Sei Investments Co. Grows Stock Position in Polaris Inc. $PII

Sei Investments Co. boosted its holdings in Polaris Inc. (NYSE:PII) by 65.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,126 shares of the company’s stock after acquiring an additional 47,220 shares during the period. Sei Investments Co.’s holdings in Polaris were worth $6,492,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. purchased a new stake in Polaris in the fourth quarter valued at $27,000. Danske Bank A S grew its holdings in shares of Polaris by 150.0% during the 4th 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 period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Polaris during the 4th quarter worth about $40,000. Bard Associates Inc. acquired a new stake in shares of Polaris during the 4th quarter worth about $46,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Polaris in the 4th quarter valued at about $52,000. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

Polaris Stock Performance

Shares of Polaris stock opened at $70.66 on Tuesday. The business has a 50-day simple moving average of $69.26 and a 200-day simple moving average of $64.18. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.47 and a current ratio of 1.20. Polaris Inc. has a one year low of $47.14 and a one year high of $77.98. The company has a market cap of $4.02 billion, a PE ratio of -15.26 and a beta of 1.26.

Polaris (NYSE:PII) last issued its quarterly 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. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the firm earned ($1.39) earnings per share. The firm’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, equities research analysts forecast that Polaris Inc. will post 2.92 EPS for the current fiscal year.

Polaris Dividend Announcement

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 3.8%. The ex-dividend date is Tuesday, September 1st. Polaris’s dividend payout ratio (DPR) is presently -58.75%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris in a research report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on shares of Polaris from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 29th. Roth Capital restated a “neutral” rating on shares of Polaris in a report on Wednesday, July 29th. Zacks Research upgraded shares of Polaris from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Polaris in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Polaris has an average rating of “Hold” and a consensus target price of $67.00.

Polaris Company 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.