Stephens set a $75.00 target price on Polaris Industries Inc. (NYSE:PII) in a report released on Thursday morning. The brokerage currently has a a hold rating on the stock.

Analyst Recommendations for Polaris Industries (NYSE:PII)

Other research analysts have also recently issued reports about the company. Lake Street Capital reissued a buy rating and issued a $106.00 price target (down from $121.00) on shares of Polaris Industries in a report on Wednesday, June 29th. Wunderlich reissued a buy rating and issued a $112.00 price target on shares of Polaris Industries in a report on Sunday, July 24th. TheStreet raised Polaris Industries from a hold rating to a buy rating in a report on Monday, August 15th. Citigroup Inc. boosted their price target on Polaris Industries from $100.00 to $107.00 and gave the stock a buy rating in a report on Monday, August 29th. Finally, RBC Capital Markets set a $88.00 price target on Polaris Industries and gave the stock a hold rating in a report on Thursday, July 21st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. Polaris Industries presently has an average rating of Hold and an average price target of $84.52.

Shares of Polaris Industries (NYSE:PII) opened at 71.52 on Thursday. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 12.35 and a beta of 1.42. Polaris Industries has a 1-year low of $67.80 and a 1-year high of $126.36. The stock’s 50 day moving average price is $87.46 and its 200-day moving average price is $89.74.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. Polaris Industries had a return on equity of 40.69% and a net margin of 8.21%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the firm earned $1.49 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that Polaris Industries will post $3.84 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Tuesday, August 30th. Polaris Industries’s payout ratio is currently 38.19%.

Several large investors have recently modified their holdings of the company. WFG Advisors LP boosted its stake in shares of Polaris Industries by 7.8% in the second quarter. WFG Advisors LP now owns 1,276 shares of the company’s stock valued at $104,000 after buying an additional 92 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Polaris Industries by 114.3% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,500 shares of the company’s stock valued at $123,000 after buying an additional 800 shares in the last quarter. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Polaris Industries during the second quarter valued at $136,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Polaris Industries during the second quarter valued at $139,000. Finally, Tredje AP fonden boosted its stake in shares of Polaris Industries by 436.1% in the second quarter. Tredje AP fonden now owns 1,930 shares of the company’s stock valued at $158,000 after buying an additional 1,570 shares in the last quarter. Institutional investors and hedge funds own 88.48% of the company’s stock.

Polaris Industries Company Profile

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.

5 Day Chart for NYSE:PII

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