Stifel Nicolaus reissued their hold rating on shares of Polaris Industries Inc. (NYSE:PII) in a report issued on Monday morning. They currently have a $98.00 target price on the stock, up from their prior target price of $87.00.
Several other brokerages also recently commented on PII. UBS AG decreased their price objective on shares of Polaris Industries from $108.00 to $82.00 and set a neutral rating on the stock in a research report on Friday, September 15th. BMO Capital Markets raised their price objective on shares of Polaris Industries from $110.00 to $115.00 and gave the company an outperform rating in a research report on Friday, September 15th. Northcoast Research restated a hold rating on shares of Polaris Industries in a research report on Tuesday, September 5th. Robert W. Baird downgraded shares of Polaris Industries from an outperform rating to a neutral rating and raised their price objective for the company from $88.00 to $96.00 in a research report on Friday, July 21st. Finally, Royal Bank Of Canada downgraded shares of Polaris Industries from a sector perform rating to an underperform rating and set a $80.00 price objective on the stock. in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $91.54.
Polaris Industries (NYSE PII) opened at 108.26 on Monday. Polaris Industries has a 52-week low of $72.05 and a 52-week high of $108.35. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 45.28 and a beta of 1.30. The stock’s 50 day moving average is $94.27 and its 200-day moving average is $88.72.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The firm 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 company’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. Equities research analysts anticipate that Polaris Industries will post $4.48 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.16%. Polaris Industries’s payout ratio is currently 97.07%.
In other Polaris Industries news, SVP James P. Williams sold 5,250 shares of Polaris Industries stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $93.24, for a total value of $489,510.00. Following the completion of the transaction, the senior vice president now directly owns 19,914 shares of the company’s stock, valued at approximately $1,856,781.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott W. Wine acquired 1,293 shares of the company’s stock in a transaction on Friday, August 18th. The stock was acquired at an average cost of $88.81 per share, with a total value 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 $28,152,770. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company’s stock.
Several large investors have recently modified their holdings of PII. BlackRock Inc. grew its stake in shares of Polaris Industries by 3,542.9% in the 1st quarter. BlackRock Inc. now owns 5,359,600 shares of the company’s stock worth $449,135,000 after buying an additional 5,212,474 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Polaris Industries by 27,968.2% in the 2nd quarter. Janus Henderson Group PLC now owns 2,411,062 shares of the company’s stock worth $222,372,000 after buying an additional 2,402,472 shares in the last quarter. Kiltearn Partners LLP grew its stake in shares of Polaris Industries by 356.1% in the 1st quarter. Kiltearn Partners LLP now owns 1,741,176 shares of the company’s stock worth $145,911,000 after buying an additional 1,359,430 shares in the last quarter. Janus Capital Management LLC grew its stake in shares of Polaris Industries by 36.6% in the 1st quarter. Janus Capital Management LLC now owns 2,344,287 shares of the company’s stock worth $196,447,000 after buying an additional 627,535 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Polaris Industries by 12.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $484,822,000 after buying an additional 572,461 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.
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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