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Polaris Inc (PII) Is Now En Route to Higher Prices

Polaris Inc (NYSE: PII) is -6.93% lower on its value in year-to-date trading and has touched a low of $82.00 and a high of $138.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PII stock was last observed hovering at around $87.39 in the last trading session, with the day’s gains setting it 0.81%.

Currently trading at $88.20, the stock is -6.23% and -5.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 0.93% at the moment leaves the stock -11.85% off its SMA200. PII registered -19.10% loss for a year compared to 6-month loss of -7.03%.

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The stock witnessed a -6.88% gain in the last 1 month and extending the period to 3 months gives it a -7.59%, and is -1.56% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.74% over the week and 2.53% over the month.

Polaris Inc (PII) has around 18500 employees, a market worth around $4.98B and $8.93B in sales. Current P/E ratio is 10.13 and Fwd P/E is 9.54. Profit margin for the company is 5.63%. Distance from 52-week low is 7.56% and -36.31% from its 52-week high. The company has generated returns on investments over the last 12 months (14.84%).

The EPS is expected to shrink by -13.49% this year.

Polaris Inc (PII) Top Institutional Holders

The shares outstanding are 56.50M, and float is at 52.99M with Short Float at 7.15%.

Polaris Inc (PII) Insider Activity

The most recent transaction is an insider sale by Mack Robert Paul,the company’sCFO, EVP – Finance + Corp Dev. SEC filings show that Mack Robert Paul sold 8,312 shares of the company’s common stock on Aug 07 ’23 at a price of $130.00 per share for a total of $1.08 million. Following the sale, the insider now owns 28356.0 shares.

Polaris Inc disclosed in a document filed with the SEC on Aug 03 ’23 that FARR KEVIN M (Director) sold a total of 3,225 shares of the company’s common stock. The trade occurred on Aug 03 ’23 and was made at $133.28 per share for $0.43 million. Following the transaction, the insider now directly holds 14645.0 shares of the PII stock.

Still, SEC filings show that on Jul 28 ’23, Eastman Stephen L. (President – PG&A + Aftermarket) disposed off 10,000 shares at an average price of $135.82 for $1.36 million. The insider now directly holds 17,800 shares of Polaris Inc (PII).

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