Shares of Polaris Industries Inc. (NYSE:PII) have been given an average rating of “Hold” by the twenty ratings firms that are presently covering the stock, Marketbeat.com reports. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $116.07.
Several research firms recently weighed in on PII. Wells Fargo raised shares of Polaris Industries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 6th. Citigroup decreased their price objective on shares of Polaris Industries from $136.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Zacks Investment Research upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research note on Friday, February 2nd. B. Riley restated a “hold” rating and set a $118.00 price objective on shares of Polaris Industries in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada upgraded shares of Polaris Industries to a “sector perform” rating and set a $113.00 target price for the company in a research note on Wednesday, January 31st. They noted that the move was a valuation call.
Institutional investors and hedge funds have recently made changes to their positions in the company. Calton & Associates Inc. acquired a new stake in Polaris Industries in the fourth quarter valued at $112,000. Gradient Investments LLC purchased a new stake in Polaris Industries during the 4th quarter worth about $113,000. Delpha Capital Management LLC purchased a new stake in Polaris Industries during the 4th quarter worth about $120,000. NuWave Investment Management LLC purchased a new stake in Polaris Industries in the 4th quarter valued at about $123,000. Finally, Assetmark Inc. grew its holdings in Polaris Industries by 1,097.8% in the 4th quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock valued at $134,000 after buying an additional 988 shares during the period. Institutional investors and hedge funds own 85.16% of the company’s stock.
Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.47. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. Polaris Industries’s quarterly revenue was up 17.5% on a year-over-year basis. equities analysts anticipate that Polaris Industries will post 6.12 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a $0.60 dividend. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Wednesday, February 28th. Polaris Industries’s dividend payout ratio is currently 89.22%.
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Polaris Industries Company Profile
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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