Shares of Polaris Industries (NYSE: PII) lost 17.1% last month, according to data provided by S&P Global Market Intelligence. The maker of motorcycles and off-road vehicles has put up solid numbers on the top line lately, but new tariffs on Chinese goods, which went in to effect on May 10, caused investors to hit the sell button last month.
Full Answer
What is the upside for Polaris Corporation's stock?
Their forecasts range from $113.00 to $165.00. On average, they expect Polaris' share price to reach $144.00 in the next twelve months. This suggests a possible upside of 36.1% from the stock's current price. View analysts' price targets for Polaris or view top-rated stocks among Wall Street analysts.
How much of Polaris's stock is owned by insiders?
In the past three months, Polaris insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,234,681.00 in company stock. Only 2.70% of the stock of Polaris is held by insiders. 84.52% of the stock of Polaris is held by institutions.
Is Polaris (Polaris) a good buy on Wall Street?
Polaris has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 6 buy ratings, 4 hold ratings, and 2 sell ratings. According to analysts' consensus price target of $144.00, Polaris has a forecasted upside of 36.1% from its current price of $105.78.
Who is the CEO of Polaris Inc?
208 employees have rated Polaris CEO Scott W. Wine on Glassdoor.com. Scott W. Wine has an approval rating of 82% among Polaris' employees. Who are some of Polaris' key competitors?
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Is Polaris stock a good buy?
Polaris has received a consensus rating of Buy. The company's average rating score is 2.73, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.
Is Polaris doing well?
Polaris has enjoyed strong growth through the pandemic as consumers shifted some buying to goods, and away from services. The $9.3 billion in forecasted 2022 sales compares with 2019 sales of $6.8 billion.
Is Polaris undervalued?
Polaris: A 42% Undervalued Dividend Aristocrat Set For Strong, Long-Term Growth.
Is PII a good buy?
Polaris Inc (NYSE:PII) The 13 analysts offering 12-month price forecasts for Polaris Inc have a median target of 125.00, with a high estimate of 159.00 and a low estimate of 87.00. The median estimate represents a +11.47% increase from the last price of 112.14.
Should I buy or sell Polaris stock right now?
13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Polaris in the last twelve months. There are currently...
What is Polaris' stock price forecast for 2022?
13 equities research analysts have issued 1-year price targets for Polaris' shares. Their forecasts range from $99.00 to $148.00. On average, they...
How has Polaris' stock performed in 2022?
Polaris' stock was trading at $109.91 at the beginning of 2022. Since then, PII stock has decreased by 8.9% and is now trading at $100.14. View th...
Are investors shorting Polaris?
Polaris saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 4,240,000 shares, a decline of 17.2%...
When is Polaris' next earnings date?
Polaris is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022. View our earnings forecast for Polaris .
How were Polaris' earnings last quarter?
Polaris Inc. (NYSE:PII) released its quarterly earnings data on Tuesday, April, 26th. The company reported $1.29 EPS for the quarter, missing analy...
How often does Polaris pay dividends? What is the dividend yield for Polaris?
Polaris declared a quarterly dividend on Thursday, April 28th. Shareholders of record on Wednesday, June 1st will be paid a dividend of $0.64 per s...
Is Polaris a good dividend stock?
Polaris(NYSE:PII) pays an annual dividend of $2.56 per share and currently has a dividend yield of 2.41%. Polaris has been increasing its dividend...
What guidance has Polaris issued on next quarter's earnings?
Polaris updated its FY 2022 earnings guidance on Tuesday, April, 26th. The company provided earnings per share guidance of $10.100-$10.400 for the...
New York Stock Exchange
Designs, engineers and manufactures all terrain vehicles, snowmobiles, and motorcycles and markets them, together with related replacement parts, garments and accessories through dealers and distributors located in the United States, Canada and Europe.
Environmental, Social, and Governance Rating
"B" score indicates good relative ESG performance and an above-average degree of transparency in reporting material ESG data publicly and privately. Scores range from AAA to D.
Business Summary
Designs, engineers and manufactures all terrain vehicles, snowmobiles, and motorcycles and markets them, together with related replacement parts, garments and accessories through dealers and distributors located in the United States, Canada and Europe.
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What happened
Shares of Polaris Industries ( PII -0.06% ) lost 17.1% last month, according to data provided by S&P Global Market Intelligence.
So what
In early May, Polaris CEO Scott Wine told CNBC that the higher tariff would be "catastrophic" for the company. The company had guided for $80 million to $90 million in extra costs this year relating to the 10% tariff previously placed on imports from China. But a 25% tariff would cut the company's net profit by a third, according to Wine.
Now what
Wine explained that the company has options to mitigate the costs, such as moving production to Mexico. However, the Trump administration has recently proposed a 5% tariff on Mexican imports, but that is much less than the tariff on China.
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