Polaris Industries Inc. (NYSE:PII) shares rose 3.6% during mid-day trading on Monday . The company traded as high as $73.02 and last traded at $73.01, with a volume of 750,855 shares changing hands. The stock had previously closed at $70.50.

PII has been the subject of a number of research reports. Lake Street Capital reiterated a “buy” rating and issued a $106.00 price objective (down previously from $121.00) on shares of Polaris Industries in a report on Wednesday, June 29th. Wunderlich reiterated a “buy” rating and issued a $112.00 price objective on shares of Polaris Industries in a report on Sunday, July 24th. TheStreet upgraded shares of Polaris Industries from a “hold” rating to a “buy” rating in a report on Monday, August 15th. Citigroup Inc. raised their price objective on shares of Polaris Industries from $100.00 to $107.00 and gave the company a “buy” rating in a report on Monday, August 29th. Finally, RBC Capital Markets set a $88.00 price objective on shares of Polaris Industries and gave the company a “hold” rating in a report on Thursday, July 21st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $84.52.

The stock has a market cap of $4.61 billion, a PE ratio of 12.43 and a beta of 1.42. The stock has a 50-day moving average price of $90.89 and a 200-day moving average price of $90.42.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.20 annualized dividend and a yield of 3.06%. Polaris Industries’s payout ratio is currently 38.19%.

A number of hedge funds have recently made changes to their positions in the stock. Reliance Trust Co. of Delaware increased its stake in shares of Polaris Industries by 1.1% in the second quarter. Reliance Trust Co. of Delaware now owns 3,682 shares of the company’s stock valued at $301,000 after buying an additional 39 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Polaris Industries by 1.6% in the second quarter. CIBC Asset Management Inc now owns 3,796 shares of the company’s stock worth $310,000 after buying an additional 58 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of Polaris Industries by 2.4% in the second quarter. Moors & Cabot Inc. now owns 2,536 shares of the company’s stock worth $206,000 after buying an additional 60 shares in the last quarter. Security National Bank of Sioux City Iowa IA increased its position in shares of Polaris Industries by 1.1% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 5,760 shares of the company’s stock worth $471,000 after buying an additional 60 shares in the last quarter. Finally, WFG Advisors LP increased its position in shares of Polaris Industries by 7.8% in the second quarter. WFG Advisors LP now owns 1,276 shares of the company’s stock worth $104,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 88.48% of the company’s stock.

About Polaris Industries

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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