POLARIS INC.
In the published model solve dated 2026-Q2, anchored at $73.00, POLARIS INC. (PII) is priced for -1.6% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
- The price embeds roughly flat company-wide operating profit for the next five years off a mid-cycle base, valuing Polaris near 11 times normalized operating income. That is a modest demand for a powersports maker, but it sits above where asset value, earnings power, and peer multiples each land, so the gap rests on the cycle turning rather than on a cheap multiple. - The trailing window is a trough, not a baseline. EDGAR shows trailing operating income at negative $351.7M and four distress sig
Is PII overvalued? See what's priced in →
428 institutional managers reported holding PII in 13F filings for the quarter ended 2026-03-31. 49 opened new positions that quarter. Held by BlackRock, Vanguard Group, Capital Group (American Funds), among others. On the short side, 4.0M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (5.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PII has cut its share count 6.4% over the past five years, spending $829.00M on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 3 years straight; the current rate is $2.68 a share annually. Cash returned over the past three years: $410.10M in dividends and $171.80M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at PII over the trailing three years. Absence is a fact about the company, not a signal. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PII's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-26 | +2.0% | -25.9% |
| 2023-10-25 | -5.6% | +10.9% |
| 2024-02-17 | -3.0% | -5.0% |
| 2024-04-24 | -3.4% | -8.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PII's latest 8-K filings: 2026-07-28 (items 2.02, 9.01); 2026-06-22 (items 5.02, 9.01); 2026-05-01 (items 5.02, 5.07, 9.01); 2026-04-28 (items 2.02, 9.01); 2026-01-27 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.