Ieq Capital LLC Takes Position in Polaris Inc. $PII

Key Points

• Ieq Capital LLC has made a new investment in Polaris Inc., purchasing 12,699 shares valued at approximately $520,000 in the first quarter.
• Polaris's recent quarterly earnings exceeded expectations, reporting $0.40 EPS against a consensus estimate of $0.05 EPS, although revenue was down 5.5% year-over-year.
• The company has declared a quarterly dividend of $0.67, with a dividend yield of 4.7%, set to be paid on September 15th.

Ieq Capital LLC bought a new position in Polaris Inc. (NYSE:PII - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,699 shares of the company's stock, valued at approximately $520,000.

Other large investors have also recently modified their holdings of the company. FORA Capital LLC boosted its position in shares of Polaris by 521.5% in the fourth quarter. FORA Capital LLC now owns 17,285 shares of the company's stock valued at $996,000 after acquiring an additional 14,504 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Polaris by 162.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,423 shares of the company's stock valued at $427,000 after acquiring an additional 6,453 shares during the period. Calton & Associates Inc. bought a new position in shares of Polaris in the first quarter valued at approximately $272,000. Cerity Partners LLC boosted its position in shares of Polaris by 25.9% in the first quarter. Cerity Partners LLC now owns 53,082 shares of the company's stock valued at $2,173,000 after acquiring an additional 10,906 shares during the period. Finally, Bard Financial Services Inc. bought a new position in shares of Polaris in the first quarter valued at approximately $1,577,000. Hedge funds and other institutional investors own 88.06% of the company's stock.

Polaris Stock Up 2.0%

Shares of PII stock traded up $1.19 during mid-day trading on Friday, reaching $59.14. 1,239,913 shares of the company's stock traded hands, compared to its average volume of 1,301,085. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $86.51. The company has a market cap of $3.32 billion, a P/E ratio of -31.46 and a beta of 1.08. The company has a quick ratio of 0.37, a current ratio of 1.04 and a debt-to-equity ratio of 1.17. The company's 50-day moving average price is $52.21 and its 200-day moving average price is $43.83.

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

Polaris Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.67 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.68 dividend on an annualized basis and a yield of 4.5%. Polaris's payout ratio is presently -142.55%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PII. Royal Bank Of Canada lifted their target price on shares of Polaris from $34.00 to $56.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of Polaris from a "strong sell" rating to a "hold" rating in a report on Saturday, August 2nd. Citigroup reaffirmed a "sell" rating and issued a $27.00 target price (up from $23.00) on shares of Polaris in a research note on Monday, June 16th. Robert W. Baird lifted their target price on shares of Polaris from $46.00 to $55.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Finally, Roth Capital lifted their target price on shares of Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $48.33.

Polaris Profile

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.