Longbow Research reiterated their underperform rating on shares of Polaris Industries Inc. (NYSE:PII) in a research report report published on Monday, July 17th. They currently have a $60.00 target price on the stock.
Other research analysts also recently issued reports about the company. BMO Capital Markets reiterated a buy rating and issued a $100.00 price target on shares of Polaris Industries in a report on Monday, June 5th. BidaskClub upgraded Polaris Industries from a hold rating to a buy rating in a report on Thursday, June 29th. Stifel Nicolaus reissued a hold rating and issued a $82.00 price objective (up previously from $81.00) on shares of Polaris Industries in a research report on Saturday, April 29th. Zacks Investment Research raised Polaris Industries from a strong sell rating to a hold rating in a research report on Saturday, April 15th. Finally, Northcoast Research reissued a hold rating on shares of Polaris Industries in a research report on Monday, March 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $86.87.
Shares of Polaris Industries (NYSE PII) opened at 89.35 on Monday. The company has a 50-day moving average price of $90.63 and a 200 day moving average price of $86.92. Polaris Industries has a 52 week low of $70.14 and a 52 week high of $99.16. The stock has a market capitalization of $5.59 billion, a PE ratio of 37.37 and a beta of 1.31.
Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business posted $1.09 EPS. The business’s revenue was up 20.7% compared to the same quarter last year. Equities analysts forecast that Polaris Industries will post $4.47 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.32 annualized dividend and a dividend yield of 2.60%. Polaris Industries’s dividend payout ratio is presently 97.07%.
In other Polaris Industries 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 transaction of $226,096.00. Following the completion of the sale, the insider now directly owns 20,871 shares in the company, valued at approximately $1,814,942.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.20% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the company. GW&K Investment Management LLC purchased a new stake in Polaris Industries during the first quarter valued at approximately $11,529,000. Sheets Smith Wealth Management purchased a new stake in Polaris Industries during the first quarter valued at approximately $204,000. Raymond James Trust N.A. raised its stake in Polaris Industries by 25.7% in the first quarter. Raymond James Trust N.A. now owns 7,080 shares of the company’s stock valued at $593,000 after buying an additional 1,447 shares during the period. Confluence Investment Management LLC raised its stake in Polaris Industries by 444.9% in the first quarter. Confluence Investment Management LLC now owns 730,568 shares of the company’s stock valued at $61,222,000 after buying an additional 596,497 shares during the period. Finally, CENTRAL TRUST Co raised its stake in Polaris Industries by 0.7% in the first quarter. CENTRAL TRUST Co now owns 3,793 shares of the company’s stock valued at $318,000 after buying an additional 25 shares during the period. Institutional investors own 93.98% of the company’s stock.
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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