Northbridge Financial Group LLC Takes $568,000 Position in Polaris Inc. $PII

Northbridge Financial Group LLC acquired a new stake in shares of Polaris Inc. (NYSE:PII) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,974 shares of the company’s stock, valued at approximately $568,000.

Other institutional investors have also recently made changes to their positions in the company. Danske Bank A S boosted its stake in shares of Polaris by 150.0% during 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 period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Polaris during the fourth quarter valued at approximately $40,000. Canada Pension Plan Investment Board purchased a new stake in shares of Polaris during the second quarter valued at approximately $73,000. FNY Investment Advisers LLC purchased a new stake in shares of Polaris during the fourth quarter valued at approximately $75,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Polaris by 34.1% during the second quarter. NewEdge Advisors LLC now owns 1,877 shares of the company’s stock valued at $76,000 after purchasing an additional 477 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

Shares of PII stock opened at $60.04 on Wednesday. The stock has a fifty day moving average of $58.00 and a 200 day moving average of $63.22. Polaris Inc. has a 52 week low of $36.73 and a 52 week high of $75.25. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of -7.66 and a beta of 1.25. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 2.72.

Polaris (NYSE:PII) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.56. Polaris had a positive return on equity of 5.91% and a negative net margin of 6.13%.The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the firm posted ($0.90) earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. As a group, research analysts expect that Polaris Inc. will post 1.7 earnings per share for the current year.

Polaris Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.68 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.72 annualized dividend and a yield of 4.5%. Polaris’s dividend payout ratio (DPR) is -34.69%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PII shares. Wells Fargo & Company increased their target price on shares of Polaris from $52.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Zacks Research upgraded shares of Polaris from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Morgan Stanley dropped their target price on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday. Roth Mkm reiterated a “neutral” rating on shares of Polaris in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada dropped their target price on shares of Polaris to $67.00 and set a “sector perform” rating for the company in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $64.44.

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.