Polaris Industries (NYSE: PII) recently received a number of ratings updates from brokerages and research firms:

  • 10/3/2017 – Polaris Industries had its “sell” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $80.00 price target on the stock.
  • 9/29/2017 – Polaris Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $117.00 price target on the stock. 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. “
  • 9/27/2017 – 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. “
  • 9/22/2017 – Polaris Industries was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $120.00 price target on the stock. 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. “
  • 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.

Polaris Industries Inc. (NYSE:PII) traded up 0.15% during mid-day trading on Tuesday, reaching $106.26. 823,262 shares of the company’s stock were exchanged. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 44.44 and a beta of 1.31. The company has a 50-day moving average of $99.01 and a 200-day moving average of $90.05. Polaris Industries Inc. has a 52-week low of $73.07 and a 52-week high of $108.46.

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

The company 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. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $2.32 annualized dividend and a dividend yield of 2.18%. Polaris Industries’s payout ratio is 97.07%.

In related news, SVP James P. Williams sold 5,250 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $93.24, for a total transaction of $489,510.00. Following the sale, the senior vice president now directly owns 19,914 shares in the company, valued at approximately $1,856,781.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott W. Wine purchased 1,293 shares of the company’s stock in a transaction that occurred on 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 completion of the purchase, the chief executive officer now directly owns 317,000 shares in the company, valued at approximately $28,152,770. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by corporate insiders.

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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