Polaris Industries Inc. (NYSE:PII) has been given a consensus recommendation of “Buy” by the sixteen research firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $110.33.
Several research firms have recently weighed in on PII. Wells Fargo & Co restated a “buy” rating on shares of Polaris Industries in a research note on Wednesday, October 23rd. Zacks Investment Research raised shares of Polaris Industries from a “sell” rating to a “hold” rating and set a $113.00 target price for the company in a report on Friday, October 25th. KeyCorp set a $125.00 target price on shares of Polaris Industries and gave the stock a “buy” rating in a report on Tuesday, September 3rd. ValuEngine raised shares of Polaris Industries from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, UBS Group lifted their target price on shares of Polaris Industries from $105.00 to $112.00 and gave the stock a “buy” rating in a report on Monday, October 28th.
Shares of Polaris Industries stock traded up $1.32 during trading on Monday, hitting $102.29. 191,685 shares of the stock were exchanged, compared to its average volume of 724,263. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.36 and a beta of 1.48. The company has a fifty day moving average price of $94.23 and a 200-day moving average price of $89.38. Polaris Industries has a 1-year low of $70.27 and a 1-year high of $104.25. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 1.77.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.10. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.78 billion. Polaris Industries had a net margin of 4.74% and a return on equity of 42.27%. Polaris Industries’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 EPS. Equities research analysts forecast that Polaris Industries will post 6.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, November 29th. Polaris Industries’s payout ratio is 37.20%.
Several hedge funds have recently made changes to their positions in PII. Vanguard Group Inc. boosted its holdings in Polaris Industries by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 6,135,074 shares of the company’s stock valued at $559,703,000 after purchasing an additional 189,995 shares during the period. Wells Fargo & Company MN boosted its holdings in Polaris Industries by 1.6% in the 2nd quarter. Wells Fargo & Company MN now owns 3,159,995 shares of the company’s stock valued at $288,286,000 after purchasing an additional 49,948 shares during the period. Confluence Investment Management LLC boosted its holdings in Polaris Industries by 2.8% in the 3rd quarter. Confluence Investment Management LLC now owns 1,195,225 shares of the company’s stock valued at $105,192,000 after purchasing an additional 32,154 shares during the period. Northern Trust Corp boosted its holdings in Polaris Industries by 1.5% in the 2nd quarter. Northern Trust Corp now owns 554,040 shares of the company’s stock valued at $50,545,000 after purchasing an additional 8,210 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Polaris Industries by 4.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 483,721 shares of the company’s stock valued at $44,130,000 after purchasing an additional 18,391 shares during the period. 76.62% of the stock is owned by institutional investors and hedge funds.
About Polaris Industries
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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