Ritholtz Wealth Management Raises Stake in Polaris Inc. $PII

Ritholtz Wealth Management boosted its position in shares of Polaris Inc. (NYSE:PII) by 53.2% in the 1st quarter, HoldingsChannel reports. The fund owned 28,381 shares of the company’s stock after acquiring an additional 9,851 shares during the period. Ritholtz Wealth Management’s holdings in Polaris were worth $1,547,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. WBI Investments LLC acquired a new position in shares of Polaris during the third quarter worth $1,468,000. Jefferies Financial Group Inc. acquired a new stake in Polaris in the fourth quarter valued at $10,778,000. Strs Ohio lifted its holdings in Polaris by 17,000.0% during the 4th quarter. Strs Ohio now owns 51,300 shares of the company’s stock worth $3,245,000 after buying an additional 51,000 shares during the last quarter. Fieldview Capital Management LLC purchased a new stake in Polaris during the 3rd quarter worth about $1,670,000. Finally, American Century Companies Inc. boosted its position in shares of Polaris by 24.2% during the 3rd quarter. American Century Companies Inc. now owns 1,450,670 shares of the company’s stock worth $84,328,000 after acquiring an additional 282,570 shares in the last quarter. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Price Performance

Shares of NYSE PII opened at $72.51 on Friday. The stock has a market cap of $4.13 billion, a P/E ratio of -9.25 and a beta of 1.26. Polaris Inc. has a twelve month low of $39.98 and a twelve month high of $75.25. The stock has a 50 day moving average of $66.45 and a two-hundred day moving average of $64.01. The company has a current ratio of 1.21, a quick ratio of 0.48 and a debt-to-equity ratio of 2.72.

Polaris (NYSE:PII) last announced its earnings results on Monday, April 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.56. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.63 billion. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.90) earnings per share. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, research analysts forecast that Polaris Inc. will post 1.76 earnings per share for the current year.

Polaris Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, June 1st. Polaris’s dividend payout ratio (DPR) is presently -34.69%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Polaris from $52.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Citigroup upped their price target on Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Morgan Stanley dropped their price target on shares of 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 cut shares of Polaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Roth Mkm restated a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Polaris presently 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.