A number of other equities research analysts have also recently issued reports on ACAT. Northcoast Research cut Arctic Cat from a buy rating to a neutral rating in a report on Thursday, June 16th. Wunderlich restated a sell rating and set a $13.00 price objective (up previously from $10.00) on shares of Arctic Cat in a report on Tuesday, July 12th. Zacks Investment Research upgraded Arctic Cat from a strong sell rating to a hold rating in a report on Monday, July 18th. Feltl & Co. cut Arctic Cat from a hold rating to a sell rating and set a $12.00 price objective for the company. in a report on Friday, July 29th. Finally, Wells Fargo & Co. restated a hold rating on shares of Arctic Cat in a report on Tuesday, September 20th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $15.67.
Arctic Cat (NASDAQ:ACAT) traded up 1.29% during midday trading on Friday, reaching $15.69. The company had a trading volume of 16,662 shares. The stock’s market cap is $204.71 million. Arctic Cat has a 12 month low of $8.90 and a 12 month high of $25.60. The firm has a 50-day moving average of $14.64 and a 200-day moving average of $15.78.
Arctic Cat (NASDAQ:ACAT) last posted its quarterly earnings results on Friday, July 29th. The company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by $0.45. Arctic Cat had a negative return on equity of 10.63% and a negative net margin of 3.10%. The business had revenue of $104.90 million for the quarter, compared to the consensus estimate of $117.81 million. During the same quarter in the previous year, the business posted ($0.08) EPS. The company’s revenue for the quarter was down 22.0% on a year-over-year basis. On average, equities analysts expect that Arctic Cat will post ($0.92) EPS for the current fiscal year.
In other news, Director Andrew S. Duff acquired 5,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average cost of $14.89 per share, for a total transaction of $74,450.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in ACAT. Kempen Capital Management N.V. increased its position in shares of Arctic Cat by 77.8% in the first quarter. Kempen Capital Management N.V. now owns 9,883 shares of the company’s stock valued at $166,000 after buying an additional 4,323 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Arctic Cat by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 10,144 shares of the company’s stock valued at $170,000 after buying an additional 277 shares in the last quarter. Teachers Advisors Inc. increased its position in shares of Arctic Cat by 7.5% in the second quarter. Teachers Advisors Inc. now owns 19,928 shares of the company’s stock valued at $339,000 after buying an additional 1,395 shares in the last quarter. Rhumbline Advisers increased its position in shares of Arctic Cat by 2.3% in the second quarter. Rhumbline Advisers now owns 20,534 shares of the company’s stock valued at $349,000 after buying an additional 468 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Arctic Cat by 19.6% in the second quarter. US Bancorp DE now owns 22,388 shares of the company’s stock valued at $381,000 after buying an additional 3,673 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.
About Arctic Cat
Arctic Cat Inc (Arctic Cat) designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories (PG&A). The Company offers its products under the Arctic Cat and MotorFist brand names.
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