Vista Outdoor (NYSE:VSTO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
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. “
Several other equities research analysts have also commented on VSTO. Aegis restated a “hold” rating and set a $26.00 target price on shares of Vista Outdoor in a research report on Monday, August 21st. Forward View restated a “hold” rating and set a $23.00 target price on shares of Vista Outdoor in a research report on Sunday, August 20th. Cowen restated a “hold” rating and set a $26.00 target price on shares of Vista Outdoor in a research report on Wednesday, October 4th. BidaskClub upgraded Vista Outdoor from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, Roth Capital set a $21.00 target price on Vista Outdoor and gave the company a “hold” rating in a research report on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Vista Outdoor has an average rating of “Hold” and a consensus price target of $23.40.
Shares of Vista Outdoor (NYSE:VSTO) traded up $0.17 during mid-day trading on Wednesday, hitting $14.23. The stock had a trading volume of 821,700 shares, compared to its average volume of 1,313,480. The firm has a market capitalization of $805.97, a PE ratio of 11.43, a price-to-earnings-growth ratio of 2.45 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 has a 12 month low of $12.35 and a 12 month high of $39.49.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.07. The company had revenue of $587.00 million during the quarter, compared to analysts’ expectations of $588.85 million. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. The business’s quarterly revenue was down 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. equities analysts forecast that Vista Outdoor will post 0.57 earnings per share for the current year.
In other news, Director Mark A. Gottfredson purchased 5,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were acquired at an average price of $14.60 per share, for a total transaction of $73,000.00. Following the completion of the acquisition, the director now owns 21,716 shares in the company, valued at $317,053.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tig H. Krekel purchased 3,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $13.33 per share, for a total transaction of $39,990.00. Following the acquisition, the director now owns 7,684 shares of the company’s stock, valued at approximately $102,427.72. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 16,000 shares of company stock worth $231,165. 1.50% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in VSTO. Ameritas Investment Partners Inc. bought a new position in shares of Vista Outdoor in the second quarter valued at approximately $113,000. Sphera Funds Management LTD. bought a new position in shares of Vista Outdoor in the second quarter valued at approximately $135,000. Northwestern Mutual Investment Management Company LLC bought a new position in shares of Vista Outdoor in the second quarter valued at approximately $500,000. Profund Advisors LLC lifted its holdings in shares of Vista Outdoor by 7.0% in the second quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock valued at $240,000 after purchasing an additional 698 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Vista Outdoor by 18.1% in the second quarter. US Bancorp DE now owns 11,418 shares of the company’s stock valued at $257,000 after purchasing an additional 1,746 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.
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Vista Outdoor Company Profile
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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