Posts for Ticker ‘PII’

52-Week High Club

Polaris Industries Inc. (NYSE: PII) rallied over 11% to a yearly high of $49.36 after the ATV manufacturer announced that it expects 4Q profits to beat estimates.

Manhattan Associates Inc. (NASDAQ: MANH) shares rallied over 14% to a yearly high of $24.00 after the supply-chain software provider was upgraded by Raymond James analyst Terry Tillman.

Garrett W. McIntyre

Posted on: October 15, 2009 – 4:07 pm in Technology Companies, ,

Top Analyst Upgrades and Downgrades (CETV, CQB, CME, CFX, JAZZ, OSG, PII, UBS, WBS)

These are the top early-bird analyst calls with upgrades and downgrades seen this Friday morning with over two hours until the market opens:

  • Central European Media (CETV) Raised to Neutral at JPMorgan.
  • Chiquita Brands (CQB) Raised to Buy at Janney Montgomery Scott.
  • CME (CME) Raised to Neutral at JPMorgan.
  • Colfax (CFX) Raised to Buy ar KeyBanc.
  • Jazz Pharmaceuticals (JAZZ) Cut to Underweight at Barclays.
  • Overseas Shipholding Group (OSG) Cut to Market Perform at FBR.
  • Polaris (PII) Raised to Outperform at RBC.
  • UBS (UBS) Raised to Outperform at Credit Suisse.
  • Webster Financial (WBS) Raised to Market Perform at FBR.

Jon C. Ogg
June 26, 2009

Posted on: June 26, 2009 – 6:21 am in Analyst Calls, , , , , , , , ,

Top Analyst Upgrades (CBS, LH, LXK, MS, ODP, PII, DGX, TLAB, WINN)

These are the few top pre-market analyst upgrades and positive research notes from Wall Street firms early this Friday morning with about two hours until the market opens:

CBS (CBS) Raised to Buy at UBS.
Laboratory Corp. (LH) Started as Outperform at RBC.
Lexmark (LXK) Raised to EqualWeight at Barclays.
Morgan Stanley (MS) Raised to Outperform at KBW.
Office Depot (ODP) raised to Overweight at JPMorgan.
Polaris (PII) Raised to Outperform at Baird.
Quest Diagnostics (DGX) Started as Outperform at RBC.
Tellabs (TLAB) Started as Buy at Auriga.
Winn-Dixie (WINN) Raised to Outperform at FBR.

JON C. OGG

Posted on: May 29, 2009 – 6:35 am in Analyst Calls, , , , , , , , ,

52-Week Low Club (AXP, COF, NILE, CLX, RDEN, FDX, HOG, ISRG, KF, MSCC, PII, RAX, RNWK, STX)

Burning_money_pic_3Today’s market looked more like an advanced yo-yo session rather than a regular stock market trading day.  Since stocks gapped down so much, there were many new names on the list of 52-week lows.  What is interesting is that many other stocks hit 52-week lows but bounced back to being positive on the day.

  • American Express (NYSE: AXP) and Capital One (NYSE: COF) both graced the list of lows as GE’s consumer losses only added fuel to the fire.
  • Blue Nile Inc. (NASDAQ: NILE) tankola, again.  Forget Valentine’s Day this year.
  • Clorox Co. (NYSE: CLX) burns investors’ eyes as bad as it burns its client’s eyes.
  • Elizabeth Arden (NASDAQ: RDEN) keeps falling after the bad news from it and its peers over the last week and a half.  Brittney Spears can’t help.
  • FedEx Corp. (NYSE: FDX) keeps dropping. 
  • Harley Davidson (NYSE: HOG) caught another case of HAGS and is believed to be in trouble all year after earnings.
  • Intuitive Surgical (NASDAQ: ISRG) keeps getting pounded.  Down close to 70% from highs now.  Leonardo DaVinci would now sue over the use of his name.
  • The Korea Fund (NYSE: KF) was down almost 7%.  We don’t like to put country funds or ETF’s today, but that Kim Chee from last night just didn’t sit well today.
  • Microsemi (NASDAQ: MSCC) on earnings warning.
  • Polaris Industries (NYSE: PII)… weak HOG sales from Harley, weak motorcycle and snowmobile relative?  Works every time.
  • Rackspace Hosting (NYSE: RAX)… Racking the Rackers, in the server room….
  • RealNetworks (NASDAQ: RNWK), a surprise but think of peers.  And when was the last time you bought anything from them?
  • Seagate Technology (NYSE: STX) again… with the earnings it put up this week, you can call it Floodgate.

Jon C. Ogg
January 23, 2009

Posted on: January 23, 2009 – 4:14 pm in HI/LOW, Trading Alert, , , , , , , , , , , , , ,

ATV Sales Hurting Arctic Cat (ACAT, PII)

Arctic Cat Inc. (NASDAQ: ACAT) is seeing shares come off the tracks in after-hours trading after the company previewed poor results.  The company places the blame on on lower than anticipated all-terrain vehicles sales.  This is attributed to continued weak retail sales, the reduction of a large planned retail customer order, and finally on a parts supply issue.

Arctic Cat now expects fourth-quarter diluted EPS of $0.00 to -$0.08 and net sales are now estimated to be $167 million to $169 million compared to $172.6 million in the prior-year fourth quarter.  First Call had estimates of $0.23 EPS and $198.9 million in revenues.  Analysts had only taken this down by $0.01 over the last ninety-day period, although analysts were mostly cautious anyway on this one.

The company now see reporting a net loss for the March 31, 2008 fiscal year in the range of $0.20 to $0.28, compared to year-ago diluted EPS of $1.15.

Shares are down some 18% at $6.01 in after-hours trading after closing up less than 1% at $7.37 in regular trading.  That will also be a new 52-week low under the prior $6.81 low if this holds.  While this would be easy to keep bashing, Arctic Cat’s stock had already sold off roughly 65% since last summer’s highs and are down far worse than this since early 2005.

Shares of larger competitor Polaris Industries, Inc. (NYSE: PII) are also lower by more than 2% at $42.75 in after-hours trading, after it also closed up nearly 1% in regular trading.

Jon C. Ogg
April 8, 2008

Jon Ogg produces the Special Situation Investing Newsletter.  He can be reached at jonogg@247wallst.com and he does not own securities in the companies he covers.

Posted on: April 8, 2008 – 3:30 pm in Earnings Warning, ,