Polaris Industries Inc. (PII) Receives $88.90 Consensus PT from Brokerages
Shares of Polaris Industries Inc. (NYSE:PII) have received a consensus rating of “Hold” from the eighteen analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $91.45.
PII has been the subject of several recent research reports. TheStreet raised shares of Polaris Industries from a “c” rating to a “b-” rating in a research report on Thursday, July 20th. BMO Capital Markets reissued a “buy” rating and issued a $100.00 price objective on shares of Polaris Industries in a research report on Monday, June 5th. BidaskClub raised shares of Polaris Industries from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Zacks Investment Research raised shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Wednesday, July 19th. Finally, Lake Street Capital increased their price objective on shares of Polaris Industries from $102.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, July 21st.
Shares of Polaris Industries (NYSE:PII) traded up 0.25% during trading on Wednesday, reaching $104.63. 975,824 shares of the company’s stock traded hands. Polaris Industries has a 1-year low of $73.07 and a 1-year high of $108.45. The stock has a 50-day moving average of $94.27 and a 200-day moving average of $88.72. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 43.76 and a beta of 1.30.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Thursday, July 20th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. Polaris Industries’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities analysts predict that Polaris Industries will post $4.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.58 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $2.32 annualized dividend and a dividend yield of 2.22%. Polaris Industries’s dividend payout ratio (DPR) is presently 97.07%.
In other news, CEO Scott W. Wine bought 1,293 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was acquired at an average cost of $88.81 per share, for a total transaction of $114,831.33. Following the completion of the purchase, the chief executive officer now owns 317,000 shares of the company’s stock, valued at $28,152,770. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George W. Bilicic bought 2,833 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was purchased at an average price of $95.18 per share, with a total value of $269,644.94. Following the completion of the purchase, the director now directly owns 2,833 shares of the company’s stock, valued at approximately $269,644.94. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Polaris Industries by 625.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 73,159 shares of the company’s stock valued at $5,981,000 after purchasing an additional 63,072 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Polaris Industries by 13.3% during the 1st quarter. Stratos Wealth Partners LTD. now owns 4,059 shares of the company’s stock valued at $340,000 after acquiring an additional 478 shares during the last quarter. Bancorpsouth Inc. bought a new position in Polaris Industries during the 1st quarter valued at $244,000. Victory Capital Management Inc. boosted its stake in Polaris Industries by 15.4% during the 2nd quarter. Victory Capital Management Inc. now owns 53,721 shares of the company’s stock valued at $4,955,000 after acquiring an additional 7,171 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in Polaris Industries by 719.9% during the 1st quarter. Schroder Investment Management Group now owns 241,900 shares of the company’s stock valued at $20,218,000 after acquiring an additional 212,396 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.
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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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