Polaris Industries Inc. (PII) Now Covered by Jefferies Group
Equities researchers at Jefferies Group assumed coverage on shares of Polaris Industries Inc. (NYSE:PII) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the stock.
Other analysts have also issued research reports about the stock. Longbow Research lowered shares of Polaris Industries from a “neutral” rating to an “underperform” rating and set a $70.00 price objective for the company. in a research note on Friday, June 10th. Wells Fargo & Co. reiterated a “hold” rating on shares of Polaris Industries in a research note on Monday, June 20th. Zacks Investment Research lowered shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Thursday, June 23rd. Lake Street Capital reiterated a “buy” rating and issued a $106.00 price objective (down previously from $121.00) on shares of Polaris Industries in a research note on Wednesday, June 29th. Finally, Royal Bank Of Canada lowered their price objective on shares of Polaris Industries from $97.00 to $84.00 and set a “sector perform” rating for the company in a research note on Friday, July 1st. Two 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 stock. Polaris Industries currently has an average rating of “Hold” and an average price target of $84.52.
Shares of Polaris Industries (NYSE:PII) opened at 75.47 on Friday. The firm has a market cap of $4.84 billion, a PE ratio of 13.03 and a beta of 1.42. Polaris Industries has a 52 week low of $67.80 and a 52 week high of $124.39. The firm has a 50-day moving average of $83.43 and a 200-day moving average of $88.78.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.49 EPS. On average, analysts expect that Polaris Industries will post $3.71 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.20 annualized dividend and a dividend yield of 2.92%. Polaris Industries’s payout ratio is 38.19%.
Hedge funds have recently bought and sold shares of the company. WFG Advisors LP raised its stake in Polaris Industries by 7.8% in the second quarter. WFG Advisors LP now owns 1,276 shares of the company’s stock valued at $104,000 after buying an additional 92 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in 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 valued at $123,000 after buying an additional 800 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new stake in Polaris Industries during the second quarter valued at about $136,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Polaris Industries during the second quarter valued at about $139,000. Finally, Tredje AP fonden raised its stake in Polaris Industries by 436.1% in the second quarter. Tredje AP fonden now owns 1,930 shares of the company’s stock valued at $158,000 after buying an additional 1,570 shares during the last quarter. Hedge funds and other institutional investors own 88.26% 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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