Arctic Cat Inc. (ACAT) Receives Buy Rating from KeyCorp
Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Arctic Cat from a hold rating to a strong sell rating in a report on Wednesday, August 3rd. Northcoast Research lowered shares of Arctic Cat from a buy rating to a neutral rating in a report on Thursday, June 16th. Wells Fargo & Co. reaffirmed a hold rating on shares of Arctic Cat in a report on Tuesday, September 20th. Wunderlich raised shares of Arctic Cat from a sell rating to a hold rating and set a $13.00 target price on the stock in a report on Wednesday, September 14th. Finally, Feltl & Co. lowered shares of Arctic Cat from a hold rating to a sell rating and set a $12.00 target price on the stock. in a report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $16.57.
Shares of Arctic Cat (NASDAQ:ACAT) traded down 0.66% during trading on Thursday, hitting $15.01. 35,334 shares of the stock were exchanged. Arctic Cat has a 52 week low of $8.90 and a 52 week high of $25.60. The firm’s market capitalization is $195.84 million. The stock’s 50 day moving average price is $14.66 and its 200 day moving average price is $15.76.
Arctic Cat (NASDAQ:ACAT) last posted its quarterly 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 net margin of 3.10% and a negative return on equity of 10.63%. The business earned $104.90 million during the quarter, compared to the consensus estimate of $117.81 million. During the same period last year, the firm earned ($0.08) EPS. The business’s revenue for the quarter was down 22.0% on a year-over-year basis. On average, equities analysts predict that Arctic Cat will post ($0.92) earnings per share for the current year.
In related news, Director Andrew S. Duff purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were purchased at an average price of $14.89 per share, with a total value of $74,450.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in ACAT. Kempen Capital Management N.V. boosted its stake in shares of Arctic Cat by 77.8% in the first quarter. Kempen Capital Management N.V. now owns 9,883 shares of the company’s stock worth $166,000 after buying an additional 4,323 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Arctic Cat by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 10,144 shares of the company’s stock worth $170,000 after buying an additional 277 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Arctic Cat by 7.5% in the second quarter. Teachers Advisors Inc. now owns 19,928 shares of the company’s stock worth $339,000 after buying an additional 1,395 shares during the period. Rhumbline Advisers boosted its stake in shares of Arctic Cat by 2.3% in the second quarter. Rhumbline Advisers now owns 20,534 shares of the company’s stock worth $349,000 after buying an additional 468 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Arctic Cat by 19.6% in the second quarter. US Bancorp DE now owns 22,388 shares of the company’s stock worth $381,000 after buying an additional 3,673 shares during the period. 99.61% of the stock is 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.
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