(Adds analyst comments)

By Ajay Kamalakaran

BANGALORE, April 8 (Reuters) - Arctic Cat Inc (ACAT.O: Quote, Profile, Research) said it may post a loss for the fourth quarter, citing lower sales of its all-terrain vehicles due to a weak retail environment and reduced order from a large retail customer, sending its shares down 14 percent.

The company, which also cited vendor supply issues for the lowered outlook, said it expects to post a loss of 8 cents to breakeven per share for the quarter, compared with its previous forecast of a profit of 21 cents to 25 cents a share.

One of its large multi-store retailers significantly reduced its planned order for the quarter as it decided to sell all-terrain vehicles only in its largest footprint stores, the company said, without naming the retailer.

The retailer could be Gander Mountain Co (GMTN.O: Quote, Profile, Research), RBC Capital Markets analyst Edward Aaron said.

Arctic Cat, which also makes snowmobiles, said it expects sales to be $167 million to $169 million, down from its prior view of $192 million to $212 million.

Analysts on average were expecting earnings of 23 cents a share, before items, on revenue of $198.9 million, according to Reuters Estimates.

Shares of the company fell to $6.35 in trading after the bell after closing at $7.37 Tuesday on Nasdaq. (Editing by Deepak Kannan)