Polaris Industries Target of Unusually High Options Trading (PII)

Polaris Industries Inc. (NYSE:PII) saw some unusual options trading activity on Wednesday. Stock investors purchased 5,137 put options on the company. This is an increase of 653% compared to the typical volume of 682 put options.

Polaris Industries (PII) opened at 91.06 on Tuesday. The stock has a 50 day moving average of $87.42 and a 200-day moving average of $85.47. The stock has a market cap of $5.74 billion, a P/E ratio of 36.13 and a beta of 1.32. Polaris Industries has a 52 week low of $70.14 and a 52 week high of $99.00.

Polaris Industries (NYSE:PII) last posted its earnings results on Tuesday, April 25th. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.05. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.11 billion. Polaris Industries had a net margin of 3.48% and a return on equity of 25.64%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. Analysts forecast that Polaris Industries will post $4.43 earnings per share for the current year.

In other news, EVP Michael T. Speetzen sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $84.07, for a total transaction of $420,350.00. Following the completion of the transaction, the executive vice president now directly owns 10,333 shares of the company’s stock, valued at approximately $868,695.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Matthew J. Homan sold 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $86.96, for a total transaction of $226,096.00. Following the transaction, the insider now directly owns 20,871 shares of the company’s stock, valued at $1,814,942.16. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Trust Co. of Vermont increased its stake in Polaris Industries by 132.0% in the second quarter. Trust Co. of Vermont now owns 1,183 shares of the company’s stock valued at $109,000 after buying an additional 673 shares in the last quarter. Ffcm LLC increased its stake in Polaris Industries by 4.3% in the first quarter. Ffcm LLC now owns 1,330 shares of the company’s stock valued at $112,000 after buying an additional 55 shares in the last quarter. NEXT Financial Group Inc increased its stake in Polaris Industries by 1,315.0% in the first quarter. NEXT Financial Group Inc now owns 1,415 shares of the company’s stock valued at $121,000 after buying an additional 1,315 shares in the last quarter. Mosaic Family Wealth LLC increased its stake in Polaris Industries by 4.1% in the first quarter. Mosaic Family Wealth LLC now owns 1,592 shares of the company’s stock valued at $133,000 after buying an additional 63 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Polaris Industries by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,627 shares of the company’s stock valued at $127,000 after buying an additional 70 shares in the last quarter. 93.85% of the stock is owned by institutional investors.

PII has been the subject of a number of recent research reports. B. Riley reissued a “neutral” rating and set a $82.00 price objective on shares of Polaris Industries in a research note on Friday, April 21st. Zacks Investment Research upgraded shares of Polaris Industries from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 15th. Royal Bank Of Canada restated a “hold” rating and set a $79.00 target price on shares of Polaris Industries in a research report on Friday, June 9th. Longbow Research restated an “underperform” rating and set a $60.00 target price on shares of Polaris Industries in a research report on Monday. Finally, BidaskClub upgraded shares of Polaris Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. Polaris Industries presently has a consensus rating of “Hold” and a consensus target price of $83.43.

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About Polaris Industries

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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