37,300 Shares in Polaris Inc. $PII Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Polaris Inc. (NYSE:PIIFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,300 shares of the company’s stock, valued at approximately $2,553,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of Polaris as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Kemnay Advisory Services Inc. bought a new stake in shares of Polaris in the fourth quarter worth $27,000. Elevation Wealth Partners LLC raised its position in Polaris by 471.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock worth $39,000 after purchasing an additional 471 shares during the last quarter. Bard Associates Inc. bought a new position in Polaris during the 4th quarter worth $46,000. Hilton Head Capital Partners LLC acquired a new position in Polaris during the 4th quarter worth about $52,000. Finally, Versant Capital Management Inc lifted its holdings in Polaris by 128.1% during the 2nd quarter. Versant Capital Management Inc now owns 949 shares of the company’s stock worth $65,000 after buying an additional 533 shares during the period. Institutional investors own 88.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PII. Roth Capital reissued a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. Citigroup cut their price objective on Polaris from $73.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday. Zacks Research raised shares of Polaris from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Bank of America reissued a “neutral” rating on shares of Polaris in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company raised their price target on shares of Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Polaris has an average rating of “Hold” and an average price target of $67.38.

Read Our Latest Analysis on Polaris

Polaris Stock Performance

Shares of Polaris stock opened at $57.91 on Friday. The business has a 50-day moving average price of $67.30 and a two-hundred day moving average price of $63.79. Polaris Inc. has a 1-year low of $47.14 and a 1-year high of $77.98. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28. The company has a market cap of $3.30 billion, a P/E ratio of -12.51 and a beta of 1.27.

Polaris (NYSE:PIIGet Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business earned ($1.39) EPS. The firm’s 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. As a group, analysts anticipate that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Tuesday, September 1st. Polaris’s dividend payout ratio is presently -58.75%.

Polaris Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Polaris (NYSE:PII)

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