KeyCorp restated their sector weight rating on shares of Polaris Industries Inc. (NYSE:PII) in a report published on Thursday.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird cut Polaris Industries from an outperform rating to a neutral rating and upped their target price for the stock from $88.00 to $96.00 in a report on Friday, July 21st. B. Riley reiterated a neutral rating and issued a $91.00 target price on shares of Polaris Industries in a report on Friday, July 21st. Royal Bank Of Canada cut Polaris Industries from a sector perform rating to an underperform rating and set a $80.00 target price for the company. in a report on Friday, July 21st. Lake Street Capital upped their target price on Polaris Industries from $102.00 to $106.00 and gave the stock a buy rating in a report on Friday, July 21st. Finally, TheStreet upgraded Polaris Industries from a c rating to a b- rating in a report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. Polaris Industries currently has an average rating of Hold and a consensus target price of $86.87.

Polaris Industries (NYSE:PII) traded up 2.07% during trading on Thursday, reaching $95.16. The company’s stock had a trading volume of 333,496 shares. Polaris Industries has a 12-month low of $70.14 and a 12-month high of $99.16. The company has a market capitalization of $5.95 billion, a P/E ratio of 39.80 and a beta of 1.31. The firm’s 50-day moving average price is $91.18 and its 200 day moving average price is $87.49.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business earned $1.09 EPS. Polaris Industries’s revenue was up 20.7% compared to the same quarter last year. On average, analysts predict that Polaris Industries will post $4.48 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is currently 97.07%.

In related news, Director George W. Bilicic acquired 2,833 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average cost of $95.18 per share, for a total transaction of $269,644.94. Following the purchase, the director now directly owns 2,833 shares of the company’s stock, valued at approximately $269,644.94. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott W. Wine acquired 1,293 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average price of $88.81 per share, with a total value of $114,831.33. Following the completion of the purchase, the chief executive officer now directly owns 317,000 shares in the company, valued at $28,152,770. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in PII. Gs Investments Inc. acquired a new position in shares of Polaris Industries during the second quarter valued at about $396,000. Advisory Services Network LLC raised its position in shares of Polaris Industries by 7.0% in the second quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock valued at $272,000 after buying an additional 193 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Polaris Industries by 3.7% in the second quarter. Public Employees Retirement System of Ohio now owns 23,207 shares of the company’s stock valued at $2,140,000 after buying an additional 830 shares in the last quarter. Security National Bank of SO Dak raised its position in shares of Polaris Industries by 6.0% in the second quarter. Security National Bank of SO Dak now owns 5,755 shares of the company’s stock valued at $531,000 after buying an additional 325 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA raised its position in shares of Polaris Industries by 1.3% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 7,649 shares of the company’s stock valued at $706,000 after buying an additional 95 shares in the last quarter. 95.12% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Polaris Industries (NYSE:PII)

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