Today’s Stock On Watch: Arctic Cat Inc Has Another Very Strong Trading Session

Today's Stock On Watch: Arctic Cat Inc Has Another Very Strong Trading Session

The stock of Arctic Cat Inc (NASDAQ:ACAT) is a huge mover today! The stock increased 7.49% or $1.08 during the last trading session, hitting $15.49. About 320,438 shares traded hands or 192.97% up from the average. Arctic Cat Inc (NASDAQ:ACAT) has declined 16.03% since February 26, 2016 and is downtrending. It has underperformed by 26.45% the S&P500.
The move comes after 8 months positive chart setup for the $200.99 million company. It was reported on Sep, 30 by Barchart.com. We have $36.71 PT which if reached, will make NASDAQ:ACAT worth $275.36M more.

Analysts await Arctic Cat Inc (NASDAQ:ACAT) to report earnings on October, 27. They expect $0.35 earnings per share, down 58.82% or $0.50 from last year’s $0.85 per share. ACAT’s profit will be $4.54 million for 11.06 P/E if the $0.35 EPS becomes a reality. After $-0.81 actual earnings per share reported by Arctic Cat Inc for the previous quarter, Wall Street now forecasts -143.21% EPS growth.

Arctic Cat Inc (NASDAQ:ACAT) Ratings Coverage

Out of 6 analysts covering Arctic Cat (NASDAQ:ACAT), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. Arctic Cat has been the topic of 12 analyst reports since October 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Wunderlich with “Hold” on Thursday, October 22. The stock of Arctic Cat Inc (NASDAQ:ACAT) has “Buy” rating given on Friday, September 30 by Jefferies. As per Friday, March 11, the company rating was downgraded by Wunderlich. The firm has “Neutral” rating given on Friday, June 17 by Northcoast. The firm earned “Market Perform” rating on Monday, October 26 by BMO Capital Markets. Wedbush maintained Arctic Cat Inc (NASDAQ:ACAT) on Friday, January 29 with “Neutral” rating. Wunderlich upgraded Arctic Cat Inc (NASDAQ:ACAT) rating on Wednesday, September 14. Wunderlich has “Hold” rating and $13 price target. The company was downgraded on Monday, January 11 by Raymond James. Wunderlich maintained Arctic Cat Inc (NASDAQ:ACAT) rating on Thursday, May 12. Wunderlich has “Sell” rating and $10 price target. As per Tuesday, December 15, the company rating was maintained by Wunderlich.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.56, from 1.49 in 2016Q1. The ratio turned negative, as 16 funds sold all Arctic Cat Inc shares owned while 26 reduced positions. 5 funds bought stakes while 34 increased positions. They now own 12.49 million shares or 0.67% less from 12.57 million shares in 2016Q1.
Da Davidson has 0% invested in the company for 28 shares. Royal Fincl Bank Of Canada last reported 0% of its portfolio in the stock. Deutsche National Bank Ag has invested 0% of its portfolio in Arctic Cat Inc (NASDAQ:ACAT). Northern Tru accumulated 0% or 176,617 shares. New York State Teachers Retirement owns 25,633 shares or 0% of their US portfolio. Granite Inv Ltd Limited Liability Company holds 0.08% or 62,363 shares in its portfolio. Moreover, Vanguard Gp has 0% invested in Arctic Cat Inc (NASDAQ:ACAT) for 612,010 shares. Wall Street Assoc holds 114,980 shares or 0.78% of its portfolio. Citigroup has invested 0% of its portfolio in Arctic Cat Inc (NASDAQ:ACAT). Pacific Ridge Ltd Liability Corporation holds 65,680 shares or 0.51% of its portfolio. Pub Employees Retirement Association Of Colorado, a Colorado-based fund reported 6,101 shares. National Bank & Trust Of America De accumulated 0% or 6,208 shares. Bridgeway Capital has 0% invested in the company for 15,100 shares. Creative Planning accumulated 0% or 1,533 shares. Moreover, Morgan Dempsey Cap Mgmt Ltd Llc has 0.6% invested in Arctic Cat Inc (NASDAQ:ACAT) for 104,181 shares.

Insider Transactions: Since August 3, 2016, the stock had 1 insider purchase, and 0 selling transactions for $74,450 net activity. Another trade for 5,000 shares valued at $74,450 was made by DUFF ANDREW S on Wednesday, August 3.

More important recent Arctic Cat Inc (NASDAQ:ACAT) news were published by: Fool.com which released: “Better Buy: Polaris Industries Inc. vs. Arctic Cat” on September 22, 2016, also Businesswire.com published article titled: “Arctic Cat Completes Headquarters Move to Minneapolis”, Businesswire.com published: “Arctic Cat Names Erik C. Nelson to Lead Snowmobile Division and Patricia L …” on March 29, 2016. More interesting news about Arctic Cat Inc (NASDAQ:ACAT) was released by: Businesswire.com and their article: “Arctic Cat Introduces Second Wave of 2017 ATV and ROV Models” with publication date: September 16, 2016.

ACAT Company Profile

Arctic Cat Inc. (Arctic Cat), incorporated on October 29, 1982, designs, engineers, makes 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 Firm offers its products under the Arctic Cat and MotorFist brand names. The Firm operates through two divisions: snowmobile and ATV/ROV, and PG&A. The Firm 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.

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