Polaris Inc. $PII Shares Bought by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd increased its holdings in Polaris Inc. by 305.8% during the second quarter, now owning 31,687 shares worth approximately $1.29 million.
• According to recent analyst reports, Polaris's target price has been raised by several firms, with a consensus rating of "Hold" and an average price target of $52.33.
• Polaris recently declared a quarterly dividend of $0.67 per share, yielding 4.4%, despite a negative payout ratio of -142.55%.

Bayforest Capital Ltd increased its position in Polaris Inc. (NYSE:PII - Free Report) by 305.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,687 shares of the company's stock after buying an additional 23,878 shares during the period. Polaris accounts for approximately 0.6% of Bayforest Capital Ltd's investment portfolio, making the stock its 8th biggest holding. Bayforest Capital Ltd owned about 0.06% of Polaris worth $1,288,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Select Equity Group L.P. boosted its stake in Polaris by 142.1% during the 1st quarter. Select Equity Group L.P. now owns 1,620,565 shares of the company's stock valued at $66,346,000 after purchasing an additional 951,195 shares during the last quarter. Invesco Ltd. boosted its stake in Polaris by 352.5% during the 1st quarter. Invesco Ltd. now owns 902,751 shares of the company's stock valued at $36,959,000 after purchasing an additional 703,240 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Polaris by 12,099.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 513,343 shares of the company's stock valued at $21,016,000 after purchasing an additional 509,135 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Polaris by 677.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 544,295 shares of the company's stock valued at $22,283,000 after purchasing an additional 474,259 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Polaris by 341.5% during the 1st quarter. Millennium Management LLC now owns 604,674 shares of the company's stock valued at $24,755,000 after purchasing an additional 467,704 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PII has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of Polaris from $45.00 to $58.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Wall Street Zen raised shares of Polaris from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada lifted their target price on shares of Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. BMO Capital Markets reissued a "market perform" rating and set a $52.00 target price (up previously from $33.00) on shares of Polaris in a research report on Wednesday, July 30th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Polaris in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $52.33.

Polaris Stock Up 8.9%

PII opened at $61.31 on Tuesday. The company has a fifty day moving average price of $57.75 and a 200-day moving average price of $46.65. The firm has a market capitalization of $3.45 billion, a P/E ratio of -32.61 and a beta of 1.08. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.04 and a quick ratio of 0.37. Polaris Inc. has a one year low of $30.92 and a one year high of $84.08.

Polaris (NYSE:PII - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business earned $1.38 earnings per share. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. Polaris has set its Q3 2025 guidance at EPS. Equities research analysts expect that Polaris Inc. will post 1.11 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. Polaris's dividend payout ratio is -142.55%.

Polaris Company 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.

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