Insider Selling: Bennett J. Morgan Sells 2,721 Shares of Polaris Industries Stock (PII)
Polaris Industries (NYSE:PII) COO Bennett J. Morgan sold 2,721 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $146.04, for a total transaction of $397,374.84. Following the transaction, the chief operating officer now directly owns 106,752 shares in the company, valued at approximately $15,590,062. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Polaris Industries (NYSE:PII) traded down 0.50% on Wednesday, hitting $146.52. The stock had a trading volume of 371,724 shares. Polaris Industries has a 52 week low of $110.04 and a 52 week high of $151.59. The stock’s 50-day moving average is $145. and its 200-day moving average is $136.. The company has a market cap of $9.664 billion and a P/E ratio of 25.53.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.42 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter 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. 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 1.31%. The ex-dividend date of this dividend is Thursday, August 28th.
A number of research firms have recently commented on PII. 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $162.11.
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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