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

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

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

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

A hedge fund recently raised its stake in Arctic Cat stock. Columbia Wanger Asset Management LLC boosted its position in shares of Arctic Cat Inc. (NASDAQ:ACAT) by 11.0% during the fourth quarter, according to its most recent filing with the SEC. The fund 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 reporting period.

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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