Brokerages Set Polaris Industries Inc. (PII) PT at $100.29
Shares of Polaris Industries Inc. (NYSE:PII) have received a consensus rating of “Hold” from the twenty analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $100.29.
PII has been the topic of a number of research analyst reports. Northcoast Research reissued a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 5th. Robert W. Baird reissued a “neutral” rating on shares of Polaris Industries in a report on Sunday, September 3rd. Royal Bank Of Canada raised their price target on Polaris Industries from $81.00 to $91.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. UBS AG lowered their price target on Polaris Industries from $108.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, September 15th. Finally, BMO Capital Markets raised their price target on Polaris Industries from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, September 15th.
In related news, insider Michael D. Dougherty sold 8,000 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $122.23, for a total value of $977,840.00. Following the completion of the transaction, the insider now owns 13,113 shares in the company, valued at approximately $1,602,801.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen L. Eastman sold 8,500 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $119.25, for a total value of $1,013,625.00. Following the completion of the transaction, the insider now owns 18,846 shares of the company’s stock, valued at approximately $2,247,385.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,852 shares of company stock worth $4,930,631. 2.20% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Polaris Industries by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,627,636 shares of the company’s stock valued at $519,037,000 after purchasing an additional 323,616 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Polaris Industries by 12.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,256,665 shares of the company’s stock valued at $484,822,000 after purchasing an additional 572,461 shares during the period. State Street Corp boosted its position in shares of Polaris Industries by 3.8% in the 2nd quarter. State Street Corp now owns 4,377,894 shares of the company’s stock valued at $403,763,000 after purchasing an additional 161,055 shares during the period. Wells Fargo & Company MN boosted its position in shares of Polaris Industries by 0.4% in the 2nd quarter. Wells Fargo & Company MN now owns 3,504,980 shares of the company’s stock valued at $323,265,000 after purchasing an additional 12,865 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Polaris Industries by 6.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,559,796 shares of the company’s stock valued at $267,832,000 after purchasing an additional 148,734 shares during the period. Institutional investors and hedge funds own 91.37% of the company’s stock.
Shares of Polaris Industries (PII) traded up $1.20 during midday trading on Thursday, reaching $120.95. The company’s stock had a trading volume of 658,719 shares, compared to its average volume of 1,107,607. Polaris Industries has a 1 year low of $77.91 and a 1 year high of $126.85. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.04 and a quick ratio of 0.34. The firm has a market capitalization of $7,564.49, a price-to-earnings ratio of 26.58, a PEG ratio of 1.66 and a beta of 1.39.
Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.24. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. equities research analysts predict that Polaris Industries will post 4.85 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Thursday, November 30th. Polaris Industries’s payout ratio is currently 73.19%.
About Polaris Industries
Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include 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, including Work and Transportation and military vehicles.
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