Polaris Industries Inc. (NYSE:PII) has received an average recommendation of “Hold” from the twenty-one research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $85.85.
A number of research firms have weighed in on PII. Royal Bank Of Canada downgraded Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 price target on the stock. in a research report on Friday, July 21st. Robert W. Baird downgraded Polaris Industries from an “outperform” rating to a “neutral” rating and raised their price target for the company from $88.00 to $96.00 in a research report on Friday, July 21st. Lake Street Capital raised their price target on Polaris Industries from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, July 21st. B. Riley restated a “neutral” rating and set a $91.00 price target on shares of Polaris Industries in a research report on Friday, July 21st. Finally, TheStreet upgraded Polaris Industries from a “c” rating to a “b-” rating in a research report on Thursday, July 20th.
Shares of Polaris Industries (NYSE PII) opened at 89.35 on Friday. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 37.37 and a beta of 1.31. Polaris Industries has a 12 month low of $70.14 and a 12 month high of $99.16. The company’s 50-day moving average price is $90.63 and its 200-day moving average price is $86.92.
Polaris Industries (NYSE:PII) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a return on equity of 29.46% and a net margin of 4.55%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the business posted $1.09 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. Analysts anticipate that Polaris Industries will post $4.47 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.60%. Polaris Industries’s dividend payout ratio is currently 97.07%.
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In other news, insider Matthew J. Homan sold 2,600 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total value of $226,096.00. Following the sale, the insider now directly owns 20,871 shares of the company’s stock, valued at approximately $1,814,942.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Bancorpsouth Inc. raised its position in shares of Polaris Industries by 13.0% in the second quarter. Bancorpsouth Inc. now owns 3,287 shares of the company’s stock worth $303,000 after buying an additional 377 shares during the last quarter. Global Endowment Management LP raised its position in shares of Polaris Industries by 3.7% in the second quarter. Global Endowment Management LP now owns 36,900 shares of the company’s stock worth $3,403,000 after buying an additional 1,300 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Polaris Industries by 28.7% in the second quarter. Dimensional Fund Advisors LP now owns 535,963 shares of the company’s stock worth $49,432,000 after buying an additional 119,645 shares during the last quarter. TLP Group LLC raised its position in shares of Polaris Industries by 1.7% in the second quarter. TLP Group LLC now owns 4,475 shares of the company’s stock worth $413,000 after buying an additional 75 shares during the last quarter. Finally, Suntrust Banks Inc. raised its position in shares of Polaris Industries by 14.3% in the second quarter. Suntrust Banks Inc. now owns 9,064 shares of the company’s stock worth $835,000 after buying an additional 1,137 shares during the last quarter. 93.98% of the stock is currently owned by hedge funds and other institutional investors.
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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