Shares of Polaris Industries Inc. (NYSE:PII) saw unusually-strong trading volume on Tuesday . Approximately 2,013,899 shares were traded during trading, an increase of 61% from the previous session’s volume of 1,247,305 shares.The stock last traded at $87.10 and had previously closed at $88.51.

Several research analysts recently issued reports on PII shares. Citigroup Inc. raised their target price on Polaris Industries from $89.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, April 4th. Vetr upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $100.25 price target for the company in a report on Monday, April 4th. Royal Bank Of Canada decreased their price target on Polaris Industries from $97.00 to $84.00 and set a “sector perform” rating for the company in a report on Friday, July 1st. TheStreet upgraded Polaris Industries from a “hold” rating to a “buy” rating in a report on Monday, March 28th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Polaris Industries in a report on Monday, June 20th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $95.44.

The company has a market capitalization of $5.63 billion and a price-to-earnings ratio of 14.09. The stock’s 50-day moving average price is $83.75 and its 200-day moving average price is $87.57.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Thursday, April 21st. The company reported $0.71 earnings per share for the quarter, hitting the consensus estimate of $0.71. The business earned $983 million during the quarter, compared to the consensus estimate of $962.44 million. During the same period in the prior year, the firm earned $1.30 earnings per share. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts expect that Polaris Industries Inc. will post $6.26 earnings per share for the current fiscal year.

In other news, Director Kevin M. Farr acquired 2,100 shares of the stock in a transaction dated Monday, May 23rd. The stock was purchased at an average cost of $83.15 per share, with a total value of $174,615.00. Following the completion of the purchase, the director now owns 2,100 shares in the company, valued at approximately $174,615. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David C. Longren sold 21,108 shares of the company’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $99.00, for a total transaction of $2,089,692.00. Following the transaction, the insider now directly owns 21,405 shares of the company’s stock, valued at $2,119,095. The disclosure for this sale can be found here.

Other institutional investors have recently modified their holdings of the company. Morningstar Investment Services LLC increased its position in shares of Polaris Industries by 37.5% in the fourth quarter. Morningstar Investment Services LLC now owns 26,451 shares of the company’s stock valued at $2,273,000 after buying an additional 7,220 shares during the period. Comerica Bank increased its position in shares of Polaris Industries by 5.6% in the fourth quarter. Comerica Bank now owns 50,774 shares of the company’s stock valued at $4,082,000 after buying an additional 2,673 shares during the period. Columbia Wanger Asset Management LLC increased its position in shares of Polaris Industries by 96.2% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 609,572 shares of the company’s stock valued at $52,393,000 after buying an additional 298,822 shares during the period. Investors Capital Advisory Services increased its position in shares of Polaris Industries by 26.0% in the fourth quarter. Investors Capital Advisory Services now owns 13,806 shares of the company’s stock valued at $1,185,000 after buying an additional 2,850 shares during the period. Finally, State of Wisconsin Investment Board increased its position in shares of Polaris Industries by 9.4% in the fourth quarter. State of Wisconsin Investment Board now owns 188,593 shares of the company’s stock valued at $16,210,000 after buying an additional 16,282 shares during the period.

Polaris Industries Inc (Polaris) designs, engineers and manufactures 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.

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