Polaris Industries (PII) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Polaris Industries (NYSE:PII) from a buy rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “Polaris Industries Inc. is a global power sports leader that has been fueling the passion of riders, workers and outdoor enthusiasts for years. With annual 2016 sales of $4.5 billion, Polaris’ innovative, high-quality product line-up includes the RANGER, RZR and Polaris GENERAL side-by-side off-road vehicles; the Sportsman and Polaris ACE all-terrain off-road vehicles; Indian Motorcycle midsize and heavyweight motorcycles; Slingshot moto-roadsters; and Polaris RMK, INDY, Switchback and RUSH snowmobiles. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris’ presence in adjacent markets globally includes military and commercial off-road vehicles, quadricycles, and electric vehicles. “

Several other research analysts have also issued reports on the company. Wedbush increased their target price on Polaris Industries from $112.00 to $119.00 and gave the stock a neutral rating in a research report on Wednesday. B. Riley increased their target price on Polaris Industries from $91.00 to $118.00 and gave the stock a neutral rating in a research report on Wednesday, October 25th. Robert W. Baird increased their target price on Polaris Industries from $105.00 to $120.00 and gave the stock a neutral rating in a research report on Wednesday, October 25th. SunTrust Banks reissued a hold rating and issued a $115.00 target price on shares of Polaris Industries in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Finally, Stifel Nicolaus increased their target price on Polaris Industries from $100.00 to $108.00 and gave the stock a hold rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $102.20.

Shares of Polaris Industries (PII) traded down $3.95 during trading hours on Thursday, hitting $125.19. The stock had a trading volume of 676,639 shares, compared to its average volume of 674,719. Polaris Industries has a 12-month low of $77.91 and a 12-month high of $134.66. The company has a market cap of $7,830.00, a price-to-earnings ratio of 39.37, a P/E/G ratio of 1.48 and a beta of 1.40. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34.

Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.24. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the company earned $0.50 EPS. The business’s revenue was up 24.8% compared to the same quarter last year. analysts forecast that Polaris Industries will post 4.85 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Thursday, November 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 72.96%.

In other Polaris Industries news, insider Stephen L. Eastman sold 8,500 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $119.25, for a total transaction of $1,013,625.00. Following the sale, the insider now directly owns 18,846 shares in the company, valued at approximately $2,247,385.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Stacy L. Bogart sold 20,000 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $122.05, for a total value of $2,441,000.00. Following the sale, the senior vice president now owns 30,975 shares in the company, valued at $3,780,498.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,102 shares of company stock valued at $7,174,301. 2.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of PII. Janus Henderson Group PLC boosted its stake in Polaris Industries by 27,968.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,411,062 shares of the company’s stock valued at $222,372,000 after purchasing an additional 2,402,472 shares during the last quarter. The Manufacturers Life Insurance Company boosted 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 during the last quarter. Vanguard Group Inc. boosted its stake in shares of Polaris Industries by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock worth $519,037,000 after buying an additional 323,616 shares during the last quarter. State Street Corp boosted its stake in shares of Polaris Industries by 3.8% in the 2nd quarter. State Street Corp now owns 4,377,894 shares of the company’s stock worth $403,763,000 after buying an additional 161,055 shares during the last quarter. Finally, Columbus Circle Investors purchased a new position in shares of Polaris Industries in the 3rd quarter worth $13,969,000. Institutional investors and hedge funds own 90.90% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.com-unik.info/2018/01/07/polaris-industries-pii-stock-rating-lowered-by-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Polaris Industries (PII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Polaris Industries (NYSE:PII)

Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit