Polaris Industries (NYSE:PII) had its price objective decreased by Royal Bank of Canada to $92.00 in a report issued on Tuesday morning, The Fly reports. Royal Bank of Canada currently has a market perform rating on the stock.
A number of other research analysts have also recently issued reports on PII. ValuEngine cut Viewray from a buy rating to a hold rating in a research note on Wednesday, April 24th. Zacks Investment Research raised HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd. Wells Fargo & Co raised their price objective on Twitter from $33.00 to $40.00 and gave the company a market perform rating in a research note on Wednesday, April 24th. Northcoast Research reaffirmed a neutral rating on shares of Polaris Industries in a research note on Friday, March 29th. Finally, Lake Street Capital raised their price objective on USA Technologies from $4.50 to $7.00 and gave the company a hold rating in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Polaris Industries currently has an average rating of Hold and an average price target of $107.38.
NYSE PII opened at $83.72 on Tuesday. The company’s 50-day moving average price is $87.38. Polaris Industries has a twelve month low of $70.27 and a twelve month high of $125.43. The company has a quick ratio of 0.39, a current ratio of 1.31 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $5.13 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 0.91 and a beta of 1.32.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.16. Polaris Industries had a return on equity of 46.89% and a net margin of 5.22%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $1.08 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. Analysts expect that Polaris Industries will post 6.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.61 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.44 annualized dividend and a dividend yield of 2.91%. Polaris Industries’s payout ratio is presently 37.20%.
In other Polaris Industries news, insider Stephen L. Eastman sold 8,028 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $97.97, for a total value of $786,503.16. Following the completion of the sale, the insider now directly owns 17,706 shares in the company, valued at $1,734,656.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Private Capital Group LLC lifted its holdings in Polaris Industries by 97.6% in the first quarter. Private Capital Group LLC now owns 889 shares of the company’s stock worth $75,000 after buying an additional 439 shares during the period. Marshall Wace North America L.P. purchased a new stake in Polaris Industries in the first quarter worth about $84,000. Claybrook Capital LLC purchased a new stake in Polaris Industries in the fourth quarter worth about $86,000. Squar Milner Financial Services LLC lifted its holdings in Polaris Industries by 33.4% in the first quarter. Squar Milner Financial Services LLC now owns 1,177 shares of the company’s stock worth $99,000 after buying an additional 295 shares during the period. Finally, Columbia Asset Management purchased a new stake in Polaris Industries in the first quarter worth about $112,000. Institutional investors and hedge funds own 78.45% of the company’s stock.
About Polaris Industries
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.
See Also: How accurate is the Rule of 72?
Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.