The stock of Polaris Industries Inc. (NYSE:PII) is a huge mover today! About 921,386 shares traded hands. Polaris Industries Inc. (NYSE:PII) has declined 11.65% since April 8, 2016 and is downtrending. It has underperformed by 17.30% the S&P500.
The move comes after 9 months positive chart setup for the $5.90B company. It was reported on Nov, 10 by Barchart.com. We have $114.06 PT which if reached, will make NYSE:PII worth $1.71B more.
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. Polaris Industries has been the topic of 44 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Polaris Industries Inc. (NYSE:PII) has “Buy” rating given on Tuesday, September 13 by Lake Street. The rating was downgraded by KeyBanc Capital Markets on Monday, September 12 to “Sector Weight”. The stock of Polaris Industries Inc. (NYSE:PII) earned “Neutral” rating by Wedbush on Wednesday, October 26. The firm has “Neutral” rating given on Wednesday, August 31 by Northcoast. As per Thursday, July 21, the company rating was maintained by RBC Capital Markets. As per Thursday, September 3, the company rating was upgraded by RBC Capital Markets. The firm earned “Neutral” rating on Tuesday, September 13 by UBS. The rating was initiated by Lake Street with “Buy” on Tuesday, March 15. The stock of Polaris Industries Inc. (NYSE:PII) has “Buy” rating given on Monday, August 29 by Citigroup. On Friday, June 10 the stock rating was downgraded by Longbow to “Underperform”.
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 increased, 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 Limited Liability Company reported 49,890 shares or 0.73% of all its holdings. The Japan-based Diam has invested 0.03% in Polaris Industries Inc. (NYSE:PII). Bridgeway Cap Inc holds 0.03% or 25,600 shares in its portfolio. The Maryland-based Brown Advisory Inc has invested 0% in Polaris Industries Inc. (NYSE:PII). Thrivent Fincl For Lutherans owns 8,520 shares or 0% of their US portfolio. Riggs Asset Managment Inc last reported 3,800 shares in the company. Schwab Charles Invest Mgmt Inc has invested 0.02% of its portfolio in Polaris Industries Inc. (NYSE:PII). The Tennessee-based First Mercantile Tru has invested 0.05% in Polaris Industries Inc. (NYSE:PII). The Ohio-based Victory Cap Mngmt Inc has invested 0.25% in Polaris Industries Inc. (NYSE:PII). Security Retail Bank Of So Dak holds 0.59% or 5,345 shares in its portfolio. Moreover, Winfield Associate has 0% invested in Polaris Industries Inc. (NYSE:PII) for 5 shares. Bank & Trust Of New York Mellon reported 787,228 shares or 0.02% of all its holdings. Hilltop Holdings has 0.28% invested in the company for 10,781 shares. Qs Invsts has 0% invested in the company for 58 shares. Ls Invest Lc has invested 0.03% of its portfolio in Polaris Industries Inc. (NYSE:PII).
Insider Transactions: Since May 23, 2016, the stock had 1 insider buy, and 0 insider sales for $174,613 net activity. On Monday, May 23 FARR KEVIN M bought $174,613 worth of the stock or 2,100 shares.
More notable recent Polaris Industries Inc. (NYSE:PII) news were published by: Globenewswire.com which released: “STOCK LOSS ALERT: Rosen Law Firm Reminds Polaris Industries Inc. Investors of …” on November 09, 2016, also Fool.com with their article: “Polaris Industries Inc. Loses Ground Due to Recall Costs, Industry Headwinds” published on October 25, 2016, Fool.com published: “Better Buy: Polaris Industries Inc. vs. Harley-Davidson” on October 17, 2016. More interesting news about Polaris Industries Inc. (NYSE:PII) were released by: Businesswire.com and their article: “Polaris Industries Inc. Announces Agreement to Acquire Transamerican Auto Parts” published on October 12, 2016 as well as Businesswire.com‘s news article titled: “EXPANDED CLASS PERIOD: Levi & Korsinsky, LLP Reminds Shareholders of Polaris …” with publication date: November 09, 2016.
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.
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