Vista Outdoor (NYSE:VSTO) Stock Rating Lowered by Aegis

Aegis downgraded shares of Vista Outdoor (NYSE:VSTO) from a strong-buy rating to a hold rating in a research note issued to investors on Friday,Zacks.com reports.

VSTO has been the subject of several other research reports. StockNews.com started coverage on Vista Outdoor in a report on Friday. They set a “buy” rating for the company. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Roth Mkm cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Thursday, September 19th. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a report on Wednesday, August 7th. Finally, Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.20.

Vista Outdoor Price Performance

Vista Outdoor stock opened at $44.10 on Friday. The stock’s 50 day moving average price is $42.33 and its two-hundred day moving average price is $38.88. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -245.00 and a beta of 0.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. Vista Outdoor has a 52-week low of $25.57 and a 52-week high of $44.48.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. The firm had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. On average, equities analysts predict that Vista Outdoor will post 4 earnings per share for the current year.

Hedge Funds Weigh In On Vista Outdoor

A number of hedge funds and other institutional investors have recently modified their holdings of VSTO. Blue Trust Inc. purchased a new position in Vista Outdoor in the second quarter worth $36,000. Sound Income Strategies LLC bought a new stake in shares of Vista Outdoor in the 3rd quarter worth approximately $41,000. Innealta Capital LLC purchased a new position in Vista Outdoor in the second quarter valued at approximately $76,000. Headlands Technologies LLC bought a new position in Vista Outdoor during the second quarter valued at $91,000. Finally, Priebe Wealth Holdings LLC purchased a new stake in Vista Outdoor in the third quarter worth $204,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.

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.