Insider Selling: Bennett J. Morgan Sells 6,022 Shares of Polaris Industries Stock (PII)
Polaris Industries (NYSE:PII) COO Bennett J. Morgan sold 6,022 shares of Polaris Industries stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $146.57, for a total transaction of $882,644.54. Following the completion of the transaction, the chief operating officer now directly owns 106,752 shares in the company, valued at approximately $15,646,641. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $162.11.
Polaris Industries (NYSE:PII) traded down 0.21% during mid-day trading on Friday, hitting $145.38. The stock had a trading volume of 351,620 shares. Polaris Industries has a 52-week low of $108.68 and a 52-week high of $151.59. The stock’s 50-day moving average is $144.3 and its 200-day moving average is $136.1. The company has a market cap of $9.589 billion and a P/E ratio of 25.26.
Polaris Industries (NYSE:PII) last announced its earnings results 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. Analysts expect that Polaris Industries will post $6.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors 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 1.32%. The ex-dividend date of this dividend is Thursday, August 28th.
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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