Jefferies Group reissued their hold rating on shares of Polaris Industries Inc. (NYSE:PII) in a report released on Wednesday.

Other equities research analysts have also issued reports about the company. B. Riley reaffirmed a neutral rating and set a $69.00 target price on shares of Polaris Industries in a research report on Sunday, September 18th. Lake Street Capital boosted their price target on Polaris Industries from $85.00 to $106.00 and gave the stock a buy rating in a research report on Tuesday, September 13th. Wedbush reduced their price target on Polaris Industries from $88.00 to $77.00 and set a neutral rating for the company in a research report on Tuesday, September 13th. Wells Fargo & Co. reissued a hold rating on shares of Polaris Industries in a research report on Tuesday, September 20th. Finally, RBC Capital Markets set a $88.00 price target on Polaris Industries and gave the stock a hold rating in a research report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and four have assigned a buy rating to the company. Polaris Industries currently has an average rating of Hold and an average target price of $83.78.

Analyst Recommendations for Polaris Industries (NYSE:PII)

Polaris Industries (NYSE:PII) traded up 0.790% during midday trading on Wednesday, hitting $85.944. The company had a trading volume of 258,232 shares. The stock has a market capitalization of $5.51 billion, a PE ratio of 21.643 and a beta of 1.23. Polaris Industries has a 52 week low of $67.80 and a 52 week high of $107.56. The stock has a 50 day moving average price of $78.40 and a 200-day moving average price of $84.27.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.04. Polaris Industries had a return on equity of 27.74% and a net margin of 5.93%. The company earned $1.19 billion during the quarter, compared to analysts’ expectations of $317.71 million. During the same quarter in the previous year, the business earned $2.30 EPS. Polaris Industries’s revenue was down 18.6% compared to the same quarter last year. On average, equities analysts predict that Polaris Industries will post $3.48 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.20 annualized dividend and a dividend yield of 2.58%. Polaris Industries’s dividend payout ratio is currently 55.56%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC boosted its stake in shares of Polaris Industries by 11.9% in the third quarter. Mosaic Family Wealth LLC now owns 1,529 shares of the company’s stock valued at $118,000 after buying an additional 162 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Polaris Industries by 232.1% in the third quarter. Ameritas Investment Partners Inc. now owns 31,562 shares of the company’s stock valued at $2,444,000 after buying an additional 22,059 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of Polaris Industries by 116.8% in the third quarter. Verition Fund Management LLC now owns 37,984 shares of the company’s stock valued at $2,941,000 after buying an additional 20,464 shares during the last quarter. Cetera Advisor Networks LLC boosted its stake in shares of Polaris Industries by 67.2% in the third quarter. Cetera Advisor Networks LLC now owns 8,272 shares of the company’s stock valued at $641,000 after buying an additional 3,325 shares during the last quarter. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Polaris Industries during the third quarter valued at about $973,000. Institutional investors and hedge funds own 89.42% 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.

5 Day Chart for NYSE:PII

Receive News & Stock Ratings for Polaris Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries Inc. and related stocks with our FREE daily email newsletter.