Arctic Cat Inc. (NASDAQ:ACAT) was down 6.3% during mid-day trading on Tuesday . The stock traded as low as $16.37 and last traded at $16.61, with a volume of 82,715 shares changing hands. The stock had previously closed at $17.72.

Several equities research analysts recently issued reports on ACAT shares. Wunderlich lowered Arctic Cat from a “hold” rating to a “sell” rating and dropped their price target for the company from $12.50 to $11.00 in a research report on Friday, March 11th. Robert W. Baird reissued a “buy” rating on shares of Arctic Cat in a research report on Monday, April 11th. Zacks Investment Research raised Arctic Cat from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, April 5th. Wells Fargo & Co. reissued a “hold” rating on shares of Arctic Cat in a research report on Monday, May 16th. Finally, Northcoast Research lowered Arctic Cat from a “buy” rating to a “neutral” rating in a research report on Thursday, June 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $15.00.

The company’s market capitalization is $222.28 million. The company has a 50-day moving average price of $16.09 and a 200 day moving average price of $15.56.

Arctic Cat (NASDAQ:ACAT) last posted its earnings results on Thursday, May 12th. The company reported ($1.30) EPS for the quarter, missing the consensus estimate of ($0.87) by $0.43. The firm earned $121.40 million during the quarter, compared to the consensus estimate of $136.17 million. During the same quarter last year, the firm earned ($1.15) earnings per share. The company’s revenue was up 22.8% compared to the same quarter last year. Analysts anticipate that Arctic Cat Inc. will post ($0.23) earnings per share for the current year.

Several institutional investors have recently bought and sold shares of ACAT. Columbia Wanger Asset Management LLC increased its position in Arctic Cat by 11.0% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 621,460 shares of the company’s stock valued at $10,180,000 after buying an additional 61,408 shares during the last quarter. Principal Financial Group Inc. increased its position in Arctic Cat by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 85,493 shares of the company’s stock valued at $1,400,000 after buying an additional 3,794 shares during the last quarter. Finally, Tieton Capital Management LLC increased its position in Arctic Cat by 0.5% in the fourth quarter. Tieton Capital Management LLC now owns 169,150 shares of the company’s stock valued at $2,771,000 after buying an additional 900 shares during the last quarter.

Arctic Cat Inc 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. The Company offers its products under the Arctic Cat and MotorFist brand names. The Company’s operations include three operating segments: snowmobile, ATV and parts, garments and accessories (PG&A).

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