Published On: Tue, Sep 13th, 2016

Lake Street Capital Cuts Polaris Industries Inc. (PII) Price Target to $85.00

Polaris Industries Inc. (NYSE:PII) had its price objective decreased by investment analysts at Lake Street Capital from $106.00 to $85.00 in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Lake Street Capital’s price objective would suggest a potential upside of 10.69% from the company’s previous close.
A number of other research analysts also recently commented on the stock. TheStreet downgraded shares of Polaris Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Longbow Research reiterated an “underperform” rating and set a $70.00 price objective on shares of Polaris Industries in a research note on Saturday, September 3rd. Citigroup Inc. increased their price objective on shares of Polaris Industries from $100.00 to $107.00 and gave the company a “buy” rating in a research note on Monday, August 29th. Royal Bank Of Canada reduced their price objective on shares of Polaris Industries from $97.00 to $84.00 and set a “sector perform” rating on the stock in a research note on Friday, July 1st. Finally, Wells Fargo & Co. restated a “hold” rating on shares of Polaris Industries in a research report on Monday, June 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Polaris Industries has an average rating of “Hold” and a consensus target price of $84.42.
Polaris Industries (NYSE:PII) opened at 76.79 on Tuesday. The stock’s 50 day moving average is $91.53 and its 200-day moving average is $90.54. Polaris Industries has a 52 week low of $67.80 and a 52 week high of $131.71. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 13.26 and a beta of 1.42.

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Polaris Industries (NYSE:PII) last announced its earnings results on Wednesday, July 20th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. The business earned $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. Polaris Industries had a net margin of 8.21% and a return on equity of 40.69%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 earnings per share. On average, equities research analysts expect that Polaris Industries will post $6.01 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, August 30th. Polaris Industries’s dividend payout ratio (DPR) is currently 38.19%.
A number of institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC raised its position in shares of Polaris Industries by 46.5% in the second quarter. Advisory Services Network LLC now owns 2,175 shares of the company’s stock worth $178,000 after buying an additional 690 shares during the period. GWM Advisors LLC bought a new position in shares of Polaris Industries during the second quarter worth about $203,000. Atria Investments LLC bought a new position in shares of Polaris Industries during the second quarter worth about $223,000. Canada Pension Plan Investment Board raised its position in shares of Polaris Industries by 27.8% in the first quarter. Canada Pension Plan Investment Board now owns 2,300 shares of the company’s stock worth $227,000 after buying an additional 500 shares during the period. Finally, Bancorpsouth Inc. bought a new position in shares of Polaris Industries during the first quarter worth about $248,000. 88.48% of the stock is currently owned by institutional investors and hedge funds.
Polaris Industries Company Profile
Polaris Industries Inc (Polaris) designs, engineers and manufactures 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, together with the related parts, garments and accessories.

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