Shares of Arctic Cat Inc. (NASDAQ:ACAT) dropped 3.1% during trading on Friday . The stock traded as low as $14.70 and last traded at $14.70, with a volume of 72,253 shares. The stock had previously closed at $15.17.

ACAT has been the subject of several research analyst reports. Feltl & Co. downgraded shares of Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 target price for the company. in a report on Friday, July 29th. Zacks Investment Research downgraded shares of Arctic Cat from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 17th. Wells Fargo & Co. reiterated a “hold” rating on shares of Arctic Cat in a research note on Monday, May 16th. Wunderlich dropped their price objective on shares of Arctic Cat from $11.00 to $10.00 and set a “sell” rating for the company in a research note on Thursday, May 12th. Finally, Northcoast Research cut shares of Arctic Cat from a “buy” rating to a “neutral” rating in a research note on Thursday, June 16th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $15.00.

The company’s 50-day moving average is $16.52 and its 200 day moving average is $16.10. The stock’s market capitalization is $193.23 million.

Arctic Cat (NASDAQ:ACAT) last announced its earnings results on Friday, July 29th. The company reported ($0.81) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by $0.45. The firm had revenue of $104.90 million for the quarter, compared to the consensus estimate of $117.81 million. During the same period in the prior year, the company posted ($0.08) EPS. Arctic Cat’s revenue was down 22.0% compared to the same quarter last year. On average, equities analysts predict that Arctic Cat Inc. will post ($0.92) earnings per share for the current fiscal year.

In other news, Director Andrew S. Duff bought 5,000 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was bought at an average price of $14.89 per share, for a total transaction of $74,450.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

A hedge fund recently raised its stake in Arctic Cat stock. King Luther Capital Management Corp boosted its stake in shares of Arctic Cat Inc. (NASDAQ:ACAT) by 569.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,755 shares of the company’s stock after buying an additional 61,895 shares during the period. King Luther Capital Management Corp owned approximately 0.56% of Arctic Cat worth $1,192,000 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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