Polaris Industries CEO Sells $11,872,000 in Stock (PII)
Polaris Industries (NYSE:PII) CEO Scott W. Wine sold 80,000 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $148.40, for a total transaction of $11,872,000.00. Following the completion of the transaction, the chief executive officer now directly owns 249,831 shares of the company’s stock, valued at approximately $37,074,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Polaris Industries (NYSE:PII) traded down 0.34% during mid-day trading on Tuesday, hitting $147.73. 591,551 shares of the company’s stock traded hands. Polaris Industries has a 52 week low of $108.68 and a 52 week high of $151.00. The stock’s 50-day moving average is $136.3 and its 200-day moving average is $133.. The company has a market cap of $9.744 billion and a price-to-earnings ratio of 25.70.
Polaris Industries (NYSE:PII) last released its earnings data on Tuesday, July 22nd. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.39 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1,000.00 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. On average, analysts predict that Polaris Industries will post $6.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, August 28th.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Polaris Industries from $155.00 to $170.00 in a research note on Thursday, July 31st. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Polaris Industries in a research note on Tuesday, July 29th. They now have a $174.00 price target on the stock, up previously from $159.00. Finally, analysts at RBC Capital raised their price target on shares of Polaris Industries from $154.00 to $162.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $159.83.
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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