95,591 Shares in Polaris Inc. $PII Purchased by Ieq Capital LLC

Ieq Capital LLC purchased a new stake in shares of Polaris Inc. (NYSE:PII) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 95,591 shares of the company’s stock, valued at approximately $6,542,000. Ieq Capital LLC owned 0.17% of Polaris as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PII. Allworth Financial LP bought a new stake in shares of Polaris in the 2nd quarter worth approximately $654,000. NFJ Investment Group LLC bought a new stake in shares of Polaris during the second quarter valued at approximately $3,424,000. Vise Technologies Inc. bought a new stake in shares of Polaris during the second quarter valued at approximately $460,000. Meeder Advisory Services Inc. acquired a new position in shares of Polaris in the second quarter valued at $436,000. Finally, Tiemann Investment Advisors LLC acquired a new position in shares of Polaris in the second quarter valued at $243,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analyst Upgrades and Downgrades

PII has been the subject of several research reports. Morgan Stanley reduced their target price on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. Weiss Ratings raised shares of Polaris from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Wells Fargo & Company increased their price objective on shares of Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Citigroup raised their price objective on shares of Polaris from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Finally, Bank of America reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $67.00.

Polaris Trading Down 0.1%

Shares of PII opened at $64.31 on Monday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.47 and a current ratio of 1.20. The company has a market cap of $3.66 billion, a price-to-earnings ratio of -13.89 and a beta of 1.26. The stock has a fifty day moving average price of $69.30 and a two-hundred day moving average price of $64.27. Polaris Inc. has a 52-week low of $47.14 and a 52-week high of $77.98.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $1.21. Polaris had a positive return on equity of 16.77% and a negative net margin of 3.50%.The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company posted ($1.39) earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Analysts predict that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.2%. The ex-dividend date is Tuesday, September 1st. Polaris’s dividend payout ratio (DPR) is presently -58.75%.

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.