Dark Forest Capital Management LP Invests $3.44 Million in Polaris Inc. $PII

Key Points

• Dark Forest Capital Management LP has acquired 83,895 shares of Polaris Inc., valued at approximately $3.4 million, representing around 0.15% ownership of the company.
• Multiple institutional investors have increased their stakes in Polaris, with Tower Research Capital boosting its stake by 250.5% during the last quarter.
• Polaris recently reported quarterly earnings of $0.40 EPS, beating estimates, while also declaring a dividend of $0.67 per share with a yield of 4.7%.

Dark Forest Capital Management LP acquired a new position in shares of Polaris Inc. (NYSE:PII - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 83,895 shares of the company's stock, valued at approximately $3,435,000. Dark Forest Capital Management LP owned about 0.15% of Polaris at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC grew its position in shares of Polaris by 11.0% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 6,761 shares of the company's stock worth $277,000 after buying an additional 671 shares during the period. Quarry LP acquired a new position in shares of Polaris during the 1st quarter worth about $87,000. Calton & Associates Inc. acquired a new position in shares of Polaris during the 1st quarter worth about $451,000. Baird Financial Group Inc. grew its position in shares of Polaris by 8.8% during the 1st quarter. Baird Financial Group Inc. now owns 6,680 shares of the company's stock worth $273,000 after buying an additional 542 shares during the period. Finally, Landscape Capital Management L.L.C. grew its position in shares of Polaris by 235.5% during the 1st quarter. Landscape Capital Management L.L.C. now owns 79,914 shares of the company's stock worth $3,272,000 after buying an additional 56,097 shares during the period. 88.06% of the stock is owned by institutional investors.

Polaris Stock Up 2.0%

Shares of Polaris stock traded up $1.19 on Friday, reaching $59.14. 1,239,913 shares of the company were exchanged, compared to its average volume of 1,301,085. Polaris Inc. has a one year low of $30.92 and a one year high of $86.51. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of -31.46 and a beta of 1.08. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. The company has a 50-day moving average of $52.21 and a 200 day moving average of $43.83.

Polaris (NYSE:PII - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.35. Polaris had a positive return on equity of 5.16% and a negative net margin of 1.57%.The company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same quarter in the prior year, the business posted $1.38 EPS. The business's revenue was down 5.5% compared to the same quarter last year. Polaris has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Polaris Inc. will post 1.11 earnings per share for the current year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.67 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.68 annualized dividend and a yield of 4.5%. Polaris's dividend payout ratio (DPR) is presently -142.55%.

Wall Street Analyst Weigh In

PII has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their price objective on Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Wall Street Zen upgraded Polaris from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Citigroup restated a "sell" rating and issued a $27.00 target price (up previously from $23.00) on shares of Polaris in a research note on Monday, June 16th. Robert W. Baird boosted their target price on Polaris from $46.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $52.00 target price (up previously from $33.00) on shares of Polaris in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Polaris presently has a consensus rating of "Hold" and an average target price of $48.33.

About Polaris

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.