Polaris Industries Inc. (NYSE:PII)’s share price traded down 4% during trading on Tuesday . The stock traded as low as $94.55 and last traded at $94.67, with a volume of 784,073 shares changing hands. The stock had previously closed at $98.66.

Several equities analysts have recently commented on the company. BMO Capital Markets restated a “hold” rating on shares of Polaris Industries in a research report on Sunday, July 17th. B. Riley downgraded Polaris Industries from a “buy” rating to a “neutral” rating and set a $104.00 price objective on the stock. in a research report on Wednesday, April 20th. Royal Bank Of Canada restated a “hold” rating on shares of Polaris Industries in a research report on Saturday, April 23rd. Sterne Agee CRT restated a “hold” rating on shares of Polaris Industries in a research report on Thursday, April 21st. Finally, Lake Street Capital restated a “buy” rating and issued a $106.00 price objective (down from $121.00) on shares of Polaris Industries in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. Polaris Industries has a consensus rating of “Hold” and an average price target of $92.56.

The company’s 50-day moving average price is $90.60 and its 200-day moving average price is $89.68. The firm has a market cap of $6.08 billion and a PE ratio of 16.37.

Polaris Industries (NYSE:PII) last posted its earnings results on Wednesday, July 20th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $1.49 earnings per share. Polaris Industries’s revenue was up .6% on a year-over-year basis. Equities analysts forecast that Polaris Industries Inc. will post $6.03 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Tuesday, August 30th.

In related news, Director Kevin M. Farr purchased 2,100 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The shares were purchased at an average cost of $83.15 per share, with a total value of $174,615.00. Following the purchase, the director now owns 2,100 shares of the company’s stock, valued at approximately $174,615. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Other hedge funds and institutional investors recently modified their holdings of the company. Autus Asset Management LLC raised its position in shares of Polaris Industries by 40.8% in the fourth quarter. Autus Asset Management LLC now owns 32,757 shares of the company’s stock worth $2,815,000 after buying an additional 9,497 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Polaris Industries during the fourth quarter worth $10,585,000. Nicholas Co. Inc. WI raised its position in shares of Polaris Industries by 5.5% in the fourth quarter. Nicholas Co. Inc. WI now owns 754,079 shares of the company’s stock worth $64,813,000 after buying an additional 39,150 shares in the last quarter. I.G. Investment Management LTD. bought a new position in shares of Polaris Industries during the fourth quarter worth $6,231,000. Finally, Andra AP fonden raised its position in shares of Polaris Industries by 89.8% in the fourth quarter. Andra AP fonden now owns 22,400 shares of the company’s stock worth $1,925,000 after buying an additional 10,600 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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