Polaris Industries Inc. (NYSE:PII) fell 4% on Tuesday . The company traded as low as $94.55 and last traded at $94.67, with a volume of 784,073 shares. The stock had previously closed at $98.66.

A number of brokerages have weighed in on PII. Royal Bank Of Canada upped their price objective on shares of Polaris Industries from $84.00 to $88.00 and gave the stock a “sector perform” rating in a report on Thursday, July 21st. Zacks Investment Research downgraded shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Thursday, June 23rd. Sterne Agee CRT reiterated a “hold” rating on shares of Polaris Industries in a research note on Thursday, April 21st. RBC Capital Markets reiterated a “hold” rating and issued a $88.00 target price on shares of Polaris Industries in a research note on Wednesday, July 27th. Finally, Wedbush reiterated a “neutral” rating and issued a $88.00 target price on shares of Polaris Industries in a research note on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $92.56.

The stock has a market capitalization of $6.01 billion and a PE ratio of 16.21. The stock has a 50 day moving average price of $91.46 and a 200 day moving average price of $89.86.

Polaris Industries (NYSE:PII) last released its earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate 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. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 EPS. Equities analysts anticipate that Polaris Industries Inc. will post $6.03 EPS for the current 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 given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, August 30th.

In related news, Director Kevin M. Farr bought 2,100 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were bought at an average price of $83.15 per share, with a total value of $174,615.00. Following the transaction, the director now 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 available through this hyperlink.

A number of hedge funds have made changes to their positions in PII. Schroder Investment Management Group boosted its stake in shares of Polaris Industries by 178.6% in the fourth quarter. Schroder Investment Management Group now owns 368,709 shares of the company’s stock valued at $31,690,000 after buying an additional 236,367 shares during the last quarter. I.G. Investment Management LTD. acquired a new stake in shares of Polaris Industries during the fourth quarter valued at approximately $6,231,000. Morgan Stanley boosted its stake in shares of Polaris Industries by 25.0% in the fourth quarter. Morgan Stanley now owns 227,111 shares of the company’s stock valued at $19,521,000 after buying an additional 45,430 shares during the last quarter. Nicholas Co. Inc. WI boosted its stake 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 valued at $64,813,000 after buying an additional 39,150 shares during the last quarter. Finally, Andra AP fonden boosted its stake 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 valued at $1,925,000 after buying an additional 10,600 shares during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.