Arctic Cat Inc. (ACAT) Earns Hold Rating from Wells Fargo & Co.
Arctic Cat Inc. (NASDAQ:ACAT)‘s stock had its “hold” rating reaffirmed by Wells Fargo & Co. in a report issued on Tuesday.
Other equities analysts also recently issued reports about the stock. Wunderlich reaffirmed a “sell” rating and set a $13.00 price objective (up from $10.00) on shares of Arctic Cat in a research note on Tuesday, July 12th. Northcoast Research downgraded shares of Arctic Cat from a “buy” rating to a “neutral” rating in a research note on Thursday, June 16th. Zacks Investment Research downgraded shares of Arctic Cat from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 3rd. Finally, Feltl & Co. downgraded shares of Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 price target for the company. in a research note on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.00.
Arctic Cat (NASDAQ:ACAT) remained flat at $14.20 during trading on Tuesday. 21,051 shares of the stock were exchanged. Arctic Cat has a 1-year low of $8.90 and a 1-year high of $25.60. The stock’s market capitalization is $185.27 million. The company’s 50 day moving average is $14.75 and its 200-day moving average is $15.95.
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Arctic Cat (NASDAQ:ACAT) last issued its quarterly earnings data on Friday, July 29th. The company reported ($0.81) EPS for the quarter, missing the 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. Arctic Cat had a negative net margin of 3.10% and a negative return on equity of 10.63%. The business’s revenue was down 22.0% on a year-over-year basis. During the same period last year, the company posted ($0.08) earnings per share. Equities research analysts forecast that Arctic Cat will post ($0.92) earnings per share for the current fiscal year.
In other Arctic Cat news, Director Andrew S. Duff acquired 5,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were acquired at an average price of $14.89 per share, for a total transaction of $74,450.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the company. Kempen Capital Management N.V. boosted its stake 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 period. Metropolitan Life Insurance Co. NY boosted its stake in 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 stake in 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 stake in 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 stake in 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 and hedge funds own 99.61% of the company’s stock.
About Arctic Cat
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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