Polaris Industries (PII) Rating Reiterated by Longbow Research

Longbow Research restated their hold rating on shares of Polaris Industries (NYSE:PII) in a research report report published on Tuesday morning.

A number of other equities analysts have also recently commented on the stock. Citigroup lifted their price target on shares of Polaris Industries from $125.00 to $126.00 and gave the stock a buy rating in a research note on Monday, August 13th. Zacks Investment Research raised shares of Polaris Industries from a hold rating to a buy rating and set a $124.00 price target for the company in a research note on Tuesday, August 7th. SunTrust Banks dropped their price target on shares of Polaris Industries to $100.00 and set a hold rating for the company in a research note on Tuesday. Wells Fargo & Co dropped their price target on shares of Polaris Industries from $125.00 to $115.00 and set an outperform rating for the company in a research note on Tuesday. Finally, Robert W. Baird reaffirmed a neutral rating and set a $125.00 price target on shares of Polaris Industries in a research note on Thursday, July 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $112.92.

Polaris Industries stock opened at $85.31 on Tuesday. Polaris Industries has a twelve month low of $84.63 and a twelve month high of $137.66. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.44 and a current ratio of 1.19. The stock has a market capitalization of $5.77 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92.



Polaris Industries (NYSE:PII) last posted its earnings results on Monday, October 22nd. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.29. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm posted $1.46 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts forecast that Polaris Industries will post 6.53 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, November 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.81%. Polaris Industries’s dividend payout ratio is presently 49.48%.

Several hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its position in Polaris Industries by 81.7% in the 1st quarter. Russell Investments Group Ltd. now owns 23,625 shares of the company’s stock valued at $2,704,000 after buying an additional 10,621 shares during the period. Allianz Asset Management GmbH boosted its position in Polaris Industries by 40.7% in the 1st quarter. Allianz Asset Management GmbH now owns 2,406 shares of the company’s stock valued at $275,000 after buying an additional 696 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in Polaris Industries by 18.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,976 shares of the company’s stock valued at $796,000 after buying an additional 1,083 shares during the period. Guggenheim Capital LLC boosted its position in Polaris Industries by 3.4% in the 1st quarter. Guggenheim Capital LLC now owns 49,484 shares of the company’s stock valued at $5,667,000 after buying an additional 1,643 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in Polaris Industries by 91.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 4,607 shares of the company’s stock valued at $528,000 after buying an additional 2,206 shares during the period. 83.46% of the stock is owned by hedge funds and other institutional investors.

Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.

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Analyst Recommendations for Polaris Industries (NYSE:PII)

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