Polaris Industries Inc. (NYSE:PII)‘s stock had its “hold” rating reaffirmed by equities researchers at Wells Fargo & Co. in a report released on Tuesday.

A number of other analysts also recently issued reports on the stock. B. Riley restated a “neutral” rating and set a $69.00 price objective on shares of Polaris Industries in a report on Sunday. Stephens set a $75.00 price objective on shares of Polaris Industries and gave the stock a “hold” rating in a report on Thursday, September 15th. BMO Capital Markets restated a “hold” rating and set a $70.00 price objective on shares of Polaris Industries in a report on Wednesday, September 14th. Lake Street Capital lifted their target price on shares of Polaris Industries from $85.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $84.00 target price (down previously from $105.00) on shares of Polaris Industries in a research note on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Polaris Industries has a consensus rating of “Hold” and a consensus price target of $84.52.

Analyst Recommendations for Polaris Industries (NYSE:PII)

Polaris Industries (NYSE:PII) opened at 71.99 on Tuesday. Polaris Industries has a 52 week low of $67.80 and a 52 week high of $126.36. The company has a market cap of $4.61 billion, a P/E ratio of 12.43 and a beta of 1.42. The company has a 50-day moving average of $88.12 and a 200 day moving average of $89.89.

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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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Polaris Industries had a net margin of 8.21% and a return on equity of 40.69%. The business earned $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company posted $1.49 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities analysts forecast that Polaris Industries will post $3.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.06%. Polaris Industries’s payout ratio is 38.19%.

Several large investors have recently made changes to their positions in PII. Reliance Trust Co. of Delaware raised its stake in shares of Polaris Industries by 1.1% in the second quarter. Reliance Trust Co. of Delaware now owns 3,682 shares of the company’s stock worth $301,000 after buying an additional 39 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Polaris Industries by 1.6% in the second quarter. CIBC Asset Management Inc now owns 3,796 shares of the company’s stock worth $310,000 after buying an additional 58 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Polaris Industries by 2.4% in the second quarter. Moors & Cabot Inc. now owns 2,536 shares of the company’s stock worth $206,000 after buying an additional 60 shares during the last quarter. Security National Bank of Sioux City Iowa IA raised its stake in shares of Polaris Industries by 1.1% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 5,760 shares of the company’s stock worth $471,000 after buying an additional 60 shares during the last quarter. Finally, WFG Advisors LP raised its stake in shares of Polaris Industries by 7.8% in the second quarter. WFG Advisors LP now owns 1,276 shares of the company’s stock worth $104,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 88.48% of the company’s stock.

Polaris Industries Company Profile

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.

5 Day Chart for NYSE:PII

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