Louisiana State Employees Retirement System Makes New Investment in Polaris Inc. $PII

Louisiana State Employees Retirement System bought a new stake in shares of Polaris Inc. (NYSE:PII) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,500 shares of the company’s stock, valued at approximately $845,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ritholtz Wealth Management purchased a new stake in Polaris during the fourth quarter worth approximately $1,172,000. WBI Investments LLC acquired a new stake in Polaris during the third quarter worth approximately $1,468,000. Jefferies Financial Group Inc. purchased a new stake in shares of Polaris during the 4th quarter worth approximately $10,778,000. Strs Ohio lifted its position in shares of Polaris by 17,000.0% during the 4th quarter. Strs Ohio now owns 51,300 shares of the company’s stock worth $3,245,000 after buying an additional 51,000 shares during the last quarter. Finally, Fieldview Capital Management LLC acquired a new position in shares of Polaris in the 3rd quarter valued at $1,670,000. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

PII has been the topic of a number of recent analyst reports. Roth Mkm reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. Morgan Stanley decreased their price objective on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Zacks Research lowered Polaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Citigroup lifted their target price on Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company boosted their target price on Polaris from $52.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.44.

Polaris Stock Performance

Shares of PII opened at $62.99 on Monday. The company’s 50 day simple moving average is $67.23 and its 200-day simple moving average is $63.90. The firm has a market cap of $3.58 billion, a PE ratio of -8.03 and a beta of 1.25. Polaris Inc. has a 12-month low of $44.98 and a 12-month high of $75.25. The company has a current ratio of 1.21, a quick ratio of 0.48 and a debt-to-equity ratio of 2.72.

Polaris (NYSE:PII) last released its quarterly earnings results on Monday, April 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.43) by $0.56. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.63 billion. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. Polaris’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.90) EPS. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, equities analysts predict that Polaris Inc. will post 1.76 EPS for the current year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.68 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.72 dividend on an annualized basis and a yield of 4.3%. Polaris’s payout ratio is currently -34.69%.

Polaris Company 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.