IFG Advisory LLC Purchases 8,983 Shares of Polaris Inc. $PII

IFG Advisory LLC boosted its position in Polaris Inc. (NYSE:PII) by 25.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 43,973 shares of the company’s stock after acquiring an additional 8,983 shares during the quarter. IFG Advisory LLC’s holdings in Polaris were worth $1,787,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Systems of Alabama boosted its holdings in Polaris by 1.2% during the second quarter. Retirement Systems of Alabama now owns 64,564 shares of the company’s stock valued at $2,625,000 after acquiring an additional 758 shares during the period. Assetmark Inc. increased its stake in shares of Polaris by 218.8% in the second quarter. Assetmark Inc. now owns 1,903 shares of the company’s stock worth $77,000 after purchasing an additional 1,306 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Polaris by 21,325.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,714 shares of the company’s stock worth $70,000 after purchasing an additional 1,706 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in Polaris during the 2nd quarter valued at approximately $250,000. Finally, Eubel Brady & Suttman Asset Management Inc. boosted its stake in Polaris by 24.9% during the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 606,748 shares of the company’s stock valued at $24,664,000 after purchasing an additional 121,072 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Trading Down 1.7%

Shares of Polaris stock opened at $66.13 on Friday. Polaris Inc. has a 52-week low of $30.92 and a 52-week high of $75.25. The firm has a market capitalization of $3.72 billion, a PE ratio of -24.95 and a beta of 1.08. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.02 and a quick ratio of 0.37. The company’s fifty day moving average price is $61.29 and its two-hundred day moving average price is $49.76.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, October 28th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. Polaris had a negative net margin of 2.17% and a positive return on equity of 3.89%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Polaris has set its FY 2025 guidance at -0.050–0.050 EPS. Q4 2025 guidance at 0.050-0.050 EPS. On average, analysts expect that Polaris Inc. will post 1.11 EPS for the current year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, December 1st. Polaris’s dividend payout ratio is currently -101.13%.

Wall Street Analyst Weigh In

Several research analysts have commented on PII shares. UBS Group lifted their price target on Polaris from $45.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Roth Capital boosted their target price on shares of Polaris from $41.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Robert W. Baird increased their price target on shares of Polaris from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Royal Bank Of Canada raised their price target on shares of Polaris from $56.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Polaris in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $54.64.

About Polaris

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.