Polaris Industries Target of Unusually Large Options Trading (NYSE:PII)

Polaris Industries Inc. (NYSE:PII) was the recipient of unusually large options trading on Monday. Stock traders bought 2,457 put options on the stock. This is an increase of 879% compared to the average daily volume of 251 put options.

In other news, insider Stephen L. Eastman sold 8,028 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $97.97, for a total transaction of $786,503.16. Following the completion of the transaction, the insider now directly owns 17,706 shares of the company’s stock, valued at approximately $1,734,656.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. increased its position in shares of Polaris Industries by 7.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 10,040 shares of the company’s stock worth $673,000 after acquiring an additional 700 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Polaris Industries by 62.8% in the third quarter. Advisors Asset Management Inc. now owns 2,048 shares of the company’s stock worth $207,000 after purchasing an additional 790 shares in the last quarter. AQR Capital Management LLC grew its stake in Polaris Industries by 31.7% in the third quarter. AQR Capital Management LLC now owns 29,000 shares of the company’s stock worth $2,928,000 after purchasing an additional 6,979 shares in the last quarter. Ridgewood Investments LLC acquired a new position in Polaris Industries in the first quarter worth about $223,000. Finally, Lantz Financial LLC acquired a new position in Polaris Industries in the first quarter worth about $1,160,000. 78.48% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Polaris Industries to $102.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 24th. Wedbush raised Polaris Industries from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $101.00 to $117.00 in a research note on Thursday, May 2nd. Goldman Sachs Group began coverage on Polaris Industries in a research note on Wednesday, April 24th. They set a “buy” rating and a $123.00 target price for the company. TheStreet upgraded Polaris Industries from a “c+” rating to a “b-” rating in a report on Monday, April 22nd. Finally, Wells Fargo & Co upped their price target on Polaris Industries from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $110.38.

Shares of PII stock traded down $0.32 during mid-day trading on Wednesday, hitting $84.67. 303,100 shares of the company’s stock were exchanged, compared to its average volume of 709,588. The company has a quick ratio of 0.39, a current ratio of 1.31 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.93 and a beta of 1.17. Polaris Industries has a fifty-two week low of $70.27 and a fifty-two week high of $131.25.

Polaris Industries (NYSE:PII) last issued its earnings results on Tuesday, April 23rd. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.16. Polaris Industries had a return on equity of 46.89% and a net margin of 5.22%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company posted $1.08 EPS. The business’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, analysts anticipate that Polaris Industries will post 6.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Friday, May 31st. Polaris Industries’s payout ratio is 37.20%.

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About Polaris Industries

Polaris Industries Inc designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bike conversion kit systems; motorcycles; low emission, light duty hauling, passenger, and industrial vehicles; and boats.

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