Polaris Industries Inc. (NYSE:PII) dropped 0.7% during mid-day trading on Monday . The stock traded as low as $89.96 and last traded at $90.19, with a volume of 247,184 shares. The stock had previously closed at $90.82.

Several research analysts have recently weighed in on PII shares. Longbow Research cut Polaris Industries from a “neutral” rating to an “underperform” rating and set a $70.00 target price on the stock. in a report on Friday, June 10th. Royal Bank Of Canada lowered their target price on Polaris Industries from $97.00 to $84.00 and set a “sector perform” rating on the stock in a report on Friday, July 1st. Wells Fargo & Co. restated a “hold” rating on shares of Polaris Industries in a report on Monday, June 20th. Wunderlich restated a “buy” rating and set a $112.00 target price on shares of Polaris Industries in a report on Sunday, July 24th. Finally, RBC Capital Markets restated a “hold” rating and set a $88.00 target price on shares of Polaris Industries in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. Polaris Industries currently has a consensus rating of “Hold” and an average price target of $91.87.

The firm has a 50 day moving average price of $93.12 and a 200-day moving average price of $90.70. The company has a market cap of $5.78 billion and a price-to-earnings ratio of 15.57.

Polaris Industries (NYSE:PII) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.05 by $0.04. The business earned $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company earned $1.49 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts forecast that Polaris Industries Inc. will post $6.03 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $2.20 annualized dividend and a dividend yield of 2.44%.

An institutional investor recently bought a new position in Polaris Industries stock. I.G. Investment Management LTD. purchased a new stake in shares of Polaris Industries Inc. (NYSE:PII) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 72,500 shares of the company’s stock, valued at approximately $6,231,000. I.G. Investment Management LTD. owned about 0.11% of Polaris Industries at the end of the most recent 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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