NFJ Investment Group LLC Buys Shares of 50,034 Polaris Inc. $PII

NFJ Investment Group LLC bought a new position in shares of Polaris Inc. (NYSE:PII) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,034 shares of the company’s stock, valued at approximately $3,424,000.

A number of other large investors also recently modified their holdings of the business. Kemnay Advisory Services Inc. acquired a new position in shares of Polaris in the 4th quarter valued at about $27,000. Danske Bank A S grew its position in shares of Polaris by 150.0% during the 4th 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. Elevation Wealth Partners LLC raised its stake in Polaris by 471.0% during 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 during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Polaris during the fourth quarter worth about $40,000. Finally, Bard Associates Inc. bought a new position in Polaris in the fourth quarter worth about $46,000. 88.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PII has been the subject of a number of research reports. Citigroup lifted their target price on Polaris from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Morgan Stanley dropped their price target 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. Bank of America reissued a “neutral” rating on shares of Polaris in a report on Wednesday, July 29th. Weiss Ratings upgraded Polaris from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Finally, Raymond James Financial restated an “outperform” rating on shares of Polaris in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and one has assigned 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 $67.00.

Polaris Trading Down 2.8%

Shares of NYSE:PII opened at $64.14 on Friday. 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 company’s 50-day moving average price is $69.43 and its 200 day moving average price is $64.27. The company has a market cap of $3.65 billion, a PE ratio of -13.85 and a beta of 1.26. Polaris Inc. has a fifty-two week low of $47.14 and a fifty-two week high of $77.98.

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

Polaris Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 4.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Polaris’s dividend payout ratio (DPR) is -58.75%.

Polaris Company 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.