Vista Outdoor (NYSE:VSTO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
According to Zacks, “Vista Outdoor Inc. develops, manufacture and distribute optics, accessories and eyewear. The Company operates in two segments: Shooting Sports and Outdoor Products. Its product consist of binoculars, laser rangefinders, riflescopes, trail cameras, archery accessories, blinds, decoys, game calls, gun care products, mounts, powder, reloading equipment, targets, target systems, safety and protective eyewear, fashion and sports eyewear. The company’s product portfolio include Bushnell(R), Primos(R), Bollè(R), Serengeti(R), Cèbè, RCBS(R), Hoppe’s(R), Uncle Mike’s(R), Gold Tip(R), Weaver(R) and Tasco(R). Vista Outdoor Inc. is headquartered in Utah. “
A number of other research firms also recently weighed in on VSTO. Cowen reissued a “hold” rating and set a $26.00 target price on shares of Vista Outdoor in a report on Wednesday, October 4th. BidaskClub raised Vista Outdoor from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Roth Capital set a $21.00 target price on Vista Outdoor and gave the stock a “hold” rating in a report on Friday, October 6th. Jefferies Group reissued a “buy” rating on shares of Vista Outdoor in a report on Wednesday, October 11th. Finally, ValuEngine downgraded Vista Outdoor from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.40.
Shares of Vista Outdoor (VSTO) opened at $14.59 on Friday. Vista Outdoor has a twelve month low of $12.35 and a twelve month high of $39.39. The stock has a market capitalization of $836.35, a price-to-earnings ratio of -1.79, a price-to-earnings-growth ratio of 2.54 and a beta of -0.36. The company has a current ratio of 3.03, a quick ratio of 1.63 and a debt-to-equity ratio of 0.86.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. The business had revenue of $587.00 million during the quarter, compared to the consensus estimate of $588.85 million. During the same quarter last year, the firm posted $0.74 EPS. The company’s quarterly revenue was down 14.2% on a year-over-year basis. equities research analysts expect that Vista Outdoor will post 0.57 earnings per share for the current fiscal year.
In other Vista Outdoor news, CEO Christopher T. Metz bought 6,500 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were purchased at an average price of $14.86 per share, for a total transaction of $96,590.00. Following the completion of the transaction, the chief executive officer now directly owns 87,256 shares in the company, valued at approximately $1,296,624.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tig H. Krekel bought 3,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $13.33 per share, for a total transaction of $39,990.00. Following the transaction, the director now owns 7,684 shares of the company’s stock, valued at $102,427.72. The disclosure for this purchase can be found here. Insiders purchased 16,000 shares of company stock worth $231,165 in the last 90 days. 1.50% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Suntrust Banks Inc. grew its position in Vista Outdoor by 1.9% in the second quarter. Suntrust Banks Inc. now owns 13,200 shares of the company’s stock valued at $296,000 after acquiring an additional 243 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Vista Outdoor by 0.6% during the second quarter. Prudential Financial Inc. now owns 96,198 shares of the company’s stock worth $2,165,000 after purchasing an additional 564 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of Vista Outdoor by 7.0% during the second quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock worth $240,000 after purchasing an additional 698 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Vista Outdoor by 5.6% during the second quarter. Thrivent Financial For Lutherans now owns 34,490 shares of the company’s stock worth $776,000 after purchasing an additional 1,820 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Vista Outdoor by 2.8% during the second quarter. Rhumbline Advisers now owns 107,525 shares of the company’s stock worth $2,420,000 after purchasing an additional 2,958 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.
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About Vista Outdoor
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.
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