Vista Outdoor (NYSE:VSTO) Rating Lowered to Hold at Roth Capital

Vista Outdoor (NYSE:VSTO) was downgraded by equities researchers at Roth Capital from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

Several other research analysts have also recently weighed in on VSTO. B. Riley cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research report on Wednesday, August 7th. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Roth Mkm cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research report on Thursday. Lake Street Capital upped their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Finally, StockNews.com started coverage on shares of Vista Outdoor in a research report on Friday. They set a “buy” rating for the company. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.20.

Vista Outdoor Stock Up 0.1 %

Shares of VSTO opened at $39.46 on Thursday. The company has a market capitalization of $2.30 billion, a P/E ratio of -358.68 and a beta of 0.81. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. Vista Outdoor has a one year low of $23.33 and a one year high of $41.11. The business’s 50 day simple moving average is $38.96 and its 200-day simple moving average is $35.92.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Monday, August 5th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. The business had revenue of $644.18 million for the quarter, compared to the consensus estimate of $664.05 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. Vista Outdoor’s revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 EPS. As a group, sell-side analysts predict that Vista Outdoor will post 3.98 EPS for the current fiscal year.

Institutional Trading of Vista Outdoor

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Vista Outdoor by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock valued at $163,325,000 after purchasing an additional 54,189 shares during the period. American Century Companies Inc. boosted its stake in shares of Vista Outdoor by 19.2% in the second quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after buying an additional 218,018 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Vista Outdoor by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 815,346 shares of the company’s stock valued at $24,110,000 after buying an additional 18,442 shares during the period. Black Diamond Capital Management L.L.C. grew its position in Vista Outdoor by 149.9% during the fourth quarter. Black Diamond Capital Management L.L.C. now owns 695,303 shares of the company’s stock worth $20,560,000 after buying an additional 417,050 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Vista Outdoor by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock worth $19,160,000 after acquiring an additional 5,945 shares during the period. 90.51% of the stock is currently owned by institutional investors.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.