Polaris Industries Inc. (NYSE:PII) has received an average rating of “Hold” from the twenty-one brokerages that are currently covering the firm, MarketBeat reports. Thirteen equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $120.14.
Several research analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Polaris Industries from $113.00 to $118.00 and gave the company a “hold” rating in a report on Thursday, May 31st. ValuEngine cut shares of Polaris Industries from a “buy” rating to a “hold” rating in a report on Friday, May 11th. BMO Capital Markets upped their target price on shares of Polaris Industries from $105.00 to $114.00 and gave the company a “buy” rating in a report on Friday, June 1st. Wedbush set a $124.00 target price on shares of Polaris Industries and gave the company a “hold” rating in a report on Thursday, May 31st. Finally, TheStreet raised shares of Polaris Industries from a “c+” rating to a “b” rating in a report on Tuesday, April 24th.
Shares of Polaris Industries traded up $0.39, hitting $122.18, during mid-day trading on Friday, according to MarketBeat. 430,100 shares of the company traded hands, compared to its average volume of 730,186. The company has a quick ratio of 0.41, a current ratio of 1.24 and a debt-to-equity ratio of 0.99. Polaris Industries has a 1 year low of $86.51 and a 1 year high of $137.66. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.24 and a beta of 1.18.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, April 24th. The company reported $1.06 earnings per share for the quarter, beating the 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 firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. analysts expect that Polaris Industries will post 6.48 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.96%. Polaris Industries’s payout ratio is currently 49.48%.
In other Polaris Industries news, CEO Scott W. Wine sold 245,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $118.36, for a total value of $28,998,200.00. Following the completion of the transaction, the chief executive officer now directly owns 357,154 shares in the company, valued at $42,272,747.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP James P. Williams sold 14,750 shares of the company’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $127.80, for a total transaction of $1,885,050.00. Following the completion of the transaction, the senior vice president now owns 20,467 shares of the company’s stock, valued at $2,615,682.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 300,012 shares of company stock valued at $35,932,249. Company insiders own 2.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of PII. Delpha Capital Management LLC bought a new position in shares of Polaris Industries in the fourth quarter worth approximately $120,000. Well Done LLC bought a new position in shares of Polaris Industries in the first quarter worth approximately $128,000. Assetmark Inc. boosted its position in shares of Polaris Industries by 1,097.8% in the fourth quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock worth $134,000 after purchasing an additional 988 shares during the period. Ostrum Asset Management bought a new position in shares of Polaris Industries in the first quarter worth approximately $135,000. Finally, NuWave Investment Management LLC boosted its position in shares of Polaris Industries by 57.9% in the first quarter. NuWave Investment Management LLC now owns 1,566 shares of the company’s stock worth $179,000 after purchasing an additional 574 shares during the period. Institutional investors and hedge funds own 86.42% of the company’s stock.
Polaris Industries Company Profile
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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