Shares of Polaris Industries Inc. (NYSE:PII) have been given a consensus recommendation of “Hold” by the twenty-one analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $85.85.
A number of analysts recently commented on PII shares. Stifel Nicolaus reissued a “hold” rating and set a $87.00 price objective (up previously from $86.00) on shares of Polaris Industries in a report on Monday, July 24th. B. Riley reissued a “neutral” rating and set a $82.00 price objective on shares of Polaris Industries in a report on Friday, April 21st. Zacks Investment Research raised shares of Polaris Industries from a “strong sell” rating to a “hold” rating in a report on Saturday, April 15th. Royal Bank Of Canada restated a “hold” rating and set a $79.00 target price on shares of Polaris Industries in a research report on Friday, June 9th. Finally, Longbow Research restated an “underperform” rating and set a $60.00 target price on shares of Polaris Industries in a research report on Monday, July 17th.
In related news, Director Gwenne A. Henricks acquired 1,200 shares of Polaris Industries stock in a transaction on Friday, May 12th. The shares were purchased at an average cost of $92.27 per share, for a total transaction of $110,724.00. Following the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $110,724. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew J. Homan sold 2,600 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total transaction of $226,096.00. Following the sale, the insider now directly owns 20,871 shares in the company, valued at $1,814,942.16. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of PII. Trust Co. of Vermont boosted its stake in shares of Polaris Industries by 132.0% in the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock worth $109,000 after buying an additional 673 shares during the period. IFP Advisors Inc boosted its stake in shares of Polaris Industries by 1.0% in the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after buying an additional 13 shares during the period. Ffcm LLC boosted its stake in Polaris Industries by 4.3% in the first quarter. Ffcm LLC now owns 1,330 shares of the company’s stock worth $112,000 after buying an additional 55 shares during the period. NEXT Financial Group Inc boosted its stake in Polaris Industries by 1,315.0% in the first quarter. NEXT Financial Group Inc now owns 1,415 shares of the company’s stock worth $121,000 after buying an additional 1,315 shares during the period. Finally, Mosaic Family Wealth LLC boosted its stake in Polaris Industries by 4.1% in the first quarter. Mosaic Family Wealth LLC now owns 1,592 shares of the company’s stock worth $133,000 after buying an additional 63 shares during the period. 93.98% of the stock is currently owned by institutional investors.
Shares of Polaris Industries (NYSE:PII) opened at 88.48 on Friday. Polaris Industries has a 52 week low of $70.14 and a 52 week high of $99.16. The firm’s 50-day moving average price is $90.47 and its 200 day moving average price is $86.85. The stock has a market capitalization of $5.54 billion, a P/E ratio of 37.01 and a beta of 1.31.
Polaris Industries (NYSE:PII) last issued its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 earnings per share. Analysts expect that Polaris Industries will post $4.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.32 annualized dividend and a dividend yield of 2.62%. Polaris Industries’s dividend payout ratio (DPR) is presently 97.07%.
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Polaris Industries Company Profile
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.
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