Polaris Industries Inc. (NYSE:PII) Receives Average Rating of “Hold” from Analysts
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%.
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.
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