Polaris (PII)

• Market cap: $1.92B
• 1 day: -2.41%
• 5 days: 4.95%
• 1 month: -17.44%
• 3 months: -39.21%
• 6 months: -51.78%
• Year to date: -39.06%
• 1 year: -58.74%
• 5 years: -49.10%
• 10 years: -75.69%
• Sector: Consumer Discretionary
• Industry: Recreational Vehicles

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 1,500 international dealers as well as more than 25 subsidiaries and 90 distributors in more than 100 countries outside North America.

Employees: 15,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]

19% more repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 126

5.83% more ownership

Funds ownership: 82.0% [Q3] → 87.83% (+5.83%) [Q4]

5% more first-time investments, than exits

New positions opened: 89 | Existing positions closed: 85

1% less funds holding

Funds holding: 430 [Q3] → 426 (-4) [Q4]

26% less capital invested

Capital invested by funds: $3.8B [Q3] → $2.82B (-$979M) [Q4]

62% less call options, than puts

Call options by funds: $16.6M | Put options by funds: $43.6M

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $29 16% downside
• Avg. target: $45 32% upside
• High target: $60 75% upside

9 analyst ratings

• positive: 1 11%
• neutral: 7 78%
• negative: 1 11%

Truist Securities Michael Swartz 16% 1-year accuracy 9 / 57 met price target	13% downside $30	Hold Maintained	14 Apr 2025
Baird Craig Kennison 22% 1-year accuracy 6 / 27 met price target	16% upside $40	Neutral Downgraded	4 Apr 2025
Citigroup James Hardiman 25% 1-year accuracy 7 / 28 met price target	16% downside $29	Sell Downgraded	20 Mar 2025
RBC Capital Sabahat Khan 47% 1-year accuracy 8 / 17 met price target	57% upside $54	Sector Perform Reiterated	17 Mar 2025
B of A Securities Alexander Perry 17% 1-year accuracy 1 / 6 met price target	31% upside $45	Neutral Maintained	17 Mar 2025