A number of firms have modified their ratings and price targets on shares of Polaris Industries (NYSE: PII) recently:

  • 9/18/2017 – Polaris Industries had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $98.00 price target on the stock, up previously from $87.00.
  • 9/15/2017 – Polaris Industries had its price target lowered by analysts at UBS AG from $108.00 to $82.00. They now have a “neutral” rating on the stock.
  • 9/15/2017 – Polaris Industries had its price target raised by analysts at BMO Capital Markets from $110.00 to $115.00. They now have an “outperform” rating on the stock.
  • 9/7/2017 – Polaris Industries had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $87.00 price target on the stock.
  • 9/5/2017 – Polaris Industries had its “hold” rating reaffirmed by analysts at Northcoast Research.
  • 9/3/2017 – Polaris Industries had its “neutral” rating reaffirmed by analysts at Robert W. Baird.
  • 8/31/2017 – Polaris Industries had its “sector weight” rating reaffirmed by analysts at KeyCorp.
  • 8/19/2017 – Polaris Industries was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/17/2017 – Polaris Industries had its “buy” rating reaffirmed by analysts at Aegis. They now have a $107.00 price target on the stock.
  • 8/1/2017 – Polaris Industries was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/29/2017 – Polaris Industries was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Polaris Industries Inc. designs, engineers and manufactures snowmobiles, all terrain vehicles, motorcycles and personal watercraft and markets them, together with related replacement parts, garments and accessories through dealers and distributors. The company’s line of all terrain vehicles consist of fourteen models includes general purpose, sport and four-wheel drive utility models. The company produces a full line of snowmobiles, consisting of thirty-three models, ranging from utility and economy models to performance and competition models. “
  • 7/24/2017 – Polaris Industries had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $87.00 price target on the stock, up previously from $86.00.

Polaris Industries Inc. (NYSE:PII) opened at 106.59 on Wednesday. The company has a market cap of $6.67 billion, a PE ratio of 44.58 and a beta of 1.30. Polaris Industries Inc. has a 12-month low of $72.05 and a 12-month high of $108.24. The stock has a 50 day moving average of $94.27 and a 200 day moving average of $88.72.

Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Thursday, July 20th. The company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 EPS. Equities analysts expect that Polaris Industries Inc. will post $4.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Wednesday, August 30th. Polaris Industries’s dividend payout ratio is presently 97.07%.

In other Polaris Industries news, CEO Scott W. Wine purchased 1,293 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average price of $88.81 per share, for a total transaction of $114,831.33. Following the purchase, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at approximately $28,152,770. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director George W. Bilicic purchased 2,833 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were acquired at an average price of $95.18 per share, for a total transaction of $269,644.94. Following the purchase, the director now directly owns 2,833 shares in the company, valued at $269,644.94. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company’s stock.

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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