Kingsview Wealth Management LLC Buys New Shares in Polaris Inc. $PII

Kingsview Wealth Management LLC bought a new stake in shares of Polaris Inc. (NYSE:PII) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 54,091 shares of the company’s stock, valued at approximately $3,421,000. Kingsview Wealth Management LLC owned about 0.10% of Polaris at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Danske Bank A S raised its stake in shares of Polaris by 150.0% in the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after buying an additional 300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Polaris during the 4th quarter valued at about $40,000. Canada Pension Plan Investment Board acquired a new stake in shares of Polaris during the 2nd quarter valued at about $73,000. FNY Investment Advisers LLC acquired a new stake in shares of Polaris during the 4th quarter valued at about $75,000. Finally, NewEdge Advisors LLC boosted its position in shares of Polaris by 34.1% during the 2nd quarter. NewEdge Advisors LLC now owns 1,877 shares of the company’s stock valued at $76,000 after acquiring an additional 477 shares in the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Zacks Research lowered shares of Polaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings lowered shares of Polaris from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Robert W. Baird increased their target price on shares of Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Raymond James Financial reiterated an “outperform” rating on shares of Polaris in a research report on Wednesday, April 29th. Finally, Citigroup increased their target price on shares of Polaris from $58.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.44.

Polaris Stock Up 1.0%

Shares of NYSE:PII opened at $70.74 on Friday. Polaris Inc. has a one year low of $36.73 and a one year high of $75.25. The company has a 50 day moving average of $60.52 and a 200-day moving average of $63.37. The company has a debt-to-equity ratio of 2.72, a current ratio of 1.21 and a quick ratio of 0.48. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of -9.02 and a beta of 1.25.

Polaris (NYSE:PII) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.43) by $0.56. Polaris had a negative net margin of 6.13% and a positive return on equity of 5.91%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the company earned ($0.90) EPS. Polaris’s revenue was up 8.0% on a year-over-year basis. Polaris has set its FY 2026 guidance at 1.600-1.700 EPS. On average, sell-side analysts forecast that Polaris Inc. will post 1.76 earnings per share for the current year.

Polaris Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.72 annualized dividend and a yield of 3.8%. Polaris’s dividend payout ratio (DPR) is presently -34.69%.

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.