Polaris Industries Inc. (PII) Rating Increased to Hold at Zacks Investment Research
Polaris Industries Inc. (NYSE:PII) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Polaris Industries Inc. designs, engineers and manufactures snowmobiles, all terrain vehicles, motorcycles and personal watercraft and markets them, together with related replacement parts, garments and accessories through dealers and distributors. The company’s line of all terrain vehicles consist of fourteen models includes general purpose, sport and four-wheel drive utility models. The company produces a full line of snowmobiles, consisting of thirty-three models, ranging from utility and economy models to performance and competition models. “
Several other brokerages have also recently weighed in on PII. TheStreet cut Polaris Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Longbow Research reissued an “underperform” rating and set a $70.00 price objective on shares of Polaris Industries in a report on Saturday, September 3rd. Wells Fargo & Co. reissued a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 20th. Citigroup Inc. boosted their price objective on Polaris Industries from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Monday, August 29th. Finally, Stephens set a $75.00 price objective on Polaris Industries and gave the stock a “hold” rating in a report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and four have given a buy rating to the company’s stock. Polaris Industries has an average rating of “Hold” and a consensus price target of $83.78.
Polaris Industries (NYSE:PII) opened at 85.27 on Tuesday. The firm has a market capitalization of $5.46 billion, a PE ratio of 21.47 and a beta of 1.23. Polaris Industries has a one year low of $67.80 and a one year high of $107.56. The firm has a 50 day moving average of $78.40 and a 200 day moving average of $84.27.
Polaris Industries (NYSE:PII) last released its quarterly earnings results 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 business earned $1.19 billion during the quarter, compared to analysts’ expectations of $317.71 million. During the same period in the previous year, the business posted $2.30 earnings per share. The firm’s revenue for the quarter was down 18.6% compared to the same quarter last year. Equities analysts forecast that Polaris Industries will post $3.48 EPS for the current year.
The firm also recently disclosed 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 (DPR) is 55.56%.
Several institutional investors have recently bought and sold shares of PII. WFG Advisors LP raised its position 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 period. OLD Mutual Customised Solutions Proprietary Ltd. boosted 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 valued at $123,000 after buying an additional 800 shares during the last quarter. Mosaic Family Wealth LLC boosted its position 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. Investment Counselors of Maryland LLC boosted its position in shares of Polaris Industries by 6.0% in the third quarter. Investment Counselors of Maryland LLC now owns 1,583 shares of the company’s stock valued at $123,000 after buying an additional 90 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC purchased a new position in shares of Polaris Industries during the second quarter valued at approximately $136,000. Institutional investors 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.
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.