Legal & General Group Plc Takes $5.22 Million Position in Polaris Inc. $PII

Legal & General Group Plc purchased a new position in shares of Polaris Inc. (NYSE:PII) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 76,307 shares of the company’s stock, valued at approximately $5,222,000. Legal & General Group Plc owned about 0.13% of Polaris as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kemnay Advisory Services Inc. purchased a new position in Polaris during the 4th quarter valued at about $27,000. Danske Bank A S grew 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 purchasing an additional 300 shares during the last quarter. Elevation Wealth Partners LLC grew its position in shares of Polaris by 471.0% in the second quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock valued at $39,000 after purchasing an additional 471 shares during the last quarter. Bard Associates Inc. purchased a new position in shares of Polaris during the 4th quarter worth approximately $46,000. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Polaris during the 4th quarter worth approximately $52,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PII has been the topic of a number of recent research reports. 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 note on Tuesday, May 19th. Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Citigroup boosted their target price on shares of Polaris from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Robert W. Baird raised their price target on shares of Polaris from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Polaris from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $67.00.

Polaris Stock Performance

Polaris stock opened at $60.74 on Friday. The stock has a fifty day moving average price of $68.02 and a 200 day moving average price of $63.98. Polaris Inc. has a 52 week low of $47.14 and a 52 week high of $77.98. The firm has a market capitalization of $3.46 billion, a P/E ratio of -13.12 and a beta of 1.27. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the business earned ($1.39) EPS. The firm’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. Equities research analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given 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 yield of 4.5%. Polaris’s dividend payout ratio is -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.