Capital Growth Management LP bought a new position in Polaris Industries Inc. (NYSE:PII) in the 4th quarter, HoldingsChannel reports. The firm bought 35,000 shares of the company’s stock, valued at approximately $4,340,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Calton & Associates Inc. bought a new stake in shares of Polaris Industries in the 4th quarter worth $112,000. Gradient Investments LLC bought a new stake in shares of Polaris Industries in the 4th quarter worth $113,000. NuWave Investment Management LLC bought a new stake in shares of Polaris Industries in the 4th quarter worth $123,000. First Mercantile Trust Co. bought a new stake in shares of Polaris Industries in the 4th quarter worth $222,000. Finally, HighPoint Advisor Group LLC bought a new position in Polaris Industries during the third quarter valued at about $230,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Several equities analysts recently weighed in on the stock. Stephens set a $133.00 price target on shares of Polaris Industries and gave the company a “hold” rating in a research report on Friday, January 19th. SunTrust Banks restated a “hold” rating and set a $115.00 price target on shares of Polaris Industries in a research report on Wednesday, October 25th. They noted that the move was a valuation call. B. Riley increased their price target on shares of Polaris Industries from $91.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Robert W. Baird increased their price target on shares of Polaris Industries from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $144.00 price target (up previously from $121.00) on shares of Polaris Industries in a research report on Monday, January 29th. Fourteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $112.50.
Shares of Polaris Industries Inc. (NYSE:PII) opened at $117.76 on Friday. The company has a market cap of $7,360.00, a PE ratio of 33.17, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. Polaris Industries Inc. has a fifty-two week low of $77.91 and a fifty-two week high of $137.66. 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 (NYSE:PII) last released its quarterly earnings data on Tuesday, January 30th. The company reported $1.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.47. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.35 billion. Polaris Industries had a net margin of 3.18% and a return on equity of 35.38%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. equities research analysts anticipate that Polaris Industries Inc. will post 6.12 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Polaris Industries’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 2.04%. Polaris Industries’s dividend payout ratio is 65.35%.
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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.
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