Arctic Cat Inc (ACAT) was Reiterated by Wunderlich to “Sell” while Lowering the Price Target of the company shares to $ 10 from a previous price target of $11 . Wunderlich advised their investors in a research report released on May 12, 2016.
Many Wall Street Analysts have commented on Arctic Cat Inc. Shares were Downgraded by Wunderlich on Mar 11, 2016 to ” Sell” and Lowered the Price Target to $ 11 from a previous price target of $12.50 .
On the company’s financial health, Arctic Cat Inc reported $-1.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.44 based on the information available during the earnings call on May 12, 2016. Analyst had a consensus of $-0.86. The company had revenue of $121.40 million for the quarter, compared to analysts expectations of $136.54 million. The company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.15 EPS.
Arctic Cat Inc opened for trading at $14.53 and hit $14.99 on the upside on Tuesday, eventually ending the session at $14.76, with a gain of 1.51% or 0.22 points. The heightened volatility saw the trading volume jump to 1,61,351 shares. Company has a market cap of $192 M.
In a different news, on Feb 26, 2016, Bradley D Darling (VP-GM, Snowmobile Division) sold 19,101 shares at $15.78 per share price. According to the SEC, on Feb 2, 2016, Susan E Lester (director) purchased 3,000 shares at $10.59 per share price. On Feb 2, 2016, Joseph F. Puishys (director) purchased 10,000 shares at $10.66 per share price, according to the Form-4 filing with the securities and exchange commission.
Arctic Cat Inc. 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. The Company offers its products under the Arctic Cat and MotorFist brand names. The Company’s operations include three operating segments: snowmobile ATV and parts garments and accessories (PG&A). It markets its products through a network of independent dealers located throughout the United States Canada and Europe and through distributors representing dealers in Europe Russia South America the Middle East China Asia and other international markets. Its snowmobiles are sold in the United States Canada Scandinavia Russia and other international markets. The Company offers Prowler utility side-by-side vehicle which is configured with a range of different engines that are manufactured by it and also includes a rear cargo box and dual bucket seats.