Polaris Industries Inc. (PII) Given Sector Weight Rating at KeyCorp
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.
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.
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