Northbridge Financial Group LLC Acquires Shares of 8,974 Polaris Inc. $PII

Northbridge Financial Group LLC acquired a new stake in shares of Polaris Inc. (NYSE:PII) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,974 shares of the company’s stock, valued at approximately $568,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in Polaris by 15.7% during the second quarter. State Street Corp now owns 3,137,866 shares of the company’s stock valued at $127,554,000 after buying an additional 426,482 shares during the period. AQR Capital Management LLC lifted its position in Polaris by 30.1% during the third quarter. AQR Capital Management LLC now owns 2,281,101 shares of the company’s stock valued at $132,600,000 after buying an additional 528,300 shares during the period. American Century Companies Inc. lifted its position in Polaris by 24.2% during the third quarter. American Century Companies Inc. now owns 1,450,670 shares of the company’s stock valued at $84,328,000 after buying an additional 282,570 shares during the period. Dimensional Fund Advisors LP lifted its position in Polaris by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,344,231 shares of the company’s stock valued at $78,145,000 after buying an additional 7,054 shares during the period. Finally, Invesco Ltd. lifted its position in Polaris by 6.3% during the second quarter. Invesco Ltd. now owns 959,255 shares of the company’s stock valued at $38,994,000 after buying an additional 56,504 shares during the period. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup lifted their target price on shares of Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Morgan Stanley lowered 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. Robert W. Baird lifted their target price on shares of Polaris from $67.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Royal Bank Of Canada lowered 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. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Polaris in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $64.44.

Polaris Price Performance

PII opened at $60.04 on Wednesday. The stock has a 50-day moving average price of $58.00 and a 200-day moving average price of $63.22. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 0.48. The firm has a market cap of $3.42 billion, a PE ratio of -7.66 and a beta of 1.25. Polaris Inc. has a 1 year low of $36.73 and a 1 year high of $75.25.

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

Polaris Dividend Announcement

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

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.