Several other research firms have also issued reports on PII. Northcoast Research reaffirmed a hold rating on shares of Polaris Industries in a research note on Tuesday, September 5th. KeyCorp reaffirmed a sector weight rating on shares of Polaris Industries in a research note on Thursday, August 31st. Royal Bank Of Canada reaffirmed a hold rating and issued a $79.00 price objective on shares of Polaris Industries in a research note on Friday, June 9th. B. Riley reaffirmed a neutral rating and issued a $91.00 price objective on shares of Polaris Industries in a research note on Friday, July 21st. Finally, Zacks Investment Research lowered Polaris Industries from a hold rating to a sell rating in a research note on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $86.86.
Shares of Polaris Industries (NYSE PII) traded down 0.51% during trading on Thursday, reaching $98.09. The company’s stock had a trading volume of 544,513 shares. The company has a 50 day moving average of $91.82 and a 200-day moving average of $87.86. Polaris Industries has a 12-month low of $70.14 and a 12-month high of $100.81. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 41.02 and a beta of 1.30.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.08. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a return on equity of 26.47% and a net margin of 3.13%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the company earned $1.09 EPS. Analysts forecast that Polaris Industries will post $4.48 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.32 annualized dividend and a yield of 2.37%. Polaris Industries’s payout ratio is currently 97.07%.
In other news, CEO Scott W. Wine acquired 1,293 shares of Polaris Industries stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $88.81 per share, for a total transaction of $114,831.33. Following the acquisition, the chief executive officer now directly owns 317,000 shares of the company’s stock, valued at approximately $28,152,770. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James P. Williams sold 5,250 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $93.24, for a total value of $489,510.00. Following the transaction, the senior vice president now owns 19,914 shares in the company, valued at $1,856,781.36. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gs Investments Inc. purchased a new position in Polaris Industries during the 2nd quarter worth $396,000. Advisory Services Network LLC increased its holdings in Polaris Industries by 7.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,952 shares of the company’s stock worth $272,000 after purchasing an additional 193 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Polaris Industries by 3.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 23,207 shares of the company’s stock worth $2,140,000 after purchasing an additional 830 shares during the period. Security National Bank of SO Dak increased its holdings in Polaris Industries by 6.0% during the 2nd quarter. Security National Bank of SO Dak now owns 5,755 shares of the company’s stock worth $531,000 after purchasing an additional 325 shares during the period. Finally, Security National Bank of Sioux City Iowa IA increased its holdings in Polaris Industries by 1.3% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 7,649 shares of the company’s stock worth $706,000 after purchasing an additional 95 shares during the period. Institutional investors own 95.13% of the company’s stock.
Polaris Industries Company Profile
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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