Lau Associates buys $1,191,013 stake in Polaris Industries (PII)

Polaris Industries (PII) : Lau Associates scooped up 300 additional shares in Polaris Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 3, 2016. The investment management firm now holds a total of 15,775 shares of Polaris Industries which is valued at $1,191,013.Polaris Industries makes up approximately 1.21% of Lau Associates’s portfolio.

Polaris Industries closed down -3.43 points or -4.43% at $74.07 with 19,73,204 shares getting traded on Tuesday. Post opening the session at $76.65, the shares hit an intraday low of $73.095 and an intraday high of $76.65 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Polaris Industries reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $1.05. The company had revenue of $1130.80 million for the quarter, compared to analysts expectations of $1100.47 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.

Many Wall Street Analysts have commented on Polaris Industries. Jefferies Initiated Polaris Industries on Sep 30, 2016 to “Hold”, Price Target of the shares are set at $69.Shares were Reiterated by Wedbush on Sep 13, 2016 to “Neutral” and Lowered the Price Target to $ 77 from a previous price target of $88 .Shares were Reiterated by Lake Street on Sep 13, 2016 to “Buy” and Lowered the Price Target to $ 85 from a previous price target of $106 .

Polaris Industries Inc. (Polaris) designs engineers and manufactures off-road vehicles (ORV) including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use snowmobiles motorcycles and small vehicles (SV). These products are sold through dealers and distributors located in the United States Canada and Europe. The Company’s ORVs include core ATVs and RANGER and RZR side-by-side vehicles. The Company produces a range of snowmobiles consisting of 32 models ranging from youth models to utility and economy models to performance and competition models. Polaris’ Motorcycles division consists of Victory Indian motorcycles and three-wheel roadster motorcycle Slingshot. The Company offer products in the light-duty hauling people mover and urban/suburban commuting sub-sectors of the small vehicles industry. The Company produces or supplies a range of replacement parts and accessories for its product lines.

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