Polaris Industries Sees Unusually Large Options Volume (PII)

Polaris Industries Inc. (NYSE:PII) was the target of some unusual options trading activity on Wednesday. Stock investors bought 3,606 call options on the company. This is an increase of approximately 1,342% compared to the average volume of 250 call options.

Polaris Industries (PII) opened at $126.11 on Friday. The stock has a market cap of $7,943.49, a PE ratio of 27.91, a PEG ratio of 1.75 and a beta of 1.40. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 1.00. Polaris Industries has a 1 year low of $77.91 and a 1 year high of $134.29.

Polaris Industries (NYSE:PII) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.24. Polaris Industries had a net margin of 3.90% and a return on equity of 33.81%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The business’s revenue was up 24.8% on a year-over-year basis. research analysts forecast that Polaris Industries will post 4.85 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.58 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.84%. Polaris Industries’s dividend payout ratio is presently 73.19%.

PII has been the topic of a number of research analyst reports. Aegis reaffirmed a “buy” rating and set a $107.00 price target on shares of Polaris Industries in a research report on Thursday, August 17th. BidaskClub raised shares of Polaris Industries from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. KeyCorp reissued a “sector weight” rating on shares of Polaris Industries in a research report on Thursday, August 31st. Robert W. Baird reissued a “neutral” rating on shares of Polaris Industries in a research report on Sunday, September 3rd. Finally, Northcoast Research reissued a “hold” rating on shares of Polaris Industries in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $99.27.

In other Polaris Industries news, insider Michael D. Dougherty sold 8,000 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $122.23, for a total transaction of $977,840.00. Following the sale, the insider now owns 13,113 shares of the company’s stock, valued at $1,602,801.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stacy L. Bogart sold 20,000 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $122.05, for a total transaction of $2,441,000.00. Following the sale, the senior vice president now directly owns 30,975 shares in the company, valued at approximately $3,780,498.75. The disclosure for this sale can be found here. Insiders have sold 36,602 shares of company stock worth $4,441,121 in the last ninety days. Insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc raised its holdings in shares of Polaris Industries by 1.0% in the 2nd quarter. IFP Advisors Inc now owns 1,274 shares of the company’s stock worth $118,000 after acquiring an additional 13 shares during the last quarter. CAPROCK Group Inc. raised its holdings in shares of Polaris Industries by 0.5% in the 2nd quarter. CAPROCK Group Inc. now owns 4,990 shares of the company’s stock worth $460,000 after acquiring an additional 27 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Polaris Industries by 0.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,523 shares of the company’s stock worth $786,000 after acquiring an additional 35 shares during the last quarter. AMG Funds LLC raised its holdings in shares of Polaris Industries by 0.4% in the 2nd quarter. AMG Funds LLC now owns 11,805 shares of the company’s stock worth $1,089,000 after acquiring an additional 42 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Polaris Industries by 1.1% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,104 shares of the company’s stock worth $378,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 91.30% of the company’s stock.

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About Polaris Industries

Polaris Industries Inc designs, engineers and manufactures powersports vehicles, which include Off-Road Vehicles (ORV), including All-Terrain Vehicles (ATV) and side-by-side vehicles for recreational and utility use; Snowmobiles, Motorcycles and Global Adjacent Markets vehicles, including Work and Transportation and military vehicles.

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