Polaris Inc. (NYSE:PII) was the recipient of unusually large options trading activity on Monday. Stock traders bought 2,680 put options on the company. This is an increase of approximately 896% compared to the typical volume of 269 put options.
In other Polaris news, CFO Robert Paul Mack sold 11,548 shares of Polaris stock in a transaction on Tuesday, January 26th. The shares were sold at an average price of $126.01, for a total transaction of $1,455,163.48. Following the completion of the sale, the chief financial officer now owns 13,573 shares of the company’s stock, valued at approximately $1,710,333.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 23,798 shares of company stock valued at $2,878,578 in the last ninety days. Company insiders own 3.20% of the company’s stock.
Several large investors have recently made changes to their positions in PII. Charles Schwab Investment Management Inc. lifted its holdings in shares of Polaris by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 795,707 shares of the company’s stock worth $75,067,000 after acquiring an additional 28,529 shares during the period. Fisher Asset Management LLC lifted its stake in Polaris by 48.1% in the 3rd quarter. Fisher Asset Management LLC now owns 606,820 shares of the company’s stock valued at $57,247,000 after purchasing an additional 196,956 shares during the last quarter. SRS Investment Management LLC lifted its stake in Polaris by 145.5% in the 3rd quarter. SRS Investment Management LLC now owns 584,500 shares of the company’s stock valued at $55,142,000 after purchasing an additional 346,393 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in Polaris in the 3rd quarter valued at approximately $39,909,000. Finally, Raymond James & Associates lifted its stake in Polaris by 42.4% in the 3rd quarter. Raymond James & Associates now owns 361,970 shares of the company’s stock valued at $34,149,000 after purchasing an additional 107,739 shares during the last quarter. Hedge funds and other institutional investors own 73.65% of the company’s stock.
Several equities analysts have recently issued reports on PII shares. Morgan Stanley boosted their price target on shares of Polaris from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, January 27th. Stifel Nicolaus cut their price objective on shares of Polaris from $110.00 to $103.00 and set a “hold” rating on the stock in a research report on Wednesday, October 28th. Truist boosted their price objective on shares of Polaris from $110.00 to $125.00 in a research report on Wednesday, January 27th. BMO Capital Markets boosted their price target on shares of Polaris from $136.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 27th. Finally, Robert W. Baird raised shares of Polaris from a “neutral” rating to an “outperform” rating and set a $122.00 price target on the stock in a research report on Monday, October 5th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Polaris presently has a consensus rating of “Buy” and a consensus target price of $117.47.
Shares of PII opened at $114.26 on Tuesday. Polaris has a 52 week low of $37.35 and a 52 week high of $129.00. The firm has a market cap of $7.05 billion, a P/E ratio of 346.24 and a beta of 2.05. The firm’s 50-day simple moving average is $105.38 and its 200 day simple moving average is $99.17. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.52 and a current ratio of 1.06.
Polaris (NYSE:PII) last announced its quarterly earnings results on Monday, January 25th. The company reported $3.34 EPS for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.44. Polaris had a net margin of 0.38% and a return on equity of 40.78%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business earned $1.83 EPS. Polaris’s quarterly revenue was up 24.2% on a year-over-year basis. As a group, equities analysts forecast that Polaris will post 7.27 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 15th. Shareholders of record on Monday, March 1st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, February 26th. This is a positive change from Polaris’s previous quarterly dividend of $0.62. Polaris’s dividend payout ratio is presently 39.24%.
Polaris 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 bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.
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