Polaris Industries Inc. (NYSE:PII) gapped up before the market opened on Friday . The stock had previously closed at $82.51, but opened at $82.94. Polaris Industries shares last traded at $85.55, with a volume of 618,536 shares.

Several equities research analysts have weighed in on the company. B. Riley cut Polaris Industries from a “buy” rating to a “neutral” rating and set a $104.00 target price for the company. in a research note on Wednesday, April 20th. Royal Bank Of Canada reiterated a “hold” rating on shares of Polaris Industries in a report on Saturday, April 23rd. Zacks Investment Research downgraded shares of Polaris Industries from a “hold” rating to a “sell” rating in a report on Thursday, June 23rd. Vetr upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating and set a $102.67 price target for the company in a report on Monday, March 28th. Finally, Lake Street Capital started coverage on shares of Polaris Industries in a report on Tuesday, March 15th. They set a “buy” rating and a $121.00 price target for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $95.44.

The company’s 50 day moving average price is $83.12 and its 200 day moving average price is $87.50. The stock has a market cap of $5.51 billion and a price-to-earnings ratio of 13.79.

Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Thursday, April 21st. The company reported $0.71 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.71. The firm earned $983 million during the quarter, compared to the consensus estimate of $962.44 million. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 earnings per share. Equities analysts expect that Polaris Industries Inc. will post $6.30 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.58%. The ex-dividend date was Friday, May 27th.

In related news, Director Kevin M. Farr acquired 2,100 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was bought at an average cost of $83.15 per share, with a total value of $174,615.00. Following the acquisition, the director now owns 2,100 shares of the company’s stock, valued at approximately $174,615. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David C. Longren sold 21,108 shares of Polaris Industries stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $99.00, for a total transaction of $2,089,692.00. Following the sale, the insider now directly owns 21,405 shares of the company’s stock, valued at $2,119,095. The disclosure for this sale can be found here.

Several hedge funds recently bought and sold shares of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Polaris Industries during the fourth quarter worth about $2,545,000. Callahan Advisors LLC increased its stake in Polaris Industries by 17.4% in the fourth quarter. Callahan Advisors LLC now owns 39,098 shares of the company’s stock worth $3,360,000 after buying an additional 5,785 shares in the last quarter. Palouse Capital Management Inc. increased its stake in Polaris Industries by 31.5% in the fourth quarter. Palouse Capital Management Inc. now owns 36,908 shares of the company’s stock worth $3,172,000 after buying an additional 8,851 shares in the last quarter. Comerica Bank increased its stake in Polaris Industries by 5.6% in the fourth quarter. Comerica Bank now owns 50,774 shares of the company’s stock worth $4,082,000 after buying an additional 2,673 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Polaris Industries during the fourth quarter worth about $1,516,000.

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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