Polaris Industries Inc. (NYSE:PII) had its price target hoisted by B. Riley from $91.00 to $118.00 in a report released on Wednesday, October 25th. B. Riley currently has a neutral rating on the stock.
A number of other analysts have also weighed in on PII. Stifel Nicolaus raised their price target on shares of Polaris Industries from $82.00 to $86.00 and gave the company a hold rating in a report on Friday, July 14th. Zacks Investment Research raised shares of Polaris Industries from a hold rating to a buy rating and set a $117.00 price objective on the stock in a research note on Friday, September 29th. Robert W. Baird raised their price objective on shares of Polaris Industries from $105.00 to $120.00 and gave the company a neutral rating in a research note on Wednesday, October 25th. Royal Bank Of Canada reaffirmed a sell rating and issued a $80.00 price objective on shares of Polaris Industries in a research note on Tuesday, October 3rd. Finally, BidaskClub raised shares of Polaris Industries from a sell rating to a hold rating in a research note on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $99.27.
Shares of Polaris Industries (NYSE:PII) opened at $120.28 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. The firm has a market cap of $7,465.04, a P/E ratio of 26.23, a PEG ratio of 1.64 and a beta of 1.39. Polaris Industries has a fifty-two week low of $77.91 and a fifty-two week high of $126.85.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.24. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. Polaris Industries’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. equities research analysts forecast that Polaris Industries will post 4.85 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.93%. Polaris Industries’s payout ratio is 73.19%.
In other Polaris Industries news, Director George W. Bilicic purchased 2,833 shares of the stock in a transaction on Friday, August 25th. The shares were purchased at an average cost of $95.18 per share, for a total transaction of $269,644.94. Following the purchase, the director now owns 2,833 shares of the company’s stock, valued at $269,644.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott W. Wine purchased 1,293 shares of the stock in a transaction on Friday, August 18th. The stock was acquired at an average price of $88.81 per share, for a total transaction of $114,831.33. Following the completion of the purchase, the chief executive officer now directly owns 317,000 shares in the company, valued at approximately $28,152,770. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 4,276 shares of company stock worth $396,394 and sold 41,852 shares worth $4,930,631. 2.20% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its stake in shares of Polaris Industries by 132.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock worth $109,000 after purchasing an additional 673 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Polaris Industries by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after purchasing an additional 13 shares during the last quarter. Ffcm LLC increased its stake in shares of Polaris Industries by 6.4% during the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after purchasing an additional 85 shares during the last quarter. Mosaic Family Wealth LLC increased its stake in shares of Polaris Industries by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock worth $157,000 after purchasing an additional 115 shares during the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in shares of Polaris Industries during the 3rd quarter worth about $230,000. Institutional investors own 92.91% of the company’s stock.
About Polaris Industries
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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