Arctic Cat Inc. (NASDAQ:ACAT) shot up 2.5% during mid-day trading on Friday . The stock traded as high as $17.79 and last traded at $17.71, with a volume of 146,844 shares traded. The stock had previously closed at $17.27.

Several research firms recently issued reports on ACAT. Wunderlich restated a “sell” rating and set a $13.00 price objective (up from $10.00) on shares of Arctic Cat in a research report on Tuesday. Northcoast Research cut shares of Arctic Cat from a “buy” rating to a “neutral” rating in a research report on Thursday, June 16th. Zacks Investment Research cut shares of Arctic Cat from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 17th. Wells Fargo & Co. reiterated a “hold” rating on shares of Arctic Cat in a research report on Monday, May 16th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Arctic Cat in a research report on Monday, April 11th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.75.

The firm’s market capitalization is $231.15 million. The company’s 50-day moving average is $16.73 and its 200-day moving average is $15.62.

Arctic Cat (NASDAQ:ACAT) last released its quarterly earnings results on Thursday, May 12th. The company reported ($1.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.87) by $0.43. The company earned $121.40 million during the quarter, compared to analyst estimates of $136.17 million. During the same period last year, the business earned ($1.15) EPS. The firm’s revenue for the quarter was up 22.8% compared to the same quarter last year. On average, equities research analysts expect that Arctic Cat Inc. will post ($0.25) EPS for the current year.

A hedge fund recently raised its stake in Arctic Cat stock. Columbia Wanger Asset Management LLC boosted its stake in shares of Arctic Cat Inc. (NASDAQ:ACAT) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 621,460 shares of the company’s stock after buying an additional 61,408 shares during the period. Columbia Wanger Asset Management LLC owned about 4.78% of Arctic Cat worth $10,180,000 at the end of the most recent 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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