Polaris Industries Inc. (NYSE:PII) shares dropped 2.6% during trading on Tuesday . The company traded as low as $92.91 and last traded at $94.43, with a volume of 1,040,398 shares trading hands. The stock had previously closed at $96.99.

PII has been the topic of a number of recent research reports. Vetr raised Polaris Industries from a “hold” rating to a “buy” rating and set a $102.67 price target on the stock in a research report on Monday, March 28th. Robert W. Baird reaffirmed a “buy” rating on shares of Polaris Industries in a research report on Monday, April 11th. Citigroup Inc. upped their price target on Polaris Industries from $89.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, April 4th. TheStreet raised Polaris Industries from a “hold” rating to a “buy” rating in a report on Monday, March 28th. Finally, Lake Street Capital reissued a “buy” rating and set a $106.00 price objective (down previously from $121.00) on shares of Polaris Industries in a report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $92.56.

The company’s 50-day moving average is $85.13 and its 200 day moving average is $87.88. The stock has a market cap of $6.09 billion and a PE ratio of 16.42.

Polaris Industries (NYSE:PII) last posted its earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company earned $1.49 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts anticipate that Polaris Industries Inc. will post $6.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, August 30th. This represents a $2.20 dividend on an annualized basis and a yield of 2.31%.

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

Several hedge funds have modified their holdings of PII. Morningstar Investment Services LLC raised its stake in shares of Polaris Industries by 37.5% in the fourth quarter. Morningstar Investment Services LLC now owns 26,451 shares of the company’s stock valued at $2,273,000 after buying an additional 7,220 shares in the last quarter. Comerica Bank raised its stake in shares of Polaris Industries by 5.6% in the fourth quarter. Comerica Bank now owns 50,774 shares of the company’s stock valued at $4,082,000 after buying an additional 2,673 shares in the last quarter. State of Wisconsin Investment Board raised its stake in shares of Polaris Industries by 9.4% in the fourth quarter. State of Wisconsin Investment Board now owns 188,593 shares of the company’s stock valued at $16,210,000 after buying an additional 16,282 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Polaris Industries by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 4,687,916 shares of the company’s stock valued at $402,927,000 after buying an additional 90,197 shares in the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. raised its stake in shares of Polaris Industries by 0.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 98,633 shares of the company’s stock valued at $8,513,000 after buying an additional 297 shares in the last quarter.

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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