A number of other research analysts have also weighed in on the stock. BMO Capital Markets reissued a hold rating on shares of Polaris Industries in a report on Sunday, July 17th. B. Riley reissued a neutral rating and issued a $98.00 target price on shares of Polaris Industries in a report on Monday, July 25th. Royal Bank Of Canada raised their target price on shares of Polaris Industries from $84.00 to $88.00 and gave the company a sector perform rating in a report on Thursday, July 21st. Longbow Research reissued an underperform rating and issued a $70.00 target price on shares of Polaris Industries in a report on Saturday, September 3rd. Finally, Lake Street Capital raised their target price on shares of Polaris Industries from $85.00 to $106.00 and gave the company a buy rating in a report on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. Polaris Industries currently has an average rating of Hold and a consensus target price of $83.60.
Shares of Polaris Industries (NYSE:PII) traded down 0.60% on Thursday, reaching $75.00. 223,527 shares of the company’s stock traded hands. Polaris Industries has a 12-month low of $67.80 and a 12-month high of $124.39. The firm has a market cap of $4.81 billion, a P/E ratio of 12.95 and a beta of 1.46. The stock has a 50-day moving average of $78.15 and a 200 day moving average of $87.23.
Polaris Industries (NYSE:PII) last released its quarterly earnings data on Wednesday, July 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Polaris Industries had a net margin of 8.21% and a return on equity of 40.69%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 earnings per share. On average, equities research analysts expect that Polaris Industries will post $3.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.55 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $2.20 dividend on an annualized basis and a yield of 2.92%. Polaris Industries’s dividend payout ratio is presently 38.19%.
Institutional investors have recently made changes to their positions in the company. WFG Advisors LP increased its position in shares of Polaris Industries by 7.8% in the second quarter. WFG Advisors LP now owns 1,276 shares of the company’s stock worth $104,000 after buying an additional 92 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Polaris Industries by 114.3% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,500 shares of the company’s stock worth $123,000 after buying an additional 800 shares in the last quarter. Pinkerton Retirement Specialists LLC purchased a new position in shares of Polaris Industries during the second quarter worth approximately $136,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Polaris Industries during the second quarter worth approximately $139,000. Finally, Tredje AP fonden increased its position in shares of Polaris Industries by 436.1% in the second quarter. Tredje AP fonden now owns 1,930 shares of the company’s stock worth $158,000 after buying an additional 1,570 shares in the last quarter. Institutional investors and hedge funds own 88.27% of the company’s stock.
About Polaris Industries
Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.
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