Polaris Industries (NYSE:PII) had its price objective decreased by Wedbush from $117.00 to $105.00 in a research report released on Tuesday morning, The Fly reports. Wedbush currently has an outperform rating on the stock. Wedbush also issued estimates for Polaris Industries’ Q3 2019 earnings at $1.65 EPS, Q4 2019 earnings at $1.51 EPS, FY2019 earnings at $5.96 EPS and FY2020 earnings at $5.91 EPS.
PII has been the topic of several other reports. SunTrust Banks raised their price objective on Polaris Industries to $102.00 and gave the stock a hold rating in a report on Wednesday, April 24th. Northcoast Research restated a neutral rating on shares of Polaris Industries in a report on Friday, March 29th. BMO Capital Markets reduced their price objective on DXC Technology from $88.00 to $70.00 and set an outperform rating on the stock in a report on Tuesday, May 21st. Citigroup set a $86.00 price objective on Prologis and gave the stock a buy rating in a report on Wednesday, May 8th. Finally, Lake Street Capital raised their price objective on USA Technologies from $4.50 to $7.00 and gave the stock a hold rating in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $107.38.
NYSE:PII opened at $83.72 on Tuesday. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 0.91 and a beta of 1.32. Polaris Industries has a 1 year low of $70.27 and a 1 year high of $125.43. The company has a 50 day moving average of $87.38. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.31 and a quick ratio of 0.39.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.16. Polaris Industries had a return on equity of 46.89% and a net margin of 5.22%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $1.08 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, analysts expect that Polaris Industries will post 6.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.61 per share. The ex-dividend date was Friday, May 31st. This represents a $2.44 annualized dividend and a yield of 2.91%. Polaris Industries’s dividend payout ratio (DPR) is 37.20%.
In related news, insider Stephen L. Eastman sold 8,028 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $97.97, for a total transaction of $786,503.16. Following the transaction, the insider now directly owns 17,706 shares in the company, valued at approximately $1,734,656.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.90% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of PII. Private Capital Group LLC lifted its position in Polaris Industries by 97.6% during the 1st quarter. Private Capital Group LLC now owns 889 shares of the company’s stock worth $75,000 after acquiring an additional 439 shares during the period. Marshall Wace North America L.P. acquired a new stake in Polaris Industries during the 1st quarter worth about $84,000. Claybrook Capital LLC acquired a new stake in Polaris Industries during the 4th quarter worth about $86,000. Squar Milner Financial Services LLC lifted its position in Polaris Industries by 33.4% during the 1st quarter. Squar Milner Financial Services LLC now owns 1,177 shares of the company’s stock worth $99,000 after acquiring an additional 295 shares during the period. Finally, Columbia Asset Management acquired a new stake in Polaris Industries during the 1st quarter worth about $112,000. 78.45% of the stock is owned by institutional investors.
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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