Polaris Industries (NYSE:PII) had its target price trimmed by Citigroup from $136.00 to $129.00 in a research note issued to investors on Tuesday morning. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on PII. Stifel Nicolaus increased their price objective on Polaris Industries from $98.00 to $100.00 and gave the company a hold rating in a research report on Thursday, October 12th. Royal Bank of Canada reissued a sell rating and issued a $81.00 price objective on shares of Polaris Industries in a research report on Friday, October 13th. B. Riley set a $91.00 price objective on Polaris Industries and gave the company a hold rating in a research report on Monday, October 23rd. BMO Capital Markets cut Polaris Industries from an outperform rating to a market perform rating and set a $115.00 price objective for the company. in a research report on Wednesday, October 25th. Finally, Wells Fargo & Co reissued a market perform rating and issued a $115.00 price objective (up from $93.00) on shares of Polaris Industries in a research report on Wednesday, October 25th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Polaris Industries has an average rating of Hold and an average target price of $112.50.

Shares of Polaris Industries (NYSE:PII) opened at $111.91 on Tuesday. The stock has a market capitalization of $7,000.00, a P/E ratio of 41.60, a price-to-earnings-growth ratio of 1.21 and a beta of 1.27. The company has a current ratio of 1.11, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. Polaris Industries has a 12-month low of $77.91 and a 12-month high of $137.66.

Polaris Industries (NYSE:PII) last announced its earnings results on Tuesday, January 30th. The company reported $1.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.47. Polaris Industries had a return on equity of 35.38% and a net margin of 3.18%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the business earned $0.97 earnings per share. The company’s revenue was up 17.5% on a year-over-year basis. equities analysts forecast that Polaris Industries will post 6.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from Polaris Industries’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, February 28th. Polaris Industries’s dividend payout ratio is presently 86.25%.

In related news, SVP James P. Williams sold 20,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $127.08, for a total value of $2,541,600.00. Following the completion of the transaction, the senior vice president now directly owns 22,664 shares in the company, valued at $2,880,141.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen L. Eastman sold 1,500 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $127.72, for a total value of $191,580.00. Following the completion of the transaction, the insider now owns 8,846 shares of the company’s stock, valued at $1,129,811.12. The disclosure for this sale can be found here. Insiders sold 21,602 shares of company stock valued at $2,741,836 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in Polaris Industries by 3.8% during the second quarter. State Street Corp now owns 4,377,894 shares of the company’s stock worth $403,763,000 after acquiring an additional 161,055 shares in the last quarter. Principal Financial Group Inc. raised its stake in Polaris Industries by 2.4% during the third quarter. Principal Financial Group Inc. now owns 250,647 shares of the company’s stock worth $26,225,000 after acquiring an additional 5,894 shares in the last quarter. Pettee Investors Inc. acquired a new position in Polaris Industries during the third quarter worth $628,000. Northwest Wealth Management LLC raised its stake in Polaris Industries by 33.4% during the third quarter. Northwest Wealth Management LLC now owns 4,943 shares of the company’s stock worth $517,000 after acquiring an additional 1,238 shares in the last quarter. Finally, AGF Investments Inc. acquired a new position in Polaris Industries during the third quarter worth $7,952,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

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About Polaris Industries

Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include 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, including Work and Transportation and military vehicles.

Analyst Recommendations for Polaris Industries (NYSE:PII)

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