Polaris Industries Inc. (NYSE:PII) had its price objective hoisted by BMO Capital Markets from $110.00 to $115.00 in a report published on Friday. They currently have an outperform rating on the stock.
PII has been the subject of a number of other reports. KeyCorp reiterated a sector weight rating on shares of Polaris Industries in a research note on Thursday, August 31st. BidaskClub upgraded shares of Polaris Industries from a hold rating to a buy rating in a research note on Thursday, June 29th. Royal Bank Of Canada reiterated a hold rating and issued a $79.00 price target on shares of Polaris Industries in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of Polaris Industries from a sell rating to a hold rating in a research note on Wednesday, July 12th. Finally, Robert W. Baird reiterated a neutral rating on shares of Polaris Industries in a research note on Sunday, September 3rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $89.31.
Polaris Industries (PII) traded down 0.36% on Friday, reaching $105.87. 1,775,131 shares of the company traded hands. Polaris Industries has a one year low of $71.08 and a one year high of $108.03. The stock’s 50 day moving average price is $93.26 and its 200 day moving average price is $88.38. The company has a market capitalization of $6.62 billion, a PE ratio of 44.28 and a beta of 1.30.
Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities research analysts predict that Polaris Industries will post $4.48 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Wednesday, August 30th. Polaris Industries’s payout ratio is 97.07%.
In other Polaris Industries news, SVP James P. Williams sold 5,250 shares of Polaris Industries 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 transaction, the senior vice president now owns 19,914 shares of the company’s stock, valued at $1,856,781.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott W. Wine purchased 1,293 shares of the stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $88.81 per share, for a total transaction of $114,831.33. Following the acquisition, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at $28,152,770. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company’s stock.
Large investors have recently modified their holdings of the business. Trust Co. of Vermont lifted its holdings in Polaris Industries by 132.0% during the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock valued at $109,000 after purchasing an additional 673 shares in the last quarter. IFP Advisors Inc lifted its holdings in Polaris Industries by 1.0% during the second quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after purchasing an additional 13 shares in the last quarter. Ffcm LLC lifted its holdings in Polaris Industries by 6.4% during the second quarter. Ffcm LLC now owns 1,415 shares of the company’s stock valued at $131,000 after purchasing an additional 85 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Polaris Industries by 20.0% during the first quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the company’s stock valued at $151,000 after purchasing an additional 300 shares in the last quarter. Finally, Mosaic Family Wealth LLC lifted its holdings in Polaris Industries by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock valued at $157,000 after purchasing an additional 115 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.
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.
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