Polaris Industries Inc. (PII): Today's Featured Automotive Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Polaris Industries ( PII) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day down 2.4%. By the end of trading, Polaris Industries fell $3.65 (-3.2%) to $109.89 on light volume. Throughout the day, 484,484 shares of Polaris Industries exchanged hands as compared to its average daily volume of 744,200 shares. The stock ranged in price between $109.61-$113.00 after having opened the day at $112.61 as compared to the previous trading day's close of $113.54. Other companies within the Automotive industry that declined today were: Accuride ( ACW), down 6.1%, Drew Industries ( DW), down 5.2%, Federal-Mogul ( FDML), down 5.0% and Hyster-Yale Materials Handling ( HY), down 4.7%.

Polaris Industries Inc., together with its subsidiaries, engages in designing, engineering, manufacturing, and marketing off-road vehicles, snowmobiles, and on-road vehicles primarily in the United States, Canada, and internationally. Polaris Industries has a market cap of $7.9 billion and is part of the consumer goods sector. Shares are up 34.9% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Polaris Industries a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Polaris Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, increase in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider Consumer Discretionary Sel Sec SPDR ( XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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