Shares of Arctic Cat Inc. (NASDAQ:ACAT) have earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $14.25.

A number of equities research analysts have weighed in on ACAT shares. Feltl & Co. cut shares of Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 price target for the company. in a research report on Friday, July 29th. Wunderlich reiterated a “sell” rating and set a $13.00 price target (up from $10.00) on shares of Arctic Cat in a research report on Tuesday, July 12th. Northcoast Research cut shares of Arctic Cat from a “buy” rating to a “neutral” rating in a research report on Thursday, June 16th. Finally, Zacks Investment Research upgraded shares of Arctic Cat from a “strong sell” rating to a “hold” rating in a research report on Monday, July 18th.

In other news, Director Andrew S. Duff purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was bought at an average price of $14.89 per share, for a total transaction of $74,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of Arctic Cat by 16.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 102,779 shares of the company’s stock worth $1,748,000 after buying an additional 14,329 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Arctic Cat during the second quarter worth about $682,000. Guggenheim Capital LLC increased its position in shares of Arctic Cat by 3.9% in the second quarter. Guggenheim Capital LLC now owns 53,479 shares of the company’s stock worth $909,000 after buying an additional 2,002 shares in the last quarter. Addison Clark Management L.L.C. purchased a new position in shares of Arctic Cat during the second quarter worth about $1,360,000. Finally, Kempen Capital Management N.V. increased its position in shares of Arctic Cat by 53.6% in the second quarter. Kempen Capital Management N.V. now owns 15,183 shares of the company’s stock worth $258,000 after buying an additional 5,300 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.

Shares of Arctic Cat (NASDAQ:ACAT) opened at 14.07 on Tuesday. The company’s 50-day moving average is $15.13 and its 200-day moving average is $16.05. The stock’s market cap is $183.57 million. Arctic Cat has a 52-week low of $8.90 and a 52-week high of $25.73.

Arctic Cat (NASDAQ:ACAT) last announced its quarterly earnings results on Friday, July 29th. The company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by $0.45. Arctic Cat had a negative net margin of 3.10% and a negative return on equity of 10.63%. The company had revenue of $104.90 million for the quarter, compared to analyst estimates of $117.81 million. During the same quarter in the prior year, the business earned ($0.08) earnings per share. Arctic Cat’s revenue was down 22.0% on a year-over-year basis. Equities analysts anticipate that Arctic Cat will post ($0.92) EPS for the current year.

Arctic Cat Company Profile

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.

5 Day Chart for NASDAQ:ACAT

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