The stock is trading at $118.43 barely above $107.67, the stock’s 50 day moving average and which is impressively higher than the 200 day moving average of $93.86. The 50 day moving average went up by +9.99% and the 200 day average was up $24.57. Trading volume for Polaris Industries Inc. was 1,498K by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 35.32% over the normal average daily volume.
Investors are more bullish recently as inferred by the change in short interest. The company recorded a fall in short interest between September 29, 2017 and October 13, 2017 of -4.12%. Short interest fell 496,760 over that period. The short-interest ratio increased to 18.0 and the percentage of shorted shares is 0.18% as of October 13.
There has been some buying insider activity on Polaris Industries Inc. (NYSE:PII) recently. George W. Bilicic, Director disclosed the purchase of 2,833 shares. The shares were bought on August 25th for an average price of $95.18. The Director now owns $269,645 of the stock according to the SEC filing. Scott W. Wine, CEO reported the purchase of 1,293 shares of (PII). The shares were purchased at an average price of $88.81. Wine now owns $28,152,770 of the stock per the Form 4 SEC filing.
These firms have modified their investment in PII. As of the end of the quarter Aperio Group, LLC had disposed of a total of 154 shares trimming its position 0.9%. The value of the investment in PII went from $1,606,000 to $1,806,000 a change of 12.5% quarter to quarter. As of quarter end Raymond James Financial Services Advisors, Inc. had sold 5,712 shares trimming its stake by 10.7%. The value of the investment in Polaris Industries Inc. increased from $4,922,000 to $4,986,000 a change of $64,000 for the reporting period.
As of quarter end Hendershot Investments Inc. had disposed of a total of 135 shares trimming its holdings by 0.4%. The value of the total investment in Polaris Industries Inc. went from $2,804,000 to $3,167,000 increasing 12.9% quarter over quarter. Goelzer Investment Management, Inc. trimmed its holdings by shedding 143 shares a decrease of 0.3% from 06/30/2017 to 09/30/2017. Goelzer Investment Management, Inc. now holds 49,686 shares worth $5,199,000. The total value of its holdings increased 13.1%.
On July 21 the stock rating was downgraded to “Neutral” from “Sector Weight” in an announcement from Baird. On July 21 the company was downgraded from “Sector Perform” to “Underperform” by analysts at RBC Capital.
September 15 investment analysts at BMO Capital kept the company rating at “Outperform” but moved up the price target to $115.00 from $80.00. On October 25 the company was downgraded to “Market Perform” from “Outperform” and a price target of $115.00 was set in a statement from BMO Capital.
On October 25 Stifel Nicolaus made no change to the stock rating of “Market Perform” and raised the price expectation from $100.00 to $115.00. On October 25, 2017 BMO Capital made no change to the price objective of $115.00 but downgraded the stock from Outperform to Market Perform.
The company is trading up by 1.01% percent from yesterday’s close. The company declared a dividend payable on Friday December 15th, 2017. The dividend payment will be $0.580 per share for the quarter or $2.32 on an annualized basis. The dividend yield will be $1.95. The ex-dividend date is as of Wednesday August 30th, 2017.
The company currently has a P/E ratio of 49.53 and the market cap of the company is 7.41B. In the latest earnings report the EPS was $2.39 and is expected to be $4.84 for the current year with 62,558,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.97 and the next full year EPS is projected to be $5.68.
Polaris Industries Inc., launched on September 23, 1994, 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. The Business’s segments include ORV/Snowmobiles, Motorcycles, Global Adjacent Markets and Other. The Business’s products, together with related Parts, Garments and Accessories (PG&A), as well as aftermarket accessories and apparel are sold through dealers and distributors located in the United States, Canada, Western Europe, Australia and Mexico. The Other segment includes business of TAP Automotive Holdings, LLC (Transamerican Auto Parts or TAP), a manufacturer, distributor, retailer and installer of off-road Jeep and truck accessories. TAP offers aftermarket parts and accessories for light trucks, Jeeps, sport-utility vehicles and other four-wheel drive vehicles. The brands owned by TAP include Pro Comp, Smittybilt, Rubicon Express, Poison Spyder, Trail Master, LRG and G2 Axle & Gear..