Polaris Industries Inc. (NYSE:PII) Receives Average Rating of “Buy” from Analysts

Polaris Industries Inc. (NYSE:PII) has been given an average rating of “Buy” by the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $106.42.

A number of brokerages have commented on PII. Lake Street Capital raised their price target on shares of Polaris Industries from $107.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. SunTrust Banks raised their price target on shares of Polaris Industries to $102.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Royal Bank of Canada cut their price target on shares of Polaris Industries to $92.00 and set a “market perform” rating for the company in a research note on Tuesday, July 9th. TheStreet upgraded shares of Polaris Industries from a “c+” rating to a “b-” rating in a research note on Monday, April 22nd. Finally, UBS Group upgraded shares of Polaris Industries from a “neutral” rating to a “buy” rating and raised their price target for the stock from $97.00 to $105.00 in a research note on Wednesday.

PII traded up $0.45 during midday trading on Friday, reaching $92.30. 579,562 shares of the company’s stock were exchanged, compared to its average volume of 785,344. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.27 and a beta of 1.37. The company has a quick ratio of 0.33, a current ratio of 1.18 and a debt-to-equity ratio of 2.00. Polaris Industries has a one year low of $70.27 and a one year high of $115.40. The company’s 50-day moving average is $89.07.

Polaris Industries (NYSE:PII) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.07. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Polaris Industries had a net margin of 4.94% and a return on equity of 45.12%. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 earnings per share. Analysts predict that Polaris Industries will post 6.22 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is currently 37.20%.

Large investors have recently bought and sold shares of the company. Swiss National Bank raised its stake in shares of Polaris Industries by 2.3% in the first quarter. Swiss National Bank now owns 196,100 shares of the company’s stock valued at $16,557,000 after acquiring an additional 4,500 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Polaris Industries by 16.7% in the fourth quarter. Geode Capital Management LLC now owns 615,100 shares of the company’s stock valued at $47,134,000 after acquiring an additional 87,843 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Polaris Industries in the first quarter valued at approximately $223,000. Thoroughbred Financial Services LLC increased its holdings in shares of Polaris Industries by 7,433.3% in the second quarter. Thoroughbred Financial Services LLC now owns 288,225 shares of the company’s stock valued at $28,822,000 after purchasing an additional 284,399 shares in the last quarter. Finally, Lantz Financial LLC acquired a new stake in shares of Polaris Industries in the first quarter valued at approximately $1,160,000. Institutional investors own 78.75% of the company’s stock.

About Polaris Industries

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

Featured Story: Discover Your Risk Tolerance

Analyst Recommendations for Polaris Industries (NYSE:PII)

Receive News & Ratings for Polaris Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polaris Industries and related companies with MarketBeat.com's FREE daily email newsletter.