Polaris Industries’ (PII) Sell Rating Reaffirmed at Royal Bank Of Canada
Several other research firms have also recently commented on PII. BMO Capital Markets restated a buy rating and issued a $100.00 target price on shares of Polaris Industries in a research note on Monday, June 5th. Wedbush reaffirmed a neutral rating and set a $75.00 price target on shares of Polaris Industries in a research note on Tuesday, June 6th. BidaskClub raised shares of Polaris Industries from a sell rating to a hold rating in a research note on Tuesday, June 13th. Zacks Investment Research downgraded shares of Polaris Industries from a hold rating to a sell rating in a report on Wednesday, June 28th. Finally, Stifel Nicolaus lifted their price objective on shares of Polaris Industries from $82.00 to $86.00 and gave the company a hold rating in a report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Polaris Industries currently has a consensus rating of Hold and a consensus target price of $91.31.
Shares of Polaris Industries (NYSE:PII) traded up 0.8142% during trading on Tuesday, reaching $107.1252. 163,324 shares of the company traded hands. The stock’s 50 day moving average price is $99.01 and its 200-day moving average price is $90.05. The stock has a market cap of $6.70 billion, a P/E ratio of 44.8035 and a beta of 1.31. Polaris Industries has a 12 month low of $73.07 and a 12 month high of $108.46.
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, topping the Zacks’ consensus estimate of $1.08 by $0.08. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. Polaris Industries’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. On average, equities research analysts expect that Polaris Industries will post $4.48 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.58 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.18%. Polaris Industries’s payout ratio is 97.07%.
In other Polaris Industries news, CEO Scott W. Wine purchased 1,293 shares of the stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $88.81 per share, with a total value of $114,831.33. Following the completion of the transaction, the chief executive officer now directly owns 317,000 shares in the company, valued at $28,152,770. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George W. Bilicic purchased 2,833 shares of the stock in a transaction on Friday, August 25th. The shares were acquired at an average cost of $95.18 per share, for a total transaction of $269,644.94. Following the transaction, the director now owns 2,833 shares of the company’s stock, valued at $269,644.94. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its stake in shares of Polaris Industries by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after acquiring an additional 13 shares during the period. Sheets Smith Wealth Management increased its holdings in shares of Polaris Industries by 0.6% during the 2nd quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock worth $226,000 after acquiring an additional 14 shares during the last quarter. CAPROCK Group Inc. increased its holdings in shares of Polaris Industries by 0.5% during the 2nd quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock worth $460,000 after acquiring an additional 27 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Polaris Industries by 0.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock worth $786,000 after acquiring an additional 35 shares during the last quarter. Finally, AMG Funds LLC increased its holdings in shares of Polaris Industries by 0.4% during the 2nd quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock worth $1,089,000 after acquiring an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 95.20% of the company’s stock.
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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