ValuEngine upgraded shares of Polaris Industries (NYSE:PII) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.
Other analysts have also recently issued reports about the stock. Stephens set a $133.00 target price on shares of Polaris Industries and gave the stock a hold rating in a research note on Friday, January 19th. Wells Fargo upgraded shares of Polaris Industries from a market perform rating to an outperform rating in a research note on Tuesday, February 6th. Citigroup lowered their target price on shares of Polaris Industries from $136.00 to $129.00 and set a buy rating on the stock in a research note on Tuesday, February 6th. Sanford C. Bernstein reissued a market perform rating and issued a $144.00 price target (up previously from $121.00) on shares of Polaris Industries in a report on Monday, January 29th. Finally, B. Riley reissued a hold rating and issued a $118.00 price target on shares of Polaris Industries in a report on Wednesday, January 31st. Fifteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $112.88.
Polaris Industries opened at $112.52 on Thursday, according to MarketBeat. Polaris Industries has a 1 year low of $82.77 and a 1 year high of $137.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 1.24. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 1.22 and a beta of 1.19.
Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, April 24th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.19. Polaris Industries had a net margin of 4.15% and a return on equity of 36.32%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. research analysts forecast that Polaris Industries will post 6.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, May 31st. Polaris Industries’s payout ratio is 49.48%.
Several hedge funds have recently added to or reduced their stakes in PII. Pennsylvania Trust Co grew its holdings in shares of Polaris Industries by 2.1% during the 4th quarter. Pennsylvania Trust Co now owns 25,095 shares of the company’s stock valued at $3,112,000 after purchasing an additional 525 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Polaris Industries by 13.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 349,457 shares of the company’s stock valued at $43,330,000 after purchasing an additional 42,094 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Polaris Industries during the 4th quarter valued at $533,000. GW&K Investment Management LLC grew its holdings in shares of Polaris Industries by 0.5% during the 4th quarter. GW&K Investment Management LLC now owns 173,820 shares of the company’s stock valued at $21,552,000 after purchasing an additional 924 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Polaris Industries during the 4th quarter valued at $1,201,000. 85.22% of the stock is currently owned by institutional investors.
About Polaris Industries
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.
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