Arctic Cat Inc. (ACAT) Earns Hold Rating from Wells Fargo & Co.
Arctic Cat Inc. (NASDAQ:ACAT)‘s stock had its “hold” rating reiterated by research analysts at Wells Fargo & Co. in a report issued on Tuesday.
A number of other equities analysts have also issued reports on the company. Wunderlich raised Arctic Cat from a “sell” rating to a “hold” rating and set a $13.00 price target on the stock in a report on Wednesday, September 14th. Zacks Investment Research lowered Arctic Cat from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 3rd. Feltl & Co. lowered Arctic Cat from a “hold” rating to a “sell” rating and set a $12.00 price target on the stock. in a report on Friday, July 29th. Finally, Northcoast Research downgraded shares of Arctic Cat from a “buy” rating to a “neutral” rating in a research report on Thursday, June 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.00.
Shares of Arctic Cat (NASDAQ:ACAT) traded down 0.106% during mid-day trading on Tuesday, reaching $14.185. The company’s stock had a trading volume of 20,831 shares. Arctic Cat has a 52 week low of $8.90 and a 52 week high of $25.60. The stock’s market capitalization is $185.07 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 released its quarterly earnings results on Friday, July 29th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.36) by $0.45. Arctic Cat had a negative return on equity of 10.63% and a negative net margin of 3.10%. The company had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $117.81 million. During the same period in the prior year, the business earned ($0.08) EPS. The business’s quarterly revenue was down 22.0% compared to the same quarter last year. Equities analysts predict that Arctic Cat will post ($0.92) EPS for the current year.
In related news, Director Andrew S. Duff purchased 5,000 shares of Arctic Cat 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.70% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Kempen Capital Management N.V. increased its stake in 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 increased 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. BlackRock Group LTD increased its stake in Arctic Cat by 9.6% in the first quarter. BlackRock Group LTD now owns 14,366 shares of the company’s stock worth $241,000 after buying an additional 1,258 shares during the last quarter. American Century Companies Inc. increased its stake in Arctic Cat by 36.5% in the fourth quarter. American Century Companies Inc. now owns 16,367 shares of the company’s stock worth $268,000 after buying an additional 4,380 shares during the last quarter. Finally, Teachers Advisors Inc. increased 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. 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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