Polaris Industries (PII) Price Target Lowered to $104.00 at Citigroup

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Polaris Industries (NYSE:PII) had its target price reduced by Citigroup from $126.00 to $104.00 in a research note issued to investors on Tuesday morning. They currently have a buy rating on the stock.

Several other equities research analysts have also commented on PII. Stifel Nicolaus boosted their price target on shares of Polaris Industries from $118.00 to $123.00 and gave the stock a hold rating in a report on Tuesday, July 17th. ValuEngine lowered shares of Polaris Industries from a buy rating to a hold rating in a report on Wednesday, July 25th. Wells Fargo & Co cut their price target on shares of Polaris Industries from $132.00 to $125.00 and set an outperform rating for the company in a report on Thursday, July 26th. BMO Capital Markets reissued a hold rating and issued a $110.00 price target on shares of Polaris Industries in a report on Thursday, July 26th. Finally, SunTrust Banks cut their price target on shares of Polaris Industries to $115.00 and set a positive rating for the company in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Polaris Industries currently has an average rating of Hold and an average price target of $111.23.

NYSE:PII opened at $89.88 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 2.00. The company has a market cap of $5.27 billion, a PE ratio of 18.53, a PEG ratio of 0.87 and a beta of 0.92. Polaris Industries has a 1-year low of $84.63 and a 1-year high of $137.66.

Polaris Industries (NYSE:PII) last posted its earnings results on Monday, October 22nd. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.29. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.64 billion. Polaris Industries had a net margin of 4.68% and a return on equity of 43.14%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 EPS. Analysts expect that Polaris Industries will post 6.57 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $2.40 annualized dividend and a yield of 2.67%. Polaris Industries’s dividend payout ratio (DPR) is presently 49.48%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BancorpSouth Bank boosted its stake in Polaris Industries by 11.8% during the 2nd quarter. BancorpSouth Bank now owns 4,515 shares of the company’s stock worth $552,000 after purchasing an additional 477 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Polaris Industries by 3.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock worth $1,943,000 after purchasing an additional 500 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Polaris Industries by 8.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,221 shares of the company’s stock worth $760,000 after purchasing an additional 505 shares during the last quarter. WESPAC Advisors SoCal LLC boosted its stake in Polaris Industries by 7.4% during the 3rd quarter. WESPAC Advisors SoCal LLC now owns 8,485 shares of the company’s stock worth $856,000 after purchasing an additional 585 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Polaris Industries by 2.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,288 shares of the company’s stock worth $2,351,000 after purchasing an additional 590 shares during the last quarter. 83.44% of the stock is currently owned by institutional investors.

Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.

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Analyst Recommendations for Polaris Industries (NYSE:PII)

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