Freestone Grove Partners LP Takes Position in Polaris Inc. $PII

Freestone Grove Partners LP bought a new position in shares of Polaris Inc. (NYSE:PII) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 86,230 shares of the company’s stock, valued at approximately $5,902,000. Freestone Grove Partners LP owned about 0.15% of Polaris as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in Polaris in the fourth quarter valued at $27,000. Danske Bank A S grew its position in shares of Polaris by 150.0% during the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock worth $32,000 after buying an additional 300 shares during the period. Elevation Wealth Partners LLC grew its position in shares of Polaris by 471.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock worth $39,000 after buying an additional 471 shares during the period. Bard Associates Inc. bought a new stake in shares of Polaris in the 4th quarter valued at $46,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Polaris in the 4th quarter valued at $52,000. Institutional investors own 88.06% of the company’s stock.

Wall Street Analyst Weigh In

PII has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Polaris from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on Polaris from $65.00 to $75.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 29th. Morgan Stanley lowered their target price on Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 19th. Weiss Ratings upgraded shares of Polaris from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Finally, Zacks Research raised Polaris from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $67.00.

Polaris Price Performance

PII opened at $63.87 on Friday. The firm has a 50-day moving average of $68.67 and a 200 day moving average of $64.14. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.47 and a current ratio of 1.20. Polaris Inc. has a fifty-two week low of $47.14 and a fifty-two week high of $77.98. The firm has a market cap of $3.63 billion, a P/E ratio of -13.79 and a beta of 1.26.

Polaris (NYSE:PII) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $1.21. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. Polaris’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.39) EPS. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. On average, research analysts expect that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.68 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.72 annualized dividend and a dividend yield of 4.3%. Polaris’s dividend payout ratio is currently -58.75%.

Polaris 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.