Arctic Cat Inc. (NASDAQ:ACAT) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Arctic Cat, Inc. operates in a single industry segment and designs, engineers , manufactures and markets snowmobiles and all-terrain vehicles under the Arctic Cat brand name, as well as related parts, garments and accessories. The company markets its products through a network of independent dealers located throughout the contiguous United States and Canada, and through distributors representing dealers in Alaska, Europe, the Middle East, Asia and other international markets. “

Several other research analysts have also issued reports on ACAT. Northcoast Research lowered shares of Arctic Cat from a “buy” rating to a “neutral” rating in a research report on Thursday, June 16th. Wells Fargo & Co. reiterated a “hold” rating on shares of Arctic Cat in a research report on Tuesday, September 20th. Wunderlich upgraded shares of Arctic Cat from a “sell” rating to a “hold” rating and set a $13.00 target price for the company in a research report on Wednesday, September 14th. Feltl & Co. lowered shares of Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 target price for the company. in a research report on Friday, July 29th. Finally, Jefferies Group assumed coverage on shares of Arctic Cat in a research report on Friday. They issued a “buy” rating and a $19.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.67.

Shares of Arctic Cat (NASDAQ:ACAT) traded down 1.56% during mid-day trading on Tuesday, reaching $15.78. The company’s stock had a trading volume of 93,689 shares. Arctic Cat has a 12 month low of $8.90 and a 12 month high of $25.60. The firm’s market cap is $205.88 million. The company’s 50-day moving average is $14.66 and its 200 day moving average is $15.77.

Arctic Cat (NASDAQ:ACAT) last released its quarterly earnings results on Friday, July 29th. The company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates 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 had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $117.81 million. During the same quarter last year, the firm earned ($0.08) earnings per share. The firm’s revenue for the quarter was down 22.0% on a year-over-year basis. On average, equities analysts anticipate that Arctic Cat will post ($0.92) EPS for the current year.

In other news, Director Andrew S. Duff acquired 5,000 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was purchased at an average cost of $14.89 per share, with a total value of $74,450.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Arctic Cat by 3.5% in the second quarter. Vanguard Group Inc. now owns 612,010 shares of the company’s stock valued at $10,404,000 after buying an additional 20,619 shares during the period. Principal Financial Group Inc. increased its position in shares of Arctic Cat by 3.0% in the second quarter. Principal Financial Group Inc. now owns 91,852 shares of the company’s stock valued at $1,561,000 after buying an additional 2,649 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Arctic Cat by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 705,015 shares of the company’s stock valued at $11,985,000 after buying an additional 58,682 shares during the period. California Public Employees Retirement System increased its position in shares of Arctic Cat by 32.8% in the second quarter. California Public Employees Retirement System now owns 59,900 shares of the company’s stock valued at $1,018,000 after buying an additional 14,800 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Arctic Cat during the second quarter valued at approximately $4,780,000. 99.61% of the stock is owned by hedge funds and other 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.

5 Day Chart for NASDAQ:ACAT

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