A number of other equities research analysts also recently issued reports on the company. Wunderlich reissued a sell rating and set a $13.00 price target (up previously from $10.00) on shares of Arctic Cat in a research report on Tuesday, July 12th. Wells Fargo & Co. reissued a hold rating on shares of Arctic Cat in a research report on Tuesday, September 20th. Feltl & Co. downgraded Arctic Cat from a hold rating to a sell rating and set a $12.00 price target on the stock. in a research report on Friday, July 29th. Zacks Investment Research raised Arctic Cat from a strong sell rating to a hold rating in a research report on Monday, July 18th. Finally, Northcoast Research downgraded Arctic Cat from a buy rating to a neutral rating in a research report on Thursday, June 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Arctic Cat currently has an average rating of Hold and an average target price of $15.67.
Shares of Arctic Cat (NASDAQ:ACAT) opened at 15.78 on Friday. The stock’s 50 day moving average price is $14.66 and its 200-day moving average price is $15.76. Arctic Cat has a 52-week low of $8.90 and a 52-week high of $25.60. The company’s market cap is $205.88 million.
Arctic Cat (NASDAQ:ACAT) last posted its earnings results on Friday, July 29th. The company reported ($0.81) 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 firm earned $104.90 million during the quarter, compared to analyst estimates of $117.81 million. During the same period in the previous year, the company posted ($0.08) EPS. Arctic Cat’s revenue for the quarter was down 22.0% compared to the same quarter last year. Equities analysts expect that Arctic Cat will post ($0.92) EPS for the current year.
In other news, Director Andrew S. Duff purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was bought at an average cost of $14.89 per share, for a total transaction of $74,450.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in ACAT. Kempen Capital Management N.V. boosted its position 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 last quarter. Metropolitan Life Insurance Co. NY boosted its position 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 last quarter. Teachers Advisors Inc. boosted its position 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 last quarter. Rhumbline Advisers boosted its position 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 last quarter. Finally, US Bancorp DE boosted its position 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 last quarter. Institutional investors own 99.61% of the company’s stock.
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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