Shares of Polaris Industries Inc. (NYSE:PII) have received an average rating of “Hold” from the twenty ratings firms that are currently covering the stock, MarketBeat reports. Fourteen equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $116.07.
Several brokerages recently weighed in on PII. Royal Bank of Canada raised Polaris Industries from an “underperform” rating to a “sector perform” rating and set a $127.00 target price for the company in a research note on Monday, January 22nd. Zacks Investment Research downgraded Polaris Industries from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. BMO Capital Markets reaffirmed a “hold” rating and set a $105.00 price target on shares of Polaris Industries in a research note on Wednesday, January 31st. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $144.00 price target (up from $121.00) on shares of Polaris Industries in a research note on Monday, January 29th. Finally, Citigroup cut their price target on Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th.
A number of institutional investors and hedge funds have recently modified their holdings of PII. Calton & Associates Inc. bought a new position in Polaris Industries in the 4th quarter valued at $112,000. Gradient Investments LLC bought a new position in Polaris Industries in the 4th quarter valued at $113,000. Delpha Capital Management LLC bought a new position in Polaris Industries in the 4th quarter valued at $120,000. NuWave Investment Management LLC bought a new position in Polaris Industries in the 4th quarter valued at $123,000. Finally, Assetmark Inc. raised its position in Polaris Industries by 1,097.8% in the 4th quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock valued at $134,000 after purchasing an additional 988 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.
PII stock traded up $1.19 during mid-day trading on Wednesday, hitting $121.12. The company had a trading volume of 305,769 shares, compared to its average volume of 755,027. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 1.11. The firm has a market cap of $7,665.40, a price-to-earnings ratio of 44.89, a P/E/G ratio of 1.32 and a beta of 1.20. Polaris Industries has a twelve month low of $77.91 and a twelve month high of $137.66.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.47. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company posted $0.97 EPS. The business’s revenue was up 17.5% compared to the same quarter last year. equities research analysts forecast that Polaris Industries will post 6.12 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Wednesday, February 28th. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. Polaris Industries’s dividend payout ratio (DPR) is 89.22%.
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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