Shares of Polaris Industries Inc. (NYSE:PII) have been assigned a consensus rating of “Hold” from the twenty analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $100.29.
Several research analysts have weighed in on PII shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $87.00 target price (up from $86.00) on shares of Polaris Industries in a research report on Monday, July 24th. Zacks Investment Research lowered Polaris Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Northcoast Research reaffirmed a “hold” rating on shares of Polaris Industries in a research report on Tuesday, September 5th. KeyCorp reiterated a “sector weight” rating on shares of Polaris Industries in a research note on Thursday, August 31st. Finally, Royal Bank Of Canada upped their price target on Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th.
In other Polaris Industries news, CEO Scott W. Wine bought 1,293 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average price of $88.81 per share, for a total transaction of $114,831.33. Following the purchase, the chief executive officer now directly owns 317,000 shares in the company, valued at $28,152,770. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George W. Bilicic bought 2,833 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average price of $95.18 per share, with a total value of $269,644.94. Following the purchase, the director now owns 2,833 shares in the company, valued at $269,644.94. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 4,276 shares of company stock valued at $396,394 and have sold 41,852 shares valued at $4,930,631. 2.20% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC lifted its position in shares of Polaris Industries by 1.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 209,017 shares of the company’s stock worth $21,869,000 after acquiring an additional 2,110 shares during the period. California Public Employees Retirement System lifted its position in shares of Polaris Industries by 5.0% in the 3rd quarter. California Public Employees Retirement System now owns 134,988 shares of the company’s stock worth $14,124,000 after acquiring an additional 6,388 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of Polaris Industries by 1,083.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 39,643 shares of the company’s stock worth $4,148,000 after acquiring an additional 36,294 shares during the period. Janus Henderson Group PLC lifted its position in shares of Polaris Industries by 6.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock worth $267,832,000 after acquiring an additional 148,734 shares during the period. Finally, King Luther Capital Management Corp lifted its position in shares of Polaris Industries by 16.9% in the 3rd quarter. King Luther Capital Management Corp now owns 33,364 shares of the company’s stock worth $3,491,000 after acquiring an additional 4,814 shares during the period. Institutional investors own 92.91% of the company’s stock.
Shares of Polaris Industries (NYSE:PII) traded down $0.34 during mid-day trading on Thursday, reaching $120.56. The company’s stock had a trading volume of 370,900 shares, compared to its average volume of 820,119. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.34 and a current ratio of 1.04. Polaris Industries has a 12 month low of $77.91 and a 12 month high of $126.85. The firm has a market cap of $7,570.00, a price-to-earnings ratio of 26.57, a P/E/G ratio of 1.66 and a beta of 1.39.
Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share 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 company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the prior year, the firm posted $0.50 EPS. The business’s revenue was up 24.8% compared to the same quarter last year. sell-side analysts forecast that Polaris Industries will post 4.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.32 annualized dividend and a yield of 1.92%. Polaris Industries’s payout ratio is 72.96%.
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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