EP Wealth Advisors LLC Acquires New Position in Polaris Inc. $PII

EP Wealth Advisors LLC bought a new position in shares of Polaris Inc. (NYSE:PII) during the second quarter, HoldingsChannel.com reports. The firm bought 9,439 shares of the company’s stock, valued at approximately $646,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kemnay Advisory Services Inc. acquired a new position in Polaris in the 4th quarter valued at $27,000. Danske Bank A S boosted its holdings in shares of 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 purchasing an additional 300 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of 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 purchasing an additional 471 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Polaris in the fourth quarter valued at $40,000. Finally, Bard Associates Inc. purchased a new stake in shares of Polaris in the fourth quarter valued at $46,000. 88.06% of the stock is owned by hedge funds and other institutional investors.

Polaris Stock Down 0.0%

Shares of NYSE PII opened at $64.37 on Tuesday. The stock has a market capitalization of $3.66 billion, a PE ratio of -13.90 and a beta of 1.26. 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 firm has a fifty day moving average of $69.19 and a 200-day moving average of $64.25. Polaris Inc. has a 52-week low of $47.14 and a 52-week high of $77.98.

Polaris (NYSE:PII) last issued its earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share for the quarter, topping 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 business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company posted ($1.39) EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. On average, analysts anticipate that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, September 1st. Polaris’s dividend payout ratio (DPR) is -58.75%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PII. Zacks Research upgraded Polaris from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. KeyCorp reissued a “sector weight” rating on shares of Polaris in a research note on Wednesday, July 29th. Robert W. Baird lifted their price target on Polaris from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of Polaris from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada increased their price objective on shares of Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.00.

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.