Polaris stock rises after Q1 sales growth and reaffirmed 2026 guidance

Polaris Inc. (PII) is up 7.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The move higher appears tied to Polaris’ first-quarter 2026 earnings release, which showed year-over-year sales growth, meaningful margin expansion, and an outlook that stayed intact. Investors likely reacted positively to signs of improved profitability (on an adjusted basis) and evidence of share gains in key powersports categories.

Details:

Polaris reported first-quarter sales of about $1.66 billion, up 8% year over year, supported by higher shipments and improved net pricing (including lower promotions).

Gross margin improved sharply versus last year (reported gross margin 20.2%, up 423 basis points), with operational efficiencies and mix/price benefits helping offset higher tariff expense.

Adjusted diluted EPS was $0.13 (while reported diluted EPS was a loss of $0.83), highlighting a better underlying earnings picture than the GAAP headline suggests.

Polaris reaffirmed its full-year 2026 guidance (adjusted sales of $7.15B–$7.30B and adjusted EPS of $1.60–$1.70), reducing uncertainty around the remainder of the year.

Sources:

Polaris Investor Relations, SEC, Associated Press

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PII Insider Trading Activity

$PII insiders have traded $PII stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $PII stock by insiders over the last 6 months:

MICHAEL T SPEETZEN (CEO) has made 0 purchases and 2 sales selling 35,086 shares for an estimated $2,344,695.
BENJAMIN D DUKE (President-Marine) has made 0 purchases and 2 sales selling 10,090 shares for an estimated $674,189.
JAMES P WILLIAMS (SVP-CHRO) has made 0 purchases and 2 sales selling 9,797 shares for an estimated $659,681.
ROBERT PAUL MACK (CFO, EVP - Finance + Corp Dev) has made 0 purchases and 2 sales selling 7,786 shares for an estimated $520,335.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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$PII Hedge Fund Activity

We have seen 195 institutional investors add shares of $PII stock to their portfolio, and 220 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

AUTO-OWNERS INSURANCE CO removed 64,428,750 shares (-98.4%) from their portfolio in Q1 2026, for an estimated $3,511,366,875
FULLER & THALER ASSET MANAGEMENT, INC. added 1,287,704 shares (+inf%) to their portfolio in Q4 2025, for an estimated $81,447,278
UBS GROUP AG added 1,021,710 shares (+118.8%) to their portfolio in Q4 2025, for an estimated $64,623,157
BANK OF NEW YORK MELLON CORP removed 549,706 shares (-45.2%) from their portfolio in Q4 2025, for an estimated $34,768,904
MORGAN STANLEY removed 485,377 shares (-20.7%) from their portfolio in Q4 2025, for an estimated $30,700,095
INVESCO LTD. added 471,106 shares (+79.2%) to their portfolio in Q4 2025, for an estimated $29,797,454
PACER ADVISORS, INC. removed 393,149 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $24,866,674

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$PII Government Contracts

We have seen $22,054,322 of award payments to $PII over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

OP6 ACQUISITIONS: $5,962,235
ARCTIC VEHICLES: $3,340,980
8511627833!UTILITY VEHICLE: $3,183,939
8511620683!UTILITY VEHICLE: $2,740,239
WINCH IMPROVEMENT AND INTERNAL BYPASS SUSPENSION ECPS AND INSTALL AND TEST FOR 1KW KITS: $968,152

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$PII Congressional Stock Trading

Members of Congress have traded $PII stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $PII stock by members of Congress over the last 6 months:

REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$PII Price Targets

Multiple analysts have issued price targets for $PII recently. We have seen 6 analysts offer price targets for $PII in the last 6 months, with a median target of $62.0.

Here are some recent targets:

Anthony Bonadio from Wells Fargo set a target price of $52.0 on 03/11/2026
Sabahat Khan from RBC Capital set a target price of $65.0 on 01/28/2026
Stephen Grambling from Morgan Stanley set a target price of $81.0 on 01/16/2026
Gerrick Johnson from Seaport Global set a target price of $83.0 on 01/08/2026
Brandon Rolle from Loop Capital set a target price of $59.0 on 11/14/2025
Scott Stember from Roth Capital set a target price of $57.0 on 11/03/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.