The stock of Polaris Industries Inc. (NYSE:PII) is a huge mover today! About 367,452 shares traded hands. Polaris Industries Inc. (NYSE:PII) has declined 11.88% since April 28, 2016 and is downtrending. It has underperformed by 17.81% the S&P500.
The move comes after 6 months positive chart setup for the $5.81 billion company. It was reported on Dec, 1 by Barchart.com. We have $98.71 PT which if reached, will make NYSE:PII worth $522.90M more.
Analysts await Polaris Industries Inc. (NYSE:PII) to report earnings on January, 24. They expect $1.19 earnings per share, down 28.31% or $0.47 from last year’s $1.66 per share. PII’s profit will be $76.35 million for 19.03 P/E if the $1.19 EPS becomes a reality. After $0.50 actual earnings per share reported by Polaris Industries Inc. for the previous quarter, Wall Street now forecasts 138.00% 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. Polaris Industries has been the topic of 45 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was downgraded by CL King to “Neutral” on Thursday, December 17. UBS maintained the stock with “Neutral” rating in Friday, December 18 report. RBC Capital Markets maintained Polaris Industries Inc. (NYSE:PII) rating on Friday, July 1. RBC Capital Markets has “Sector Perform” rating and $84 price target. Citigroup maintained Polaris Industries Inc. (NYSE:PII) rating on Monday, April 4. Citigroup has “Buy” rating and $116 price target. The company was maintained on Wednesday, October 26 by Wedbush. The stock of Polaris Industries Inc. (NYSE:PII) earned “Market Perform” rating by Wells Fargo on Thursday, October 22. The company was downgraded on Friday, December 4 by Longbow. Longbow upgraded the stock to “Neutral” rating in Wednesday, December 23 report. Northcoast downgraded Polaris Industries Inc. (NYSE:PII) on Wednesday, August 31 to “Neutral” rating. As per Tuesday, September 13, the company rating was maintained by UBS.
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 decreased to 1.06 in Q2 2016. Its down 0.15, from 1.21 in 2016Q1. The ratio dived, 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.
Macquarie reported 1,400 shares or 0% of all its holdings. Landscape Cap Mgmt Limited Liability accumulated 0.11% or 10,251 shares. Brown Brothers Harriman Company holds 152 shares or 0% of its portfolio. Duncker Streett And Co Incorporated last reported 0.32% of its portfolio in the stock. Tokio Marine Asset Mgmt Communication Ltd last reported 0.03% of its portfolio in the stock. Kornitzer Capital Mgmt Ks holds 0.32% or 217,212 shares in its portfolio. Teachers Retirement System Of The State Of Kentucky accumulated 15,500 shares or 0.02% of the stock. Moreover, Weaver C Barksdale And Assoc has 0.04% invested in Polaris Industries Inc. (NYSE:PII) for 253 shares. Royal London Asset Ltd holds 0.03% of its portfolio in Polaris Industries Inc. (NYSE:PII) for 21,006 shares. Alphamark Advsrs Lc owns 145 shares or 0.01% of their US portfolio. Us Bank & Trust De accumulated 65,751 shares or 0.02% of the stock. The Maryland-based Brown Capital Mgmt Limited Liability Company has invested 0.06% in Polaris Industries Inc. (NYSE:PII). Gateway Inv Advisers Lc accumulated 85,879 shares or 0.06% of the stock. Wells Fargo And Com Mn accumulated 2.98 million shares or 0.09% of the stock. Mastrapasqua Asset Inc reported 9,555 shares or 0.2% of all its holdings.
Insider Transactions: Since November 11, 2016, the stock had 0 buys, and 1 sale for $178,918 net activity. $178,918 worth of Polaris Industries Inc. (NYSE:PII) was sold by Dougherty Michael D..
More news for Polaris Industries Inc. (NYSE:PII) were recently published by: Fool.com, which released: “Better Buy: Polaris Industries Inc. vs. Harley-Davidson Inc.” on November 29, 2016. Businesswire.com‘s article titled: “Polaris Industries Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe …” and published on November 11, 2016 is yet another important article.
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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