KeyCorp reiterated their hold rating on shares of Polaris Industries Inc. (NYSE:PII) in a research note published on Wednesday. KeyCorp also issued estimates for Polaris Industries’ Q4 2017 earnings at $1.47 EPS and FY2017 earnings at $4.55 EPS.

Several other analysts have also recently issued reports on the stock. Northcoast Research reiterated a hold rating on shares of Polaris Industries in a research note on Tuesday, September 5th. Robert W. Baird reiterated a neutral rating on shares of Polaris Industries in a research note on Sunday, September 3rd. UBS AG lowered their target price on shares of Polaris Industries from $108.00 to $82.00 and set a neutral rating on the stock in a research note on Friday, September 15th. BidaskClub cut shares of Polaris Industries from a buy rating to a hold rating in a research note on Saturday, July 8th. Finally, BMO Capital Markets increased their target price on shares of Polaris Industries from $110.00 to $115.00 and gave the stock an outperform rating in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $91.31.

Shares of Polaris Industries (PII) traded down 1.02% on Wednesday, reaching $104.56. 1,531,543 shares of the company were exchanged. The stock has a market capitalization of $6.54 billion, a PE ratio of 43.73 and a beta of 1.31. Polaris Industries has a 12-month low of $73.07 and a 12-month high of $108.46. The firm has a 50 day moving average price of $99.50 and a 200-day moving average price of $90.16.

Polaris Industries (NYSE:PII) last posted its earnings results on Thursday, July 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. Polaris Industries had a net margin of 3.13% and a return on equity of 26.47%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the company posted $1.09 EPS. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, analysts predict that Polaris Industries will post $4.49 EPS for the current fiscal year.

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

In other Polaris Industries news, CEO Scott W. Wine bought 1,293 shares of Polaris Industries stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average price of $88.81 per share, with a total value of $114,831.33. Following the acquisition, the chief executive officer now owns 317,000 shares in the company, valued at $28,152,770. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George W. Bilicic bought 2,833 shares of Polaris Industries stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of $95.18 per share, for a total transaction of $269,644.94. Following the acquisition, the director now owns 2,833 shares in the company, valued at approximately $269,644.94. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in PII. Trust Co. of Vermont grew its holdings in shares of Polaris Industries by 132.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock valued at $109,000 after purchasing an additional 673 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Polaris Industries by 1.0% during the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock valued at $118,000 after purchasing an additional 13 shares during the last quarter. Ffcm LLC grew its holdings in shares of Polaris Industries by 6.4% during the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock valued at $131,000 after purchasing an additional 85 shares during the last quarter. Mosaic Family Wealth LLC grew its holdings in shares of Polaris Industries by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock valued at $157,000 after purchasing an additional 115 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new position in shares of Polaris Industries during the 1st quarter valued at $213,000. 95.20% of the stock is currently owned by institutional investors.

Polaris Industries Company Profile

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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