Polaris Industries Inc. (PII) Earns “Hold” Rating from Wells Fargo & Co.
Polaris Industries Inc. (NYSE:PII)‘s stock had its “hold” rating restated by equities researchers at Wells Fargo & Co. in a research report issued on Tuesday.
PII has been the topic of a number of other research reports. Royal Bank Of Canada raised their price target on Polaris Industries from $84.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 21st. Sanford C. Bernstein initiated coverage on Polaris Industries in a research report on Thursday, September 8th. They issued a “market perform” rating and a $87.00 price target on the stock. Zacks Investment Research cut Polaris Industries from a “hold” rating to a “sell” rating in a research report on Thursday, June 23rd. KeyCorp cut Polaris Industries from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 12th. Finally, RBC Capital Markets reiterated a “hold” rating and issued a $88.00 target price on shares of Polaris Industries in a research report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $84.52.
Polaris Industries (NYSE:PII) opened at 72.10 on Tuesday. The firm has a market cap of $4.62 billion, a P/E ratio of 12.45 and a beta of 1.42. The company’s 50-day moving average is $88.12 and its 200 day moving average is $89.89. Polaris Industries has a 12 month low of $67.80 and a 12 month high of $126.36.
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Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Polaris Industries had a return on equity of 40.69% and a net margin of 8.21%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.49 EPS. Equities research analysts expect that Polaris Industries will post $3.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.20 dividend on an annualized basis and a yield of 3.06%. Polaris Industries’s dividend payout ratio (DPR) is 38.19%.
A number of hedge funds have recently modified their holdings of PII. Nomura Holdings Inc. bought a new stake in shares of Polaris Industries during the second quarter worth about $5,186,000. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Polaris Industries by 79.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 73,159 shares of the company’s stock worth $5,981,000 after buying an additional 32,284 shares during the period. Mason Street Advisors LLC bought a new stake in shares of Polaris Industries during the second quarter worth about $2,241,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Polaris Industries by 25.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,106 shares of the company’s stock worth $335,000 after buying an additional 831 shares during the period. Finally, CAPROCK Group Inc. bought a new stake in shares of Polaris Industries during the second quarter worth about $444,000. 88.48% of the stock is currently owned by institutional investors and hedge funds.
About Polaris Industries
Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.
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