Polaris Inc. $PII Shares Sold by Royal Bank of Canada

Royal Bank of Canada lessened its stake in Polaris Inc. (NYSE:PII) by 11.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,157 shares of the company’s stock after selling 12,733 shares during the quarter. Royal Bank of Canada owned approximately 0.17% of Polaris worth $5,131,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new stake in shares of Polaris in the fourth quarter worth approximately $27,000. Danske Bank A S raised its position in shares of Polaris by 150.0% in the fourth 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 last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Polaris in the fourth quarter worth about $40,000. Bard Associates Inc. acquired a new position in Polaris during the fourth quarter worth about $46,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Polaris during the 4th quarter valued at about $52,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PII has been the subject of several analyst reports. Robert W. Baird upped their target price on Polaris from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Citigroup upped their price objective on Polaris from $70.00 to $73.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. KeyCorp reiterated a “sector weight” rating on shares of Polaris in a research report on Wednesday, July 29th. Morgan Stanley reduced 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, Zacks Research upgraded Polaris from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Polaris currently has an average rating of “Hold” and a consensus target price of $67.00.

Polaris Price Performance

Shares of NYSE PII opened at $68.46 on Thursday. The firm has a market capitalization of $3.90 billion, a PE ratio of -14.79 and a beta of 1.26. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.47 and a current ratio of 1.20. Polaris Inc. has a fifty-two week low of $47.14 and a fifty-two week high of $77.98. The stock’s 50-day simple moving average is $69.52 and its 200-day simple moving average is $64.23.

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

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.72 annualized dividend and a dividend yield of 4.0%. 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.