State of Alaska Department of Revenue Buys 24,895 Shares of Polaris Inc. $PII

Key Points

• The State of Alaska Department of Revenue increased its stake in Polaris Inc. by 56.6%, now holding 68,872 shares valued at approximately $2.8 million.
• Polaris reported $0.40 EPS for the last quarter, surpassing consensus estimates, with total revenue of $1.85 billion, though down 5.5% from the previous year.
• The company declared a quarterly dividend of $0.67 per share, translating to an annualized dividend yield of 4.3%.

State of Alaska Department of Revenue increased its stake in Polaris Inc. (NYSE:PII - Free Report) by 56.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,872 shares of the company's stock after acquiring an additional 24,895 shares during the period. State of Alaska Department of Revenue owned about 0.12% of Polaris worth $2,799,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fifth Third Bancorp lifted its stake in shares of Polaris by 46.9% in the 1st quarter. Fifth Third Bancorp now owns 996 shares of the company's stock valued at $41,000 after acquiring an additional 318 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in shares of Polaris by 5.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 7,984 shares of the company's stock valued at $327,000 after acquiring an additional 379 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Polaris by 2.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,234 shares of the company's stock valued at $583,000 after acquiring an additional 396 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Polaris by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 120,572 shares of the company's stock valued at $4,936,000 after acquiring an additional 423 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Polaris by 114.1% in the 1st quarter. UMB Bank n.a. now owns 805 shares of the company's stock valued at $33,000 after acquiring an additional 429 shares during the last quarter. Institutional investors own 88.06% of the company's stock.

Polaris Trading Up 6.0%

Polaris stock opened at $61.64 on Thursday. 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 business's fifty day simple moving average is $56.02 and its two-hundred day simple moving average is $45.50. Polaris Inc. has a 12 month low of $30.92 and a 12 month high of $84.08. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of -32.79 and a beta of 1.08.

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

Polaris Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, September 2nd. Polaris's dividend payout ratio (DPR) is currently -142.55%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets reissued 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. Zacks Research cut Polaris from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Royal Bank Of Canada increased their price objective on Polaris from $34.00 to $56.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Robert W. Baird increased their price objective on Polaris from $46.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, Roth Capital increased their price objective on Polaris from $32.00 to $41.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $51.92.

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.

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