Geode Capital Management LLC Sells 16,753 Shares of Polaris Inc. $PII

Geode Capital Management LLC decreased its holdings in shares of Polaris Inc. (NYSE:PII) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,326,775 shares of the company’s stock after selling 16,753 shares during the period. Geode Capital Management LLC’s holdings in Polaris were worth $83,931,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Danske Bank A S raised its position in Polaris by 150.0% during the 4th quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Polaris during the 4th quarter valued at approximately $40,000. Canada Pension Plan Investment Board bought a new position in Polaris during the 2nd quarter valued at approximately $73,000. FNY Investment Advisers LLC bought a new position in Polaris during the 4th quarter valued at approximately $75,000. Finally, NewEdge Advisors LLC raised its position in 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 purchasing an additional 477 shares during the last quarter. Institutional investors own 88.06% of the company’s stock.

Polaris Stock Performance

Polaris stock opened at $66.14 on Monday. The company has a quick ratio of 0.48, a current ratio of 1.21 and a debt-to-equity ratio of 2.72. The company has a market capitalization of $3.76 billion, a P/E ratio of -8.44 and a beta of 1.26. The stock’s 50 day moving average is $61.83 and its 200 day moving average is $63.48. Polaris Inc. has a twelve month low of $38.42 and a twelve month high of $75.25.

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

Polaris Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.68 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.72 annualized dividend and a dividend yield of 4.1%. Polaris’s dividend payout ratio is presently -34.69%.

Analyst Ratings Changes

A number of research analysts have commented on PII shares. Roth Mkm reaffirmed a “neutral” rating on shares of Polaris in a research report on Wednesday, April 29th. Citigroup upped their price target on Polaris from $58.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Wells Fargo & Company upped their target price on Polaris from $52.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Zacks Research downgraded Polaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Robert W. Baird upped their target price on Polaris from $67.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Polaris presently has a consensus rating of “Hold” and an average price target of $64.44.

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.