Other analysts have also issued reports about the stock. Lake Street Capital reissued 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. Wunderlich reissued a buy rating and issued a $112.00 price objective on shares of Polaris Industries in a research report on Sunday, July 24th. TheStreet raised shares of Polaris Industries from a hold rating to a buy rating in a research report on Monday, August 15th. Citigroup Inc. increased their price objective on shares of Polaris Industries from $100.00 to $107.00 and gave the stock a buy rating in a research report on Monday, August 29th. Finally, RBC Capital Markets reissued a hold rating and issued a $88.00 price objective on shares of Polaris Industries in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Polaris Industries presently has an average rating of Hold and a consensus target price of $84.52.
Polaris Industries (NYSE:PII) opened at 71.52 on Tuesday. The stock has a market cap of $4.58 billion, a P/E ratio of 12.35 and a beta of 1.42. Polaris Industries has a one year low of $67.80 and a one year high of $126.36. The company’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, topping the Zacks’ consensus estimate of $1.05 by $0.04. Polaris Industries had a net margin of 8.21% and a return on equity of 40.69%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted $1.49 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Analysts forecast that Polaris Industries will post $3.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.55 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $2.20 annualized dividend and a yield of 3.08%. Polaris Industries’s dividend payout ratio (DPR) is 38.19%.
Large investors have recently made changes to their positions in the stock. WFG Advisors LP increased its stake in 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 during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in 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 during the last quarter. Pinkerton Retirement Specialists LLC bought a new stake in Polaris Industries during the second quarter valued at approximately $136,000. Fuller & Thaler Asset Management Inc. bought a new stake in Polaris Industries during the second quarter valued at approximately $139,000. Finally, Tredje AP fonden increased its stake in 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 during the last quarter. Institutional investors own 88.26% 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.
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