Royal Bank Of Canada reissued their sell rating on shares of Polaris Industries Inc. (NYSE:PII) in a report published on Tuesday. Royal Bank Of Canada currently has a $80.00 price target on the stock.

Several other research firms have also commented on PII. Stifel Nicolaus reiterated a hold rating and set a $87.00 price objective (up previously from $86.00) on shares of Polaris Industries in a research note on Monday, July 24th. Zacks Investment Research lowered shares of Polaris Industries from a buy rating to a hold rating in a research note on Wednesday, September 27th. Northcoast Research reiterated a hold rating on shares of Polaris Industries in a research note on Tuesday, September 5th. KeyCorp reiterated a sector weight rating on shares of Polaris Industries in a research note on Thursday, August 31st. Finally, B. Riley restated a neutral rating and set a $91.00 price target on shares of Polaris Industries in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. Polaris Industries has an average rating of Hold and a consensus price target of $91.31.

Shares of Polaris Industries (NYSE:PII) traded down 1.83% during midday trading on Tuesday, hitting $102.65. 270,927 shares of the company traded hands. The company has a 50-day moving average price of $99.93 and a 200-day moving average price of $90.26. Polaris Industries has a 52 week low of $73.07 and a 52 week high of $108.46. The stock has a market capitalization of $6.42 billion, a P/E ratio of 42.93 and a beta of 1.31.

Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. Polaris Industries’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 EPS. Analysts anticipate that Polaris Industries will post $4.49 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.58 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.22%. Polaris Industries’s payout ratio is currently 97.07%.

In other news, SVP James P. Williams sold 5,250 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $93.24, for a total value of $489,510.00. Following the sale, the senior vice president now owns 19,914 shares in the company, valued at $1,856,781.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George W. Bilicic acquired 2,833 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was acquired at an average price of $95.18 per share, for a total transaction of $269,644.94. Following the purchase, the director now directly owns 2,833 shares of the company’s stock, valued at $269,644.94. The disclosure for this purchase can be found here. 2.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC boosted its holdings in Polaris Industries by 625.3% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 73,159 shares of the company’s stock worth $5,981,000 after buying an additional 63,072 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Polaris Industries by 15.4% during the second quarter. Victory Capital Management Inc. now owns 53,721 shares of the company’s stock worth $4,955,000 after buying an additional 7,171 shares in the last quarter. Staton Financial Advisors LLC boosted its holdings in Polaris Industries by 3.1% during the first quarter. Staton Financial Advisors LLC now owns 39,630 shares of the company’s stock worth $3,321,000 after buying an additional 1,203 shares in the last quarter. Marshall Wace North America L.P. boosted its holdings in Polaris Industries by 860.0% during the second quarter. Marshall Wace North America L.P. now owns 24,394 shares of the company’s stock worth $2,244,000 after buying an additional 21,853 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Polaris Industries by 1.2% during the second quarter. Swiss National Bank now owns 218,200 shares of the company’s stock worth $20,125,000 after buying an additional 2,500 shares in the last quarter. 95.20% of the stock is currently owned by hedge funds and other institutional investors.

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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