Shares of Polaris Industries Inc. (NYSE:PII) have received a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $110.17.
A number of research analysts have weighed in on PII shares. Zacks Investment Research lowered shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Northcoast Research reissued a “hold” rating on shares of Polaris Industries in a research note on Saturday, October 20th. Royal Bank of Canada cut their price target on shares of Polaris Industries to $96.00 and set a “sector perform” rating for the company in a report on Wednesday, October 17th. Lake Street Capital set a $124.00 price target on shares of Polaris Industries and gave the stock a “buy” rating in a report on Monday, October 22nd. Finally, Wedbush restated a “neutral” rating and set a $98.00 price target (down previously from $109.00) on shares of Polaris Industries in a report on Monday, October 15th.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Polaris Industries by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,215,683 shares of the company’s stock valued at $627,474,000 after purchasing an additional 91,409 shares during the last quarter. BlackRock Inc. increased its holdings in Polaris Industries by 0.4% in the 3rd quarter. BlackRock Inc. now owns 5,778,660 shares of the company’s stock valued at $583,356,000 after purchasing an additional 24,295 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Polaris Industries by 3.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,438,104 shares of the company’s stock valued at $548,977,000 after purchasing an additional 186,125 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Polaris Industries by 1.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,971,943 shares of the company’s stock valued at $300,017,000 after purchasing an additional 43,617 shares during the last quarter. Finally, FMR LLC increased its holdings in Polaris Industries by 0.5% in the 2nd quarter. FMR LLC now owns 1,309,355 shares of the company’s stock valued at $159,977,000 after purchasing an additional 6,500 shares during the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.
PII traded up $2.92 during trading on Monday, reaching $98.03. The company’s stock had a trading volume of 14,847 shares, compared to its average volume of 731,298. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.19 and a quick ratio of 0.40. Polaris Industries has a 1 year low of $84.63 and a 1 year high of $137.66. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 0.97 and a beta of 1.01.
Polaris Industries (NYSE:PII) last released its earnings results on Monday, October 22nd. The company reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.29. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the company posted $1.46 EPS. The business’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that Polaris Industries will post 6.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, November 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.45%. Polaris Industries’s dividend payout ratio is currently 49.48%.
About Polaris Industries
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.
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