Polaris Industries Inc. (PII) To Go Ex-Dividend on November 29th
Polaris Industries Inc. (NYSE:PII) announced a quarterly dividend on Thursday, October 27th. Investors of record on Thursday, December 1st will be given a dividend of 0.55 per share on Thursday, December 15th. This represents a $2.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Tuesday, November 29th.
Shares of Polaris Industries (NYSE:PII) opened at 88.72 on Thursday. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 22.34 and a beta of 1.23. Polaris Industries has a 12-month low of $67.80 and a 12-month high of $107.30. The company’s 50-day moving average is $79.82 and its 200-day moving average is $83.97.
Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, October 25th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. Polaris Industries had a net margin of 5.93% and a return on equity of 27.74%. The company earned $1.19 billion during the quarter, compared to analysts’ expectations of $317.71 million. During the same period last year, the company posted $2.30 earnings per share. The business’s revenue for the quarter was down 18.6% on a year-over-year basis. On average, equities analysts forecast that Polaris Industries will post $3.48 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in PII. Capital Research Global Investors acquired a new stake in Polaris Industries during the second quarter worth $94,029,000. American Century Companies Inc. acquired a new stake in Polaris Industries during the second quarter worth $69,813,000. Van ECK Associates Corp increased its stake in Polaris Industries by 32,398.6% in the second quarter. Van ECK Associates Corp now owns 209,616 shares of the company’s stock worth $17,138,000 after buying an additional 208,971 shares in the last quarter. Janus Capital Management LLC increased its stake in Polaris Industries by 8.8% in the second quarter. Janus Capital Management LLC now owns 2,324,829 shares of the company’s stock worth $190,068,000 after buying an additional 187,997 shares in the last quarter. Finally, Credit Suisse AG increased its stake in Polaris Industries by 150.1% in the second quarter. Credit Suisse AG now owns 218,913 shares of the company’s stock worth $17,898,000 after buying an additional 131,385 shares in the last quarter. 91.62% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on PII shares. TheStreet cut shares of Polaris Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Longbow Research restated an “underperform” rating and set a $70.00 price target on shares of Polaris Industries in a report on Saturday, September 3rd. Wells Fargo & Co. restated a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 20th. Citigroup Inc. raised their price target on shares of 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 target on shares of Polaris Industries and gave the stock a “hold” rating in a report on Thursday, September 15th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $83.78.
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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