Polaris (PII)

• Market cap: $3.09B
• 1 day: -3.07%
• 5 days: 2.63%
• 1 month: -8.72%
• 3 months: -32.82%
• 6 months: -35.03%
• Year to date: -1.58%
• 1 year: -38.21%
• 5 years: -40.38%
• 10 years: -59.21%
• Sector: Industrials
• Industry: Miscellaneous Transportation Equipment

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)

3% more capital invested

Capital invested by funds: $3.79B [Q2] → $3.91B (+$119M) [Q3]

8% less first-time investments, than exits

New positions opened: 67 | Existing positions closed: 73

1.34% less ownership

Funds ownership: 85.67% [Q2] → 84.34% (-1.34%) [Q3]

2% less funds holding

Funds holding: 440 [Q2] → 430 (-10) [Q3]

24% less repeat investments, than reductions

Existing positions increased: 126 | Existing positions reduced: 166

30% less call options, than puts

Call options by funds: $39.9M | Put options by funds: $57.3M

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

• Low target: $60 8% upside
• Avg. target: $69 23% upside
• High target: $73 32% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

DA Davidson Brandon Rolle 10% 1-year accuracy 1 / 10 met price target	24% upside $69	Buy Maintained	17 Jan 2025
Truist Securities Michael Swartz 40% 1-year accuracy 20 / 50 met price target	8% upside $60	Hold Maintained	7 Jan 2025
Baird Craig Kennison 34% 1-year accuracy 10 / 29 met price target	30% upside $72	Outperform Maintained	30 Dec 2024
RBC Capital Sabahat Khan 88% 1-year accuracy 14 / 16 met price target	32% upside $73	Sector Perform Maintained	23 Oct 2024