Polaris Industries Inc. (NYSE:PII) Given Average Recommendation of “Buy” by Brokerages

Polaris Industries Inc. (NYSE:PII) has received a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $85.67.

Several research firms recently commented on PII. Wells Fargo & Co raised their target price on Polaris Industries from $65.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Raymond James raised their target price on Polaris Industries from $108.00 to $114.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, June 16th. Wolfe Research began coverage on Polaris Industries in a research note on Friday, April 17th. They set an “outperform” rating and a $65.00 target price for the company. Lake Street Capital reaffirmed a “buy” rating and set a $107.00 target price (up previously from $82.00) on shares of Polaris Industries in a research note on Wednesday, June 3rd. Finally, UBS Group decreased their target price on Polaris Industries from $114.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, May 18th.

Shares of PII stock traded up $2.29 on Tuesday, hitting $92.26. The company had a trading volume of 642,100 shares, compared to its average volume of 1,058,301. The firm has a market cap of $5.51 billion, a P/E ratio of 21.31 and a beta of 2.10. The stock’s 50-day moving average is $88.26 and its two-hundred day moving average is $81.59. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.50 and a current ratio of 1.31. Polaris Industries has a twelve month low of $37.35 and a twelve month high of $104.37.

Polaris Industries (NYSE:PII) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.33). The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. Polaris Industries had a net margin of 4.04% and a return on equity of 33.41%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. Equities research analysts predict that Polaris Industries will post 3.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were paid a $0.62 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.48 dividend on an annualized basis and a yield of 2.69%. Polaris Industries’s dividend payout ratio (DPR) is presently 39.24%.

In other Polaris Industries news, SVP Christopher Musso sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $95.00, for a total value of $475,000.00. Following the completion of the sale, the senior vice president now owns 28,367 shares of the company’s stock, valued at $2,694,865. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of PII. First Trust Advisors LP lifted its holdings in shares of Polaris Industries by 115.7% in the first quarter. First Trust Advisors LP now owns 18,030 shares of the company’s stock valued at $1,522,000 after purchasing an additional 9,673 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Polaris Industries by 10.9% in the fourth quarter. Victory Capital Management Inc. now owns 8,780 shares of the company’s stock valued at $806,000 after purchasing an additional 862 shares in the last quarter. Sei Investments Co. bought a new position in shares of Polaris Industries in the fourth quarter valued at approximately $793,000. Acadian Asset Management LLC bought a new position in shares of Polaris Industries in the fourth quarter valued at approximately $144,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Polaris Industries by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 512,336 shares of the company’s stock valued at $52,105,000 after purchasing an additional 10,103 shares in the last quarter. Institutional investors own 74.11% of the company’s stock.

Polaris Industries Company Profile

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.

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Analyst Recommendations for Polaris Industries (NYSE:PII)

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