VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 37,300 Polaris Inc. $PII

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Polaris Inc. (NYSE:PII) during the 2nd quarter, Holdings Channel reports. The firm acquired 37,300 shares of the company’s stock, valued at approximately $2,553,000.

Several other large investors also recently made changes to their positions in the company. Kemnay Advisory Services Inc. bought a new stake in Polaris in the 4th quarter valued at about $27,000. Elevation Wealth Partners LLC boosted its holdings in Polaris by 471.0% in the second quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock worth $39,000 after acquiring an additional 471 shares in the last quarter. Bard Associates Inc. acquired a new stake in Polaris in the fourth quarter valued at approximately $46,000. Hilton Head Capital Partners LLC bought a new stake in shares of Polaris during the fourth quarter valued at approximately $52,000. Finally, Versant Capital Management Inc raised its position in shares of Polaris by 128.1% during the second quarter. Versant Capital Management Inc now owns 949 shares of the company’s stock worth $65,000 after purchasing an additional 533 shares during the period. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada increased their target price on Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. Citigroup lowered their price objective on shares of Polaris from $73.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday. Morgan Stanley dropped their price objective on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th. Bank of America reiterated a “neutral” rating on shares of Polaris in a report on Wednesday, July 29th. Finally, Roth Capital reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $67.38.

Polaris Stock Down 2.3%

PII stock opened at $57.91 on Friday. Polaris Inc. has a twelve month low of $47.14 and a twelve month high of $77.98. The company has a quick ratio of 0.47, a current ratio of 1.20 and a debt-to-equity ratio of 2.28. The stock’s 50 day moving average is $67.30 and its 200-day moving average is $63.79. The firm has a market capitalization of $3.30 billion, a PE ratio of -12.51 and a beta of 1.27.

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

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.68 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.72 annualized dividend and a dividend yield of 4.7%. Polaris’s dividend payout ratio 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.