According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Gentex Corp., Masimo Corp., The Michaels Companies Inc., Boyd Gaming Corp.
Gentex Corp (GNTX, Financial): Chairman of the Board and CEO Fred Bauer Sold 618,000 Shares
Chairman of the Board and CEO of Gentex Corp (GNTX, Financial) Fred Bauer sold 618,000 shares during the past week at an average price of $16.42. Gentex has a market cap of $4.58 billion; its shares were traded around $15.87 with a P/E ratio of 14.43 and P/S ratio of 2.96. The trailing 12-month dividend yield of Gentex stocks is 2.15%. The forward dividend yield of Gentex stocks is 2.21%. Gentex had an annual average earnings growth of 14.7% over the past 10 years. GuruFocus rated Gentex the business predictability rank of 3.5-star.
Gentex stock prices have steadily risen, with periodic declines, for the past 10 years. The company's revenue growth has been consistent for the past 10 years, and its operating margin is expanding.
Gentex sells automatic dimming rearview mirrors and other automobile parts in American, Asian and European markets. The company expresses concern for possible decline of business from increasing competition from foreign and domestic companies and the possibility of cameras and displays replacing mirrors. Company plans to enhance its products with more electronic capabilities to keep up with the market.
GuruFocus has found one severe warning sign for GNTX:
- Asset growth exceeds revenue growth
Gentex announced its 2016 first quarter results. The company reported net sales of $405.6 million and net income of $80.3 million. This is compared to the company’s net sales of $368.9 million and net income of $77.2 million declared in its 2015 first quarter report.
Recent Trades:
Chairman of the Board and CEO Fred Bauer sold 618,000 shares of GNTX stock in June. Vice President Purchasing Joseph E. Matthews IV and General Counsel Scott P. Ryan together sold 4,140 shares of GNTX stock in December and June.
Masimo Corp (MASI, Financial): CEO and Chairman of the Board Joe E. Kiani Sold 300,000 Shares
CEO and Chairman of the Board of Masimo Corp. (MASI, Financial) Joe E. Kiani sold 300,000 shares during the past week at an average price of $50.09. Masimo has a market cap of $2.53 billion; its shares were traded around $51.58 with a P/E ratio of 30.17 and P/S ratio of 4.25. Masimo had an annual average earnings growth of 7.20% over the past five years.
Masimo stock prices are currently near its all-time high at $51.70 per share. The company's revenue has consistently grown.
Masimo is focused on obtaining patent protection for its products. The company recognizes a threat of increased competition if other competitors obtain and sell products with rainbow® technology.
GuruFocus has found three severe warning signs for MASI:
- Declining gross margin
- Declining operating margin
- Asset growth exceeds revenue growth
Masimo Corp. reported its 2016 first quarter financial results. The company announced total revenues of $171.2 million, compared to its 2015 first quarter total revenues of $154.5 million. The company reported net earnings of $27.6 million, compared to its 2015 net earnings of $20.5 million.
Recent Trades:
CEO and Chairman of the Board Joe E. Kiani sold 300,000 shares of MASI stock in June. EVP and CFO Raad Mark De sold 120,000 shares of MASI stock in February, March and May. EVP Business Devdelopment Paul Jansen sold 67,000 shares of MASI stock all together in April, May and June.
The Michaels Companies Inc. (MIK, Financial): Chairman and CEO Carl Rubin Sold 150,000 Shares
Chairman and CEO of The Michaels Companies Inc. (MIK, Financial) Carl Rubin sold 150,000 shares on June 6 at an average price of $30.29. The Michaels Companies has a market cap of $5.56 billion; its shares were traded around $26.77 with a P/E ratio of 15.22 and P/S ratio of 1.12.
The Michaels Companies stock price has declined after hitting its peak at a little bit above $30 per share recently. Overall, the company’s stock price has nearly doubled since its start in 2014.
For the fiscal year 2015, The Michaels Companies has expanded its business by strategies such as partnering with Pinterest, enhancing its direct mail and email marketing and improving its website. For the fiscal year 2016, The Michaels Companies plans to enhance its in-store shopping experience by creating a more aesthetically appealing environment, expand its marketing program to attract new customers, increase and identify merchandise that fits new trends, and more in order to increase business.
GuruFocus has found one severe warning for MIK:
1. Declining revenue per share
The Michaels Companies reported its 2016 first fiscal quarter results with net sales of $1.16 billion and net income of $70.8 million. This is compared to the company’s 2015 first fiscal quarter revenues of $1.08 billion and net income of $6.7 million. Comparable store sales have increased 0.9%.
Recent Trades:
Chairman and CEO Carl Rubin sold 325,000 shares of MIK stock in April and June. CAO and CFO Charles M. Sonsteby sold 185,566 shares of MIK stock on March 18 at the average price of $27.25. Eexecutive Vice President Supply Chain and IT Dennis A. Mullahy, Eexecutive Vice President General Counsel and Secretary Michael J. Veitenheimer, Executive Vice President Store Operations Theodore J. Bachmeier, Executive Vice President Marketing Stephen Jon Carlotti, and Executive Vice Peresident Category Management Philo Pappas together sold 286,159 shares of MIK stock in April, May and June.
Boyd Gaming Corp. (BYD, Financial): President and CEO Keith Smith Sold 138,068 Shares
President and CEO of Boyd Gaming Corp. (BYD, Financial) Keith Smith sold 138,068 shares on June 7 at an average price of $19.46. Boyd Gaming has a market cap of $2.09 billion; its shares were traded around $18.66 with a P/E ratio of 47.83 and P/S ratio of 0.97.
Boyd Gaming stock price is slowly recovering from a severe drop that began in 2007. Since 2009, the company's stock price has been growing; however, its revenue per share has been declining.
Boyd Gaming aims to increase its shareholder value through a number of means. This includes reducing unneeded expenses to increase efficiency, identify and take opportunities to expanded business, and deliver satisfying customer service in order to overcome competition.
GuruFocus has found one severe warning sign for BYD:
- Declining revenue per share
Boyd Gaming declared its 2016 first quarter results with net revenues of $552.4 million, an increase from last year’s $550.6 million. The company also reported net income of $33.2 million, an increase from last year’s $35.21 million.
Recent Trades:
President and CEO Keith Smith sold 138,068 shares of BYD stock on June 7 at the average price of $19.46. Director Paul W. Whetsell bought 7,500 shares of BYD stock on June 2 at the average price of $19.52. Executive Vice President and Secretary Brian A. Larson, Vice President William R. Boyd, Executive Vice President Marianne Boyd Johnson and Vice President William R. Boyd together sold 92,278 shares of BYD stock in March and June.
