Polaris Industries Inc. (NYSE:PII) insider Michael D. Dougherty sold 15,000 shares of the company’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $125.60, for a total transaction of $1,884,000.00. Following the completion of the sale, the insider now directly owns 21,598 shares of the company’s stock, valued at $2,712,708.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Polaris Industries opened at $129.30 on Friday, according to MarketBeat Ratings. The stock has a market capitalization of $8.04 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 1.37 and a beta of 1.18. Polaris Industries Inc. has a fifty-two week low of $85.82 and a fifty-two week high of $137.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.41 and a current ratio of 1.24.
Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, April 24th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.19. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.22 billion. Polaris Industries had a return on equity of 36.32% and a net margin of 4.15%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. sell-side analysts expect that Polaris Industries Inc. will post 6.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a $0.60 dividend. The ex-dividend date is Thursday, May 31st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.86%. Polaris Industries’s dividend payout ratio is 49.48%.
A number of equities research analysts have weighed in on PII shares. BMO Capital Markets cut their price target on shares of Polaris Industries to $105.00 and set a “market perform” rating for the company in a report on Friday, April 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $114.00 price objective (up from $112.00) on shares of Polaris Industries in a research note on Friday, April 13th. ValuEngine raised shares of Polaris Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. Zacks Investment Research lowered shares of Polaris Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, April 4th. Finally, TheStreet raised shares of Polaris Industries from a “c+” rating to a “b” rating in a research note on Tuesday, April 24th. Fourteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $114.00.
Institutional investors and hedge funds have recently modified their holdings of the company. Calton & Associates Inc. acquired a new position in shares of Polaris Industries in the 4th quarter valued at about $112,000. Gradient Investments LLC acquired a new position in shares of Polaris Industries in the 4th quarter valued at about $113,000. Delpha Capital Management LLC acquired a new position in shares of Polaris Industries in the 4th quarter valued at about $120,000. NuWave Investment Management LLC acquired a new position in shares of Polaris Industries in the 4th quarter valued at about $123,000. Finally, Assetmark Inc. increased its holdings in shares of Polaris Industries by 1,097.8% in the 4th quarter. Assetmark Inc. now owns 1,078 shares of the company’s stock valued at $134,000 after purchasing an additional 988 shares during the period. Institutional investors own 86.92% of the company’s stock.
About Polaris Industries
Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. The company operates through four segments: Off-Road Vehicles (ORVs)/Snowmobiles, Motorcycles, Global Adjacent Markets, and Aftermarket. It offers ORVs, including all-terrain vehicles and side-by-side vehicles for recreational and utility use; snowmobiles; motorcycles; and low emission, light duty hauling, passenger, commercial, and industrial vehicles, as well as snow bike conversion kit systems.
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