Insider Selling: Michael P. Jonikas Sells 15,006 Shares of Polaris Industries Stock (PII)
Polaris Industries (NYSE:PII) VP Michael P. Jonikas unloaded 15,006 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $147.00, for a total value of $2,205,882.00. Following the sale, the vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $1,470,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on PII shares. 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 analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Polaris Industries currently has an average rating of “Buy” and a consensus price target of $162.11.
Polaris Industries (NYSE:PII) traded down 0.21% 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 has a 50-day moving average of $144.3 and a 200-day moving average of $136.1. The company has a market cap of $9.589 billion and a price-to-earnings ratio of 25.26.
Polaris Industries (NYSE:PII) last issued its quarterly 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 announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.32%. The ex-dividend date 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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