Polaris Industries Inc. (NYSE:PII) SVP James P. Williams sold 20,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $127.08, for a total value of $2,541,600.00. Following the sale, the senior vice president now owns 22,664 shares in the company, valued at approximately $2,880,141.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Polaris Industries Inc. (PII) opened at $126.26 on Thursday. Polaris Industries Inc. has a fifty-two week low of $77.91 and a fifty-two week high of $134.29. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $7,763.37, a price-to-earnings ratio of 27.28, a PEG ratio of 1.71 and a beta of 1.41.
Polaris Industries (NYSE:PII) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.24. Polaris Industries had a return on equity of 33.81% and a net margin of 3.90%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. research analysts expect that Polaris Industries Inc. will post 4.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, November 30th. Polaris Industries’s dividend payout ratio (DPR) is currently 73.19%.
A number of equities research analysts have commented on PII shares. Stifel Nicolaus reiterated a “hold” rating and set a $87.00 target price on shares of Polaris Industries in a report on Thursday, September 7th. Zacks Investment Research cut Polaris Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Northcoast Research reiterated a “hold” rating on shares of Polaris Industries in a report on Tuesday, September 5th. KeyCorp restated a “sector weight” rating on shares of Polaris Industries in a report on Thursday, August 31st. Finally, Royal Bank Of Canada raised their price objective on Polaris Industries from $81.00 to $91.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. Polaris Industries currently has an average rating of “Hold” and an average price target of $99.27.
Institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc raised its position 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 buying an additional 13 shares during the period. Ffcm LLC raised its position in shares of Polaris Industries by 6.4% in the 2nd quarter. Ffcm LLC now owns 1,415 shares of the company’s stock worth $131,000 after buying an additional 85 shares during the period. Mosaic Family Wealth LLC raised its position in shares of Polaris Industries by 7.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,707 shares of the company’s stock worth $157,000 after buying an additional 115 shares during the period. HighPoint Advisor Group LLC purchased a new position in shares of Polaris Industries in the 3rd quarter worth $230,000. Finally, TD Asset Management Inc. purchased a new position in shares of Polaris Industries in the 3rd quarter worth $222,000. 91.08% of the stock is currently owned by institutional investors and hedge funds.
Polaris Industries Company Profile
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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