Arctic Cat Inc. (ACAT) Receives Hold Rating from Wells Fargo & Co.
Several other research analysts have also commented on ACAT. Zacks Investment Research lowered Arctic Cat from a hold rating to a strong sell rating in a research report on Wednesday, August 3rd. Northcoast Research lowered Arctic Cat from a buy rating to a neutral rating in a research report on Thursday, June 16th. Wunderlich upgraded Arctic Cat from a sell rating to a hold rating and set a $13.00 price target for the company in a research report on Wednesday, September 14th. Finally, Feltl & Co. downgraded shares of Arctic Cat from a hold rating to a sell rating and set a $12.00 price objective for the company. in a research note on Friday, July 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $15.00.
Shares of Arctic Cat (NASDAQ:ACAT) opened at 14.07 on Tuesday. The company has a 50 day moving average price of $14.74 and a 200 day moving average price of $15.92. The stock’s market cap is $183.57 million. Arctic Cat has a 1-year low of $8.90 and a 1-year high of $25.60.
Arctic Cat (NASDAQ:ACAT) last released its quarterly earnings results on Friday, July 29th. The company reported ($0.81) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by $0.45. The company earned $104.90 million during the quarter, compared to analysts’ expectations of $117.81 million. Arctic Cat had a negative return on equity of 10.63% and a negative net margin of 3.10%. The company’s revenue was down 22.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.08) EPS. On average, equities analysts anticipate that Arctic Cat will post ($0.92) EPS for the current year.
In related news, Director Andrew S. Duff purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was purchased at an average price of $14.89 per share, with a total value of $74,450.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of 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 worth $166,000 after buying an additional 4,323 shares during the period. 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 worth $170,000 after buying an additional 277 shares during the period. 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 worth $339,000 after buying an additional 1,395 shares during the period. 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 worth $349,000 after buying an additional 468 shares during the period. 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 worth $381,000 after buying an additional 3,673 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.
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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