Retirement Systems of Alabama Sells 9,614 Shares of Polaris Inc. $PII

Retirement Systems of Alabama lessened its position in shares of Polaris Inc. (NYSE:PII) by 14.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,894 shares of the company’s stock after selling 9,614 shares during the quarter. Retirement Systems of Alabama’s holdings in Polaris were worth $3,825,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new position in shares of Polaris in the fourth quarter valued at $27,000. Danske Bank A S boosted its stake in Polaris by 150.0% during the fourth quarter. Danske Bank A S now owns 500 shares of the company’s stock worth $32,000 after buying an additional 300 shares in the last quarter. Elevation Wealth Partners LLC boosted 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 buying an additional 471 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Polaris in the 4th quarter valued at $40,000. Finally, Bard Associates Inc. bought a new stake in Polaris in the 4th quarter valued at $46,000. 88.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on PII shares. Roth Capital reaffirmed a “neutral” rating on shares of Polaris in a report on Wednesday, July 29th. KeyCorp reissued a “sector weight” rating on shares of Polaris in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Polaris from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 29th. Wells Fargo & Company increased their price target on shares of Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Finally, Bank of America restated a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.

Polaris Stock Up 0.1%

Shares of PII opened at $68.62 on Friday. The company has a market capitalization of $3.90 billion, a P/E ratio of -14.82 and a beta of 1.26. Polaris Inc. has a one year low of $47.14 and a one year high of $77.98. The business’s 50 day simple moving average is $69.51 and its 200-day simple moving average is $64.23. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47.

Polaris (NYSE:PII) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share 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 firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period last year, the firm posted ($1.39) EPS. The business’s 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, sell-side analysts predict that Polaris Inc. will post 3.22 EPS for the current fiscal year.

Polaris Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 4.0%. Polaris’s dividend payout ratio (DPR) is -58.75%.

About Polaris

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.