Polaris Industries Inc. (NYSE:PII) insider Michael D. Dougherty sold 8,000 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $122.23, for a total transaction of $977,840.00. Following the transaction, the insider now owns 13,113 shares of the company’s stock, valued at approximately $1,602,801.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Polaris Industries Inc. (NYSE:PII) opened at 118.43 on Wednesday. The company has a 50-day moving average of $107.67 and a 200-day moving average of $93.86. The stock has a market capitalization of $7.41 billion, a P/E ratio of 49.53 and a beta of 1.31. Polaris Industries Inc. has a 52 week low of $74.65 and a 52 week high of $126.85.
Polaris Industries (NYSE:PII) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $1.46 EPS for the quarter, topping the Zacks’ 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 company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm earned $0.50 EPS. The firm’s revenue was up 24.8% compared to the same quarter last year. On average, analysts anticipate that Polaris Industries Inc. will post $4.84 EPS for the current year.
The firm also recently declared 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 of this dividend is Thursday, November 30th. This represents a $2.32 dividend on an annualized basis and a yield of 1.96%. Polaris Industries’s dividend payout ratio is presently 73.19%.
TRADEMARK VIOLATION NOTICE: “Michael D. Dougherty Sells 8,000 Shares of Polaris Industries Inc. (PII) Stock” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/11/01/michael-d-dougherty-sells-8000-shares-of-polaris-industries-inc-pii-stock.html.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc lifted its holdings in 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 purchasing an additional 13 shares in the last quarter. Sheets Smith Wealth Management lifted its holdings in Polaris Industries by 0.6% in the 2nd quarter. Sheets Smith Wealth Management now owns 2,454 shares of the company’s stock worth $226,000 after purchasing an additional 14 shares in the last quarter. CAPROCK Group Inc. lifted its holdings in 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 purchasing an additional 27 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in 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 purchasing an additional 35 shares in the last quarter. Finally, AMG Funds LLC lifted its holdings in 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 purchasing an additional 42 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $87.00 target price (up previously from $86.00) on shares of Polaris Industries in a research report on Monday, July 24th. B. Riley reiterated a “neutral” rating and set a $91.00 target price on shares of Polaris Industries in a research report on Friday, July 21st. SunTrust Banks, Inc. reiterated a “hold” rating and set a $115.00 target price on shares of Polaris Industries in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Royal Bank Of Canada lowered shares of Polaris Industries from a “sector perform” rating to an “underperform” rating and set a $80.00 target price for the company. in a research report on Friday, July 21st. Finally, Aegis reiterated a “buy” rating and set a $107.00 target price on shares of Polaris Industries in a research report on Thursday, August 17th. 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $99.27.
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.
What are top analysts saying about Polaris Industries Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Polaris Industries Inc. and related companies.