Polaris Inc. $PII Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management raised its holdings in Polaris Inc. (NYSE:PII) by 53.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,381 shares of the company’s stock after purchasing an additional 9,851 shares during the quarter. Ritholtz Wealth Management owned 0.05% of Polaris worth $1,547,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PII. Kemnay Advisory Services Inc. acquired a new stake in shares of Polaris during the 4th quarter worth about $27,000. Danske Bank A S raised its holdings in Polaris by 150.0% in the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after buying an additional 300 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Polaris in the fourth quarter valued at about $40,000. Bard Associates Inc. acquired a new position in Polaris in the fourth quarter valued at about $46,000. Finally, Hilton Head Capital Partners LLC purchased a new position in Polaris during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial reissued an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. Roth Mkm reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. Zacks Research downgraded shares of Polaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Morgan Stanley cut their target price on Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company upped their price target on Polaris from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.44.

Polaris Stock Performance

Shares of PII stock opened at $72.51 on Friday. The firm has a 50 day moving average of $66.45 and a two-hundred day moving average of $64.01. The stock has a market capitalization of $4.13 billion, a PE ratio of -9.25 and a beta of 1.26. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 2.72. Polaris Inc. has a 52 week low of $39.98 and a 52 week high of $75.25.

Polaris (NYSE:PII) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.56. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.63 billion. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, research analysts predict that Polaris Inc. will post 1.76 EPS for the current fiscal year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.68 per share. The ex-dividend date was Monday, June 1st. This represents a $2.72 annualized dividend and a yield of 3.8%. Polaris’s dividend payout ratio is -34.69%.

Polaris Profile

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.