Wedbush reissued their neutral rating on shares of Polaris Industries (NYSE:PII) in a report released on Wednesday, January 3rd, Marketbeat reports. They currently have a $119.00 price objective on the stock, up from their previous price objective of $112.00.

A number of other equities research analysts also recently issued reports on the company. Northcoast Research reissued a hold rating on shares of Polaris Industries in a research report on Tuesday, September 5th. Royal Bank of Canada boosted their price target on Polaris Industries from $81.00 to $91.00 and gave the company an underperform rating in a research report on Wednesday, October 25th. UBS Group reduced their price objective on Polaris Industries from $108.00 to $82.00 and set a neutral rating on the stock in a research note on Friday, September 15th. BMO Capital Markets boosted their price objective on Polaris Industries from $110.00 to $115.00 and gave the stock an outperform rating in a research note on Friday, September 15th. Finally, Stifel Nicolaus restated a hold rating and set a $87.00 price objective on shares of Polaris Industries in a research note on Thursday, September 7th. Seventeen analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $112.00.

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Shares of Polaris Industries (NYSE:PII) opened at $134.24 on Wednesday. Polaris Industries has a 1 year low of $77.91 and a 1 year high of $137.66. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34. The company has a market capitalization of $8,400.00, a price-to-earnings ratio of 42.21, a PEG ratio of 1.53 and a beta of 1.40.

In other news, insider Stephen L. Eastman sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $127.72, for a total transaction of $191,580.00. Following the completion of the transaction, the insider now directly owns 8,846 shares of the company’s stock, valued at $1,129,811.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James P. Williams sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $127.08, for a total value of $2,541,600.00. Following the transaction, the senior vice president now directly owns 22,664 shares of the company’s stock, valued at $2,880,141.12. The disclosure for this sale can be found here. Insiders have sold 21,602 shares of company stock worth $2,741,836 in the last 90 days. 2.20% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of PII. Schwab Charles Investment Management Inc. grew its holdings in Polaris Industries by 6.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 295,540 shares of the company’s stock worth $27,258,000 after buying an additional 18,805 shares in the last quarter. Victory Capital Management Inc. lifted its position in Polaris Industries by 15.4% in the second quarter. Victory Capital Management Inc. now owns 53,721 shares of the company’s stock worth $4,955,000 after purchasing an additional 7,171 shares during the period. Prudential Financial Inc. lifted its position in Polaris Industries by 3.3% in the second quarter. Prudential Financial Inc. now owns 51,415 shares of the company’s stock worth $4,742,000 after purchasing an additional 1,660 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Polaris Industries by 0.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock worth $786,000 after purchasing an additional 35 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Polaris Industries by 4.3% in the second quarter. Principal Financial Group Inc. now owns 244,753 shares of the company’s stock worth $22,574,000 after purchasing an additional 9,997 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

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About Polaris Industries

Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include 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, including Work and Transportation and military vehicles.

Analyst Recommendations for Polaris Industries (NYSE:PII)

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