Polaris Industries Inc. (NYSE:PII) were released by: Prnewswire.com and their article: “SECURITIES NOTICE: Rosen Law Firm Reminds Polaris Industries Inc. Investors of …” published on September 30, 2016 as well as Prnewswire.com‘s news article titled: “Shareholder Class Action Filed Against Polaris Industries, Inc. – PII” with publication date: September 20, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment