Polaris Industries Inc. (PII) Given Average Recommendation of “Hold” by Brokerages
Shares of Polaris Industries Inc. (NYSE:PII) have received a consensus recommendation of “Hold” from the twenty analysts that are covering the firm. One research analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $84.33.
A number of research firms have recently commented on PII. B. Riley reiterated a “neutral” rating and set a $84.00 target price on shares of Polaris Industries in a research report on Monday, May 1st. Stifel Nicolaus reiterated a “hold” rating and set a $82.00 target price (up from $81.00) on shares of Polaris Industries in a research report on Saturday, April 29th. BMO Capital Markets reiterated a “buy” rating and set a $100.00 target price on shares of Polaris Industries in a research report on Thursday, April 27th. Zacks Investment Research upgraded Polaris Industries from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 15th. Finally, Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a research report on Monday, March 27th.
Polaris Industries (NYSE:PII) traded down 0.59% on Tuesday, hitting $86.54. 346,870 shares of the company’s stock traded hands. Polaris Industries has a 12 month low of $70.14 and a 12 month high of $99.00. The stock has a market cap of $5.45 billion, a P/E ratio of 34.34 and a beta of 1.19. The stock has a 50 day moving average price of $84.45 and a 200-day moving average price of $85.27.
Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, April 25th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.11 billion. Polaris Industries had a return on equity of 24.82% and a net margin of 4.71%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. Equities analysts predict that Polaris Industries will post $4.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a $0.58 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $2.32 dividend on an annualized basis and a yield of 2.67%. Polaris Industries’s payout ratio is 67.28%.
In other Polaris Industries news, insider Matthew J. Homan sold 2,600 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total value of $226,096.00. Following the sale, the insider now owns 20,871 shares in the company, valued at $1,814,942.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael T. Speetzen sold 5,000 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $84.07, for a total value of $420,350.00. Following the completion of the sale, the executive vice president now owns 10,333 shares in the company, valued at approximately $868,695.31. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Prudential PLC increased its position in Polaris Industries by 554.0% in the fourth quarter. Prudential PLC now owns 41,200 shares of the company’s stock worth $3,395,000 after buying an additional 34,900 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Polaris Industries by 3.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 177,484 shares of the company’s stock worth $13,744,000 after buying an additional 5,290 shares during the last quarter. Sandy Spring Bank increased its position in Polaris Industries by 2.9% in the third quarter. Sandy Spring Bank now owns 38,156 shares of the company’s stock worth $2,955,000 after buying an additional 1,075 shares during the last quarter. Lau Associates LLC increased its position in Polaris Industries by 0.6% in the first quarter. Lau Associates LLC now owns 12,955 shares of the company’s stock worth $1,086,000 after buying an additional 80 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Polaris Industries by 86.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,367 shares of the company’s stock worth $725,000 after buying an additional 4,352 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors and hedge funds.
About Polaris Industries
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include 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, including Work and Transportation and military vehicles.
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