Shares of Polaris Industries Inc. (NYSE:PII) have received a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $85.85.

Several research firms have commented on PII. B. Riley restated a “neutral” rating and issued a $84.00 price target on shares of Polaris Industries in a report on Monday, May 1st. BidaskClub cut Polaris Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Stifel Nicolaus lifted their price target on Polaris Industries from $82.00 to $86.00 and gave the company a “hold” rating in a report on Friday, July 14th. Zacks Investment Research cut Polaris Industries from a “buy” rating to a “hold” rating in a report on Saturday, July 29th. Finally, Robert W. Baird cut Polaris Industries from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $88.00 to $96.00 in a report on Friday, July 21st.

Polaris Industries (NYSE PII) traded down 1.03% on Tuesday, reaching $88.48. 556,932 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $90.47 and a 200-day moving average price of $86.85. The company has a market capitalization of $5.54 billion, a PE ratio of 37.01 and a beta of 1.31. Polaris Industries has a 1-year low of $70.14 and a 1-year high of $99.16.

Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.08 by $0.08. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The firm’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. On average, equities research analysts anticipate that Polaris Industries will post $4.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.62%. The ex-dividend date is Wednesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is presently 97.07%.

COPYRIGHT VIOLATION NOTICE: “Polaris Industries Inc. (NYSE:PII) Receives Average Rating of “Hold” from Analysts” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/08/polaris-industries-inc-nysepii-receives-average-rating-of-hold-from-analysts.html.

In related news, insider Matthew J. Homan sold 2,600 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total transaction of $226,096.00. Following the transaction, the insider now directly owns 20,871 shares of the company’s stock, valued at approximately $1,814,942.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gwenne A. Henricks purchased 1,200 shares of Polaris Industries stock in a transaction that occurred on Friday, May 12th. The shares were bought at an average cost of $92.27 per share, for a total transaction of $110,724.00. Following the completion of the transaction, the director now directly owns 1,200 shares in the company, valued at approximately $110,724. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in PII. BlackRock Inc. raised its position in shares of Polaris Industries by 3,542.9% in the first quarter. BlackRock Inc. now owns 5,359,600 shares of the company’s stock worth $449,135,000 after buying an additional 5,212,474 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Polaris Industries by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,304,020 shares of the company’s stock worth $444,478,000 after buying an additional 184,995 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Polaris Industries by 3.3% in the first quarter. Wells Fargo & Company MN now owns 3,492,115 shares of the company’s stock worth $292,639,000 after buying an additional 111,872 shares during the last quarter. Janus Capital Management LLC raised its position in shares of Polaris Industries by 36.6% in the first quarter. Janus Capital Management LLC now owns 2,344,287 shares of the company’s stock worth $196,447,000 after buying an additional 627,535 shares during the last quarter. Finally, Kiltearn Partners LLP raised its position in shares of Polaris Industries by 356.1% in the first quarter. Kiltearn Partners LLP now owns 1,741,176 shares of the company’s stock worth $145,911,000 after buying an additional 1,359,430 shares during the last quarter. 93.98% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Industries Company Profile

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.

Analyst Recommendations for Polaris Industries (NYSE:PII)

Receive News & Ratings for Polaris Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.