Retirement Systems of Alabama Sells 9,614 Shares of Polaris Inc. $PII

Retirement Systems of Alabama trimmed its holdings in Polaris Inc. (NYSE:PII) by 14.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,894 shares of the company’s stock after selling 9,614 shares during the period. Retirement Systems of Alabama owned 0.10% of Polaris worth $3,825,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Baker Avenue Asset Management LP acquired a new stake in shares of Polaris in the 2nd quarter valued at $203,000. Oregon Public Employees Retirement Fund boosted its holdings in Polaris by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,211 shares of the company’s stock worth $767,000 after purchasing an additional 273 shares in the last quarter. Atria Investments Inc acquired a new position in Polaris during the second quarter worth $789,000. Elevation Wealth Partners LLC increased its position in 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 buying an additional 471 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Polaris during the second quarter worth $345,000. Institutional investors and hedge funds own 88.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on PII. Raymond James Financial reaffirmed an “outperform” rating on shares of Polaris in a research report on Wednesday, April 29th. Roth Capital reissued a “neutral” rating on shares of Polaris in a report on Wednesday, July 29th. Robert W. Baird raised their price objective on Polaris from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. KeyCorp restated a “sector weight” rating on shares of Polaris in a report on Wednesday, July 29th. Finally, Citigroup boosted their target price on Polaris from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.00.

Polaris Stock Up 0.1%

PII opened at $68.62 on Friday. The business has a 50 day moving average of $69.51 and a 200-day moving average of $64.23. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of -14.82 and a beta of 1.26. The company has a current ratio of 1.20, a quick ratio of 0.47 and a debt-to-equity ratio of 2.28. Polaris Inc. has a 1-year low of $47.14 and a 1-year high of $77.98.

Polaris (NYSE:PII) last announced its earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $1.21. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. Polaris’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.39) earnings per share. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. As a group, sell-side analysts anticipate that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 4.0%. The ex-dividend date is Tuesday, September 1st. Polaris’s dividend payout ratio (DPR) is currently -58.75%.

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.