Daiwa Securities Group Inc. Makes New $720,000 Investment in Polaris Inc. $PII

Daiwa Securities Group Inc. purchased a new stake in shares of Polaris Inc. (NYSE:PII) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,525 shares of the company’s stock, valued at approximately $720,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in Polaris during the fourth quarter worth approximately $10,778,000. Strs Ohio lifted its stake in shares of Polaris by 17,000.0% in the fourth quarter. Strs Ohio now owns 51,300 shares of the company’s stock worth $3,245,000 after buying an additional 51,000 shares during the last quarter. Comerica Bank boosted its holdings in shares of Polaris by 173.4% during the 4th quarter. Comerica Bank now owns 41,939 shares of the company’s stock worth $2,653,000 after buying an additional 26,601 shares during the period. Principal Financial Group Inc. grew its stake in Polaris by 60.8% in the 1st quarter. Principal Financial Group Inc. now owns 186,166 shares of the company’s stock valued at $10,146,000 after buying an additional 70,421 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in Polaris by 87.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 34,937 shares of the company’s stock worth $1,905,000 after acquiring an additional 16,252 shares during the period. Institutional investors and hedge funds own 88.06% of the company’s stock.

Polaris Stock Up 0.8%

Shares of PII stock opened at $69.22 on Friday. Polaris Inc. has a one year low of $47.14 and a one year high of $77.98. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 0.47. The stock has a fifty day moving average price of $69.58 and a 200 day moving average price of $64.26. The stock has a market cap of $3.94 billion, a P/E ratio of -14.95 and a beta of 1.26.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $1.21. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The business’s revenue for the quarter 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. Analysts predict that Polaris Inc. will post 3.22 earnings per share for the current year.

Polaris Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Polaris’s dividend payout ratio is -58.75%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Polaris from $74.00 to $69.00 and set an “equal weight” rating for the company in a report on Tuesday, May 19th. Weiss Ratings upgraded Polaris from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 29th. Wells Fargo & Company raised their price objective on shares of Polaris from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on shares of Polaris from $65.00 to $75.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 29th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Polaris in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.00.

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.