Principal Financial Group Inc. Purchases 70,421 Shares of Polaris Inc. $PII

Principal Financial Group Inc. increased its position in shares of Polaris Inc. (NYSE:PII) by 60.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 186,166 shares of the company’s stock after purchasing an additional 70,421 shares during the period. Principal Financial Group Inc.’s holdings in Polaris were worth $10,146,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PII. Kemnay Advisory Services Inc. acquired a new position in Polaris during the fourth quarter valued at approximately $27,000. Danske Bank A S boosted its holdings in shares of Polaris by 150.0% in the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Polaris in the 4th quarter valued at $40,000. Bard Associates Inc. bought a new position in shares of Polaris in the 4th quarter valued at $46,000. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Polaris in the 4th quarter valued at $52,000. 88.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on PII shares. Morgan Stanley dropped their price objective on Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. Zacks Research upgraded Polaris from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Roth Capital reiterated a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their target price on Polaris from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, July 10th. Finally, Citigroup increased their target price on shares of Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. One 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $65.00.

Polaris Stock Performance

NYSE PII opened at $73.00 on Friday. The firm’s fifty day moving average price is $68.66 and its two-hundred day moving average price is $64.25. The stock has a market cap of $4.15 billion, a PE ratio of -9.31 and a beta of 1.25. Polaris Inc. has a fifty-two week low of $47.14 and a fifty-two week high of $75.25. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.48 and a current ratio of 1.21.

Polaris (NYSE:PII) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.13 EPS for the quarter, beating 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 analysts’ expectations of $1.63 billion. During the same period in the prior year, the company earned ($0.90) EPS. Polaris’s revenue was up 8.0% compared to the same quarter last year. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, equities analysts expect that Polaris Inc. will post 1.76 EPS for the current fiscal year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, June 1st. Polaris’s dividend payout ratio is presently -34.69%.

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.