Arctic Cat Inc. (NASDAQ:ACAT) dropped 2.5% on Tuesday . The stock traded as low as $13.79 and last traded at $13.84, with a volume of 62,212 shares trading hands. The stock had previously closed at $14.20.

ACAT has been the topic of several recent analyst reports. Wells Fargo & Co. reissued a “hold” rating on shares of Arctic Cat in a research note on Tuesday. Wunderlich raised shares of Arctic Cat from a “sell” rating to a “hold” rating and set a $13.00 price target on the stock in a research note on Wednesday, September 14th. Zacks Investment Research raised shares of Arctic Cat from a “strong sell” rating to a “hold” rating in a research note on Monday, July 18th. Northcoast Research downgraded shares of Arctic Cat from a “buy” rating to a “neutral” rating in a research note on Thursday, June 16th. Finally, Feltl & Co. downgraded shares of Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 price target on the stock. in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $15.00.

The firm’s market cap is $183.57 million. The company’s 50-day moving average price is $14.74 and its 200-day moving average price is $15.92.

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

In other Arctic Cat news, Director Andrew S. Duff bought 5,000 shares of the stock in a transaction on Wednesday, August 3rd. The shares were bought at an average price of $14.89 per share, with a total value of $74,450.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.70% of the company’s stock.

A number of large investors have recently made changes to their positions in ACAT. BlackRock Fund Advisors boosted its position in shares of Arctic Cat by 4.9% in the second quarter. BlackRock Fund Advisors now owns 885,803 shares of the company’s stock valued at $15,059,000 after buying an additional 41,187 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Arctic Cat by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 705,015 shares of the company’s stock valued at $11,985,000 after buying an additional 58,682 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Arctic Cat by 3.5% in the second quarter. Vanguard Group Inc. now owns 612,010 shares of the company’s stock valued at $10,404,000 after buying an additional 20,619 shares during the last quarter. Netols Asset Management Inc. boosted its position in shares of Arctic Cat by 20.8% in the second quarter. Netols Asset Management Inc. now owns 399,105 shares of the company’s stock valued at $6,785,000 after buying an additional 68,644 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Arctic Cat by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 353,165 shares of the company’s stock valued at $5,933,000 after buying an additional 2,313 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

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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