Arctic Cat VP Roger Skime Sells 10,190 Shares (ACAT)
Arctic Cat (NASDAQ:ACAT) VP Roger Skime sold 10,190 shares of the company’s stock on the open market in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $56.03, for a total transaction of $570,945.70. Following the sale, the vice president now directly owns 48,529 shares in the company. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Feltl & Co. raised their price target on shares of Arctic Cat (NASDAQ:ACAT) from $57.00 to $61.00 in a research note to investors on Monday, September 9th. They now have a “buy” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Arctic Cat (NASDAQ:ACAT) from $44.00 to $48.00 in a research note to investors on Monday, July 29th. They now have a “market perform” rating on the stock. Finally, analysts at Zacks upgraded shares of Arctic Cat (NASDAQ:ACAT) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, July 29th. They now have a $55.90 price target on the stock.
One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $54.97.
Arctic Cat (NASDAQ:ACAT) traded down 0.34% during mid-day trading on Monday, hitting $55.92. The stock had a trading volume of 61,482 shares. Arctic Cat has a one year low of $32.12 and a one year high of $58.26. The stock has a 50-day moving average of $55.85 and a 200-day moving average of $47.92. The company has a market cap of $752.3 million and a price-to-earnings ratio of 17.77.
Arctic Cat (NASDAQ:ACAT) last announced its earnings results on Thursday, July 25th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.19. The company had revenue of $120.80 million for the quarter, compared to the consensus estimate of $126.30 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Analysts expect that Arctic Cat will post $3.35 EPS for the current fiscal year.
Arctic Cat Inc designs, engineers, manufacture and market snowmobiles and all-terrain vehicles (NASDAQ:ACAT) under the Arctic Cat brand name, as well as related parts, garments and accessories (PG&A).
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