Polaris Industries (NYSE:PII) had its target price reduced by Wedbush from $117.00 to $105.00 in a report released on Tuesday morning, The Fly reports. They currently have an outperform rating on the stock. Wedbush also issued estimates for Polaris Industries’ Q3 2019 earnings at $1.65 EPS, Q4 2019 earnings at $1.51 EPS, FY2019 earnings at $5.96 EPS and FY2020 earnings at $5.91 EPS.

A number of other research analysts have also recently weighed in on the stock. Lake Street Capital lifted their price objective on shares of USA Technologies from $4.50 to $7.00 and gave the company a hold rating in a report on Thursday, June 6th. Royal Bank of Canada set a GBX 5,200 ($67.95) price objective on shares of London Stock Exchange Group and gave the company a buy rating in a report on Wednesday, April 24th. TheStreet upgraded shares of Secureworks from a d+ rating to a c- rating in a report on Monday, April 22nd. ValuEngine cut shares of Viewray from a buy rating to a hold rating in a report on Wednesday, April 24th. Finally, SunTrust Banks lifted their price objective on shares of Polaris Industries to $102.00 and gave the company a hold rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $107.38.

Shares of PII stock opened at $86.43 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 1.31 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $5.11 billion, a PE ratio of 12.80, a P/E/G ratio of 0.91 and a beta of 1.32. The company has a 50 day simple moving average of $87.39. Polaris Industries has a fifty-two week low of $70.27 and a fifty-two week high of $125.43.

Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Polaris Industries had a net margin of 5.22% and a return on equity of 46.89%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. Equities analysts forecast that Polaris Industries will post 6.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.44 dividend on an annualized basis and a yield of 2.82%. Polaris Industries’s dividend payout ratio is currently 37.20%.

In related news, insider Stephen L. Eastman sold 8,028 shares of Polaris Industries stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $97.97, for a total value of $786,503.16. Following the completion of the transaction, the insider now owns 17,706 shares in the company, valued at $1,734,656.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Private Capital Group LLC lifted its position in shares of Polaris Industries by 97.6% during the 1st quarter. Private Capital Group LLC now owns 889 shares of the company’s stock worth $75,000 after buying an additional 439 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Polaris Industries during the 1st quarter worth approximately $84,000. Claybrook Capital LLC purchased a new stake in shares of Polaris Industries during the 4th quarter worth approximately $86,000. Squar Milner Financial Services LLC lifted its position in shares of Polaris Industries by 33.4% during the 1st quarter. Squar Milner Financial Services LLC now owns 1,177 shares of the company’s stock worth $99,000 after buying an additional 295 shares during the last quarter. Finally, Columbia Asset Management purchased a new stake in shares of Polaris Industries during the 1st quarter worth approximately $112,000. Institutional investors own 78.45% of the company’s stock.

Polaris Industries Company Profile

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

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Analyst Recommendations for Polaris Industries (NYSE:PII)

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