Shares of Polaris Industries Inc. (NYSE:PII) have received a consensus recommendation of “Hold” from the twenty ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $100.29.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded Polaris Industries from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research report on Friday, September 29th. Royal Bank Of Canada restated a “sell” rating and set a $80.00 target price on shares of Polaris Industries in a research report on Tuesday, October 3rd. BidaskClub upgraded Polaris Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. B. Riley set a $91.00 target price on Polaris Industries and gave the company a “hold” rating in a research report on Monday, October 23rd. Finally, BMO Capital Markets lowered Polaris Industries from an “outperform” rating to a “market perform” rating and set a $115.00 target price for the company. in a research report on Wednesday, October 25th.

Shares of Polaris Industries (NYSE PII) traded down $4.20 during trading hours on Monday, hitting $129.50. The company’s stock had a trading volume of 770,357 shares, compared to its average volume of 813,051. Polaris Industries has a fifty-two week low of $77.91 and a fifty-two week high of $134.66. The stock has a market capitalization of $8,180.00, a price-to-earnings ratio of 29.39, a PEG ratio of 1.84 and a beta of 1.40. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 1.00.

Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.24. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. analysts expect that Polaris Industries will post 4.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.79%. Polaris Industries’s payout ratio is 72.96%.

In other Polaris Industries news, insider Stephen L. Eastman sold 8,500 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $119.25, for a total transaction of $1,013,625.00. Following the completion of the sale, the insider now owns 18,846 shares in the company, valued at $2,247,385.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP James P. Williams sold 20,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.08, for a total value of $2,541,600.00. Following the sale, the senior vice president now owns 22,664 shares of the company’s stock, valued at approximately $2,880,141.12. The disclosure for this sale can be found here. Insiders sold 58,102 shares of company stock valued at $7,174,301 in the last quarter. 2.20% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of PII. Janus Henderson Group PLC lifted its holdings in Polaris Industries by 27,968.2% during the second quarter. Janus Henderson Group PLC now owns 2,411,062 shares of the company’s stock worth $222,372,000 after buying an additional 2,402,472 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Polaris Industries by 12.2% during the second quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock worth $484,822,000 after purchasing an additional 572,461 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Polaris Industries by 6.1% during the second quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock worth $519,037,000 after purchasing an additional 323,616 shares in the last quarter. State Street Corp increased its position in shares of Polaris Industries by 3.8% during the second quarter. State Street Corp now owns 4,377,894 shares of the company’s stock worth $403,763,000 after purchasing an additional 161,055 shares in the last quarter. Finally, Columbus Circle Investors acquired a new position in shares of Polaris Industries during the third quarter worth $13,969,000. Institutional investors own 91.08% of the company’s stock.

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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.

Analyst Recommendations for Polaris Industries (NYSE:PII)

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