Polaris Industries Inc. (NYSE:PII) has been given a consensus rating of “Hold” by the eighteen research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $106.00.
A number of analysts have recently commented on PII shares. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. BMO Capital Markets dropped their price target on DXC Technology from $88.00 to $70.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 21st. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 485 ($6.34) price target on shares of in a research report on Tuesday, July 9th. TheStreet raised Secureworks from a “d+” rating to a “c-” rating in a research report on Monday, April 22nd. Finally, Goldman Sachs Group set a $131.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Wednesday, April 24th.
Polaris Industries stock traded up $2.71 during trading hours on Tuesday, hitting $86.43. 555,036 shares of the stock traded hands, compared to its average volume of 573,421. The business’s 50-day moving average price is $87.39. The company has a current ratio of 1.31, a quick ratio of 0.39 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $5.28 billion, a P/E ratio of 13.18, a PEG ratio of 0.94 and a beta of 1.32. Polaris Industries has a one year low of $70.27 and a one year high of $125.43.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.16. Polaris Industries had a return on equity of 46.89% and a net margin of 5.22%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm posted $1.08 EPS. The business’s revenue was up 15.3% on a year-over-year basis. On average, equities research analysts predict that Polaris Industries will post 6.12 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.61 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.44 annualized dividend and a yield of 2.82%. Polaris Industries’s dividend payout ratio (DPR) is presently 37.20%.
In related news, insider Stephen L. Eastman sold 8,028 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $97.97, for a total value of $786,503.16. Following the transaction, the insider now directly owns 17,706 shares of the company’s stock, valued at approximately $1,734,656.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its stake in Polaris Industries by 1.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,788,808 shares of the company’s stock valued at $488,749,000 after buying an additional 106,531 shares during the last quarter. BlackRock Inc. raised its stake in Polaris Industries by 0.9% during the 1st quarter. BlackRock Inc. now owns 5,785,774 shares of the company’s stock valued at $488,496,000 after buying an additional 52,706 shares during the last quarter. Wells Fargo & Company MN raised its stake in Polaris Industries by 5.2% during the 1st quarter. Wells Fargo & Company MN now owns 3,110,047 shares of the company’s stock valued at $262,581,000 after buying an additional 153,755 shares during the last quarter. Confluence Investment Management LLC raised its stake in Polaris Industries by 1.4% during the 1st quarter. Confluence Investment Management LLC now owns 1,153,620 shares of the company’s stock valued at $97,400,000 after buying an additional 15,935 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Polaris Industries by 17.5% during the 4th quarter. Bank of New York Mellon Corp now owns 916,348 shares of the company’s stock valued at $70,266,000 after buying an additional 136,702 shares during the last quarter. 78.45% of the stock is currently owned by institutional investors and hedge funds.
Polaris Industries Company Profile
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.
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