Insider Selling: Polaris Industries VP Sells 10,472 Shares of Stock (PII)
Polaris Industries (NYSE:PII) VP Stephen L. Eastman sold 10,472 shares of the stock on the open market in a transaction dated Monday, May 19th. The shares were sold at an average price of $128.74, for a total value of $1,348,165.28. Following the transaction, the vice president now directly owns 10,528 shares of the company’s stock, valued at approximately $1,355,375. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Polaris Industries (NYSE:PII) traded up 1.51% during mid-day trading on Wednesday, hitting $128.30. The stock had a trading volume of 462,822 shares. Polaris Industries has a 52 week low of $90.57 and a 52 week high of $146.99. The stock has a 50-day moving average of $134.6 and a 200-day moving average of $135.0. The company has a market cap of $8.453 billion and a price-to-earnings ratio of 23.09.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.03. The company had revenue of $888.30 million for the quarter, compared to the consensus estimate of $891.91 million. During the same quarter in the prior year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 19.1% on a year-over-year basis. On average, analysts predict that Polaris Industries will post $6.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, May 29th.
Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Polaris Industries in a research note on Monday, April 28th. They now have a $159.00 price target on the stock. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $149.79.
Polaris Industries Inc (NYSE:PII) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, and on-road vehicles, including motorcycles and small electric vehicles (SEV), together with the related replacement parts, garments and accessories (PG&A).
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