Polaris Industries Inc. (NYSE:PII) had its price target boosted by Lake Street Capital from $85.00 to $106.00 in a research note released on Tuesday morning. Lake Street Capital currently has a buy rating on the stock.

A number of other analysts have also commented on the stock. Robert W. Baird reissued an outperform rating and issued a $84.00 price objective (down previously from $105.00) on shares of Polaris Industries in a research report on Tuesday, September 13th. RBC Capital Markets set a $69.00 price objective on shares of Polaris Industries and gave the stock a hold rating in a research report on Tuesday, September 13th. Wedbush cut their price objective on shares of Polaris Industries from $88.00 to $77.00 and set a neutral rating on the stock in a research report on Tuesday, September 13th. Royal Bank Of Canada cut their price objective on shares of Polaris Industries from $88.00 to $69.00 and set a sector perform rating on the stock in a research report on Tuesday, September 13th. Finally, B. Riley reissued a neutral rating and issued a $69.00 price objective on shares of Polaris Industries in a research report on Tuesday, September 13th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $84.52.

Shares of Polaris Industries (NYSE:PII) opened at 70.50 on Tuesday. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 12.17 and a beta of 1.42. The firm has a 50-day moving average of $90.89 and a 200 day moving average of $90.42. Polaris Industries has a 52-week low of $67.80 and a 52-week high of $131.71.

Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. Polaris Industries had a net margin of 8.21% and a return on equity of 40.69%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Analysts predict that Polaris Industries will post $3.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.20 annualized dividend and a dividend yield of 3.12%. Polaris Industries’s dividend payout ratio (DPR) is presently 38.19%.

Institutional investors have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. acquired a new position in Polaris Industries during the second quarter valued at approximately $5,186,000. Northwestern Mutual Investment Management Company LLC increased its position in Polaris Industries by 79.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 73,159 shares of the company’s stock valued at $5,981,000 after buying an additional 32,284 shares during the period. Mason Street Advisors LLC acquired a new position in Polaris Industries during the second quarter valued at approximately $2,241,000. Northwestern Mutual Wealth Management Co. increased its position in Polaris Industries by 25.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,106 shares of the company’s stock valued at $335,000 after buying an additional 831 shares during the period. Finally, CAPROCK Group Inc. acquired a new position in Polaris Industries during the second quarter valued at approximately $444,000. Institutional investors and hedge funds own 88.48% of the company’s stock.

Polaris Industries Company Profile

Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.

5 Day Chart for NYSE:PII

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