Arctic Cat Inc. (NASDAQ:ACAT) shares traded down 2.7% on Thursday . The stock traded as low as $17.14 and last traded at $17.24, with a volume of 103,109 shares. The stock had previously closed at $17.71.

A number of research firms have recently commented on ACAT. Wunderlich reiterated a “sell” rating and set a $13.00 target price (up from $10.00) on shares of Arctic Cat in a research report on Tuesday. Northcoast Research downgraded Arctic Cat from a “buy” rating to a “neutral” rating in a research report on Thursday, June 16th. Zacks Investment Research upgraded Arctic Cat from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 29th. Robert W. Baird reiterated a “buy” rating on shares of Arctic Cat in a research report on Monday, April 11th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Arctic Cat in a research report on Monday, May 16th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.75.

The company’s market capitalization is $225.47 million. The stock has a 50 day moving average price of $16.65 and a 200 day moving average price of $15.61.

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

An institutional investor recently raised its position in Arctic Cat stock. Columbia Wanger Asset Management LLC increased its stake in Arctic Cat Inc. (NASDAQ:ACAT) by 11.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 approximately 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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