Polaris Industries Inc. (NYSE:PII) was the target of unusually large options trading on Monday. Traders acquired 1,377 call options on the stock. This represents an increase of 1,305% compared to the average daily volume of 98 call options.
Several research firms have weighed in on PII. ValuEngine downgraded Polaris Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. TheStreet cut Polaris Industries from a “b-” rating to a “c+” rating in a report on Friday, January 4th. Wells Fargo & Co decreased their price objective on Polaris Industries from $115.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, December 18th. B. Riley cut Polaris Industries from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $126.00 to $99.00 in a report on Monday, December 10th. Finally, Citigroup decreased their price target on Polaris Industries from $126.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Polaris Industries currently has an average rating of “Hold” and a consensus target price of $104.17.
Institutional investors and hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in shares of 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 buying an additional 2,306,710 shares in the last quarter. CWM LLC boosted its position in Polaris Industries by 68.1% during the fourth quarter. CWM LLC now owns 511 shares of the company’s stock valued at $39,000 after purchasing an additional 207 shares in the last quarter. Doyle Wealth Management bought a new stake in Polaris Industries during the fourth quarter valued at about $48,000. JNBA Financial Advisors bought a new stake in Polaris Industries during the fourth quarter valued at about $50,000. Finally, Columbia Asset Management bought a new stake in Polaris Industries during the third quarter valued at about $164,000. 85.57% of the stock is currently owned by institutional investors and hedge funds.
Polaris Industries stock traded down $0.12 during mid-day trading on Wednesday, hitting $84.98. The company’s stock had a trading volume of 517,678 shares, compared to its average volume of 792,273. The company has a market capitalization of $5.26 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.90 and a beta of 1.14. The company has a quick ratio of 0.43, a current ratio of 1.24 and a debt-to-equity ratio of 2.19. Polaris Industries has a one year low of $70.27 and a one year high of $131.25.
Polaris Industries (NYSE:PII) last announced its quarterly earnings data on Tuesday, January 29th. The company reported $1.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.01. Polaris Industries had a return on equity of 45.91% and a net margin of 5.52%. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company posted $1.47 EPS. Polaris Industries’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, research analysts anticipate that Polaris Industries will post 6.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.61 per share. This is an increase from Polaris Industries’s previous quarterly dividend of $0.60. The ex-dividend date is Thursday, February 28th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.87%. Polaris Industries’s dividend payout ratio is presently 36.59%.
About Polaris Industries
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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