Polaris (PII)

• Market cap: $2.61B
• 1 day: 1.46%
• 5 days: 3.82%
• 1 month: -15.46%
• 3 months: -30.47%
• 6 months: -45.12%
• Year to date: -17.47%
• 1 year: -49.82%
• 5 years: -49.11%
• 10 years: -70.10%
• 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 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 filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

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

18% more repeat investments, than reductions

Existing positions increased: 148 | Existing positions reduced: 125

3.25% more ownership

Funds ownership: 84.34% [Q3] → 87.59% (+3.25%) [Q4]

2% more first-time investments, than exits

New positions opened: 85 | Existing positions closed: 83

3% less funds holding

Funds holding: 431 [Q3] → 416 (-15) [Q4]

28% less capital invested

Capital invested by funds: $3.91B [Q3] → $2.82B (-$1.1B) [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: $48 3% upside
• Avg. target: $56 21% upside
• High target: $72 55% upside

9 analyst ratings

• positive: 2 22%
• neutral: 7 78%
• negative: 0 0%

UBS Robin Farley 80% 1-year accuracy 8 / 10 met price target	3% upside $48	Neutral Maintained	3 Feb 2025
DA Davidson Brandon Rolle 23% 1-year accuracy 3 / 13 met price target	29% upside $60	Buy Maintained	30 Jan 2025
RBC Capital Sabahat Khan 63% 1-year accuracy 10 / 16 met price target	16% upside $54	Sector Perform Maintained	29 Jan 2025
BMO Capital Tristan Thomas-Martin 56% 1-year accuracy 5 / 9 met price target	7% upside $50	Market Perform Maintained	29 Jan 2025
Roth MKM Scott Stember 55% 1-year accuracy 11 / 20 met price target	14% upside $53	Neutral Maintained	29 Jan 2025