Polaris Industries COO Bennett J. Morgan Sells 69,358 Shares (PII)
Polaris Industries (NYSE:PII) COO Bennett J. Morgan sold 69,358 shares of Polaris Industries stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $146.61, for a total transaction of $10,168,576.38. Following the completion of the sale, the chief operating officer now directly owns 106,752 shares of the company’s stock, valued at approximately $15,650,911. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $162.11.
Polaris Industries (NYSE:PII) traded down 0.50% on Wednesday, hitting $146.52. 371,724 shares of the company’s stock traded hands. Polaris Industries has a 1-year low of $110.04 and a 1-year 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 price-to-earnings ratio of 25.53.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results 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 announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders 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 1.31%. 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).