Shares of Arctic Cat Inc. (NASDAQ:ACAT) rose 2.5% during trading on Friday . The company traded as high as $17.79 and last traded at $17.71, with a volume of 146,844 shares changing hands. The stock had previously closed at $17.27.

ACAT has been the topic of a number of research reports. Zacks Investment Research lowered Arctic Cat from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 17th. Wunderlich reaffirmed a “sell” rating and issued a $13.00 target price (up previously from $10.00) on shares of Arctic Cat in a research report on Tuesday, July 12th. Robert W. Baird reaffirmed a “buy” rating on shares of Arctic Cat in a research report on Monday, April 11th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Arctic Cat in a research report on Monday, May 16th. Finally, Northcoast Research downgraded 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 issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $15.75.

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

Arctic Cat (NASDAQ:ACAT) last posted its quarterly earnings data on Thursday, May 12th. The company reported ($1.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.87) by $0.43. The business had revenue of $121.40 million for the quarter, compared to analysts’ expectations of $136.17 million. During the same period last year, the business posted ($1.15) EPS. The business’s revenue was up 22.8% on a year-over-year basis. On average, equities analysts predict 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 raised its position in shares of Arctic Cat Inc. (NASDAQ:ACAT) by 11.0% during the fourth quarter, according to its most recent disclosure 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 as of its most recent filing with the SEC.

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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