Polaris Industries (PII) Earns Buy Rating from Analysts at Goldman Sachs Group

Goldman Sachs Group assumed coverage on shares of Polaris Industries (NYSE:PII) in a report published on Wednesday, April 24th, BenzingaRatingsTable reports. The firm issued a buy rating and a $123.00 target price on the stock.

A number of other research analysts also recently issued reports on the company. TheStreet raised Polaris Industries from a c+ rating to a b- rating in a report on Monday, April 22nd. Zacks Investment Research raised Polaris Industries from a sell rating to a hold rating in a report on Thursday, April 11th. Northcoast Research reissued a neutral rating on shares of Polaris Industries in a report on Friday, March 29th. Finally, ValuEngine downgraded Polaris Industries from a hold rating to a sell rating in a report on Tuesday, January 29th. Eleven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Polaris Industries presently has an average rating of Hold and a consensus target price of $109.69.

PII traded down $3.36 on Wednesday, hitting $85.84. The company had a trading volume of 588,900 shares, compared to its average volume of 728,257. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.31 and a quick ratio of 0.39. The firm has a market capitalization of $5.45 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 0.96 and a beta of 1.17. Polaris Industries has a 12-month low of $70.27 and a 12-month high of $131.25.

Polaris Industries (NYSE:PII) last released its earnings results on Tuesday, April 23rd. The company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.16. Polaris Industries had a return on equity of 46.89% and a net margin of 5.22%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue was up 15.3% compared to the same quarter last year. As a group, sell-side analysts expect that Polaris Industries will post 6.17 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Friday, May 31st. Polaris Industries’s payout ratio is 37.20%.

In other Polaris Industries news, insider Stephen L. Eastman sold 8,028 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $97.97, for a total value of $786,503.16. Following the completion of the sale, the insider now directly owns 17,706 shares in the company, valued at approximately $1,734,656.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kevin M. Farr purchased 1,125 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was acquired at an average cost of $88.59 per share, for a total transaction of $99,663.75. Following the purchase, the director now owns 15,604 shares in the company, valued at $1,382,358.36. The disclosure for this purchase can be found here. 2.90% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its stake in Polaris Industries by 9,905.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,329,998 shares of the company’s stock worth $30,000 after acquiring an additional 2,306,710 shares in the last quarter. CWM LLC lifted its stake in Polaris Industries by 68.1% during the 4th quarter. CWM LLC now owns 511 shares of the company’s stock worth $39,000 after acquiring an additional 207 shares in the last quarter. CLS Investments LLC acquired a new position in Polaris Industries during the 1st quarter worth about $45,000. Rockefeller Capital Management L.P. acquired a new position in Polaris Industries during the 1st quarter worth about $47,000. Finally, Doyle Wealth Management acquired a new position in Polaris Industries during the 4th quarter worth about $48,000. 80.00% of the stock is currently owned by institutional investors and hedge funds.

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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