PII has been the subject of several other reports. Zacks Investment Research upgraded Polaris Industries from a hold rating to a buy rating and set a $117.00 target price for the company in a research note on Friday, September 29th. KeyCorp restated a hold rating on shares of Polaris Industries in a research note on Wednesday, October 4th. Royal Bank of Canada restated a sell rating and set a $81.00 target price on shares of Polaris Industries in a research note on Friday, October 13th. Northcoast Research restated a neutral rating on shares of Polaris Industries in a research note on Friday, October 6th. Finally, BMO Capital Markets downgraded Polaris Industries from an outperform rating to a market perform rating and set a $115.00 target price for the company. in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $102.20.
Polaris Industries (NYSE PII) opened at $125.19 on Wednesday. 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 has a 52-week low of $77.91 and a 52-week high of $134.66. The company has a market capitalization of $7,830.00, a PE ratio of 39.37, a price-to-earnings-growth ratio of 1.51 and a beta of 1.40.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.22 by $0.24. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. equities research analysts anticipate that Polaris Industries will post 4.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.58 dividend. The ex-dividend date was Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a yield of 1.85%. Polaris Industries’s dividend payout ratio (DPR) is 72.96%.
In related news, SVP James P. Williams sold 20,000 shares of Polaris Industries stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $127.08, for a total value of $2,541,600.00. Following the completion of the transaction, the senior vice president now directly owns 22,664 shares in the company, valued at $2,880,141.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen L. Eastman sold 1,500 shares of Polaris Industries stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $127.72, for a total value of $191,580.00. Following the completion of the transaction, the insider now owns 8,846 shares of the company’s stock, valued at $1,129,811.12. The disclosure for this sale can be found here. Insiders sold 58,102 shares of company stock valued at $7,174,301 over the last quarter. Insiders own 2.20% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Ffcm LLC boosted its stake in Polaris Industries by 6.4% in the second quarter. Ffcm LLC now owns 1,415 shares of the company’s stock valued at $131,000 after acquiring an additional 85 shares during the period. TD Asset Management Inc. acquired a new position in Polaris Industries in the third quarter valued at approximately $222,000. HighPoint Advisor Group LLC acquired a new position in Polaris Industries in the third quarter valued at approximately $230,000. Quantbot Technologies LP acquired a new position in Polaris Industries in the second quarter valued at approximately $243,000. Finally, Commerce Bank boosted its stake in Polaris Industries by 7.4% in the second quarter. Commerce Bank now owns 2,771 shares of the company’s stock valued at $256,000 after acquiring an additional 190 shares during the period. Institutional investors and hedge funds own 90.90% of the company’s stock.
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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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