Polaris
About: Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, and on-road vehicles, including motorcycles, along with the related replacement parts, garments, and accessories. The firm entered the marine market after acquiring Boat Holdings in 2018, offering exposure to another segment of the outdoor lifestyle market. Polaris products retailed through more than 2,500 dealers in North America and through 1,500 international dealers as well as more than 25 subsidiaries and 90 distributors in more than 100 countries outside North America.
Employees: 18,500
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
2% more capital invested
Capital invested by funds: $3.73B [Q2] → $3.8B (+$64M) [Q3]
2.45% less ownership
Funds ownership: 84.35% [Q2] → 81.9% (-2.45%) [Q3]
3% less funds holding
Funds holding: 439 [Q2] → 426 (-13) [Q3]
16% less first-time investments, than exits
New positions opened: 66 | Existing positions closed: 79
18% less call options, than puts
Call options by funds: $39.9M | Put options by funds: $48.8M
24% less repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 165
50% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
DA Davidson Brandon Rolle 29% 1-year accuracy 2 / 7 met price target | 32%upside $84 | Buy Maintained | 24 Oct 2024 |
RBC Capital Sabahat Khan 93% 1-year accuracy 14 / 15 met price target | 15%upside $73 | Sector Perform Maintained | 23 Oct 2024 |
Keybanc Noah Zatzkin 50% 1-year accuracy 9 / 18 met price target | 26%upside $80 | Overweight Maintained | 23 Oct 2024 |
Baird Craig Kennison 67% 1-year accuracy 12 / 18 met price target | 32%upside $84 | Outperform Maintained | 23 Oct 2024 |
Financial journalist opinion
Based on 9 articles about PII published over the past 30 days