Vista Outdoor (NYSE:VSTO) Downgraded to “Hold” Rating by Aegis

Vista Outdoor (NYSE:VSTO) was downgraded by Aegis from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

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

Vista Outdoor Trading Down 0.0 %

NYSE VSTO opened at $44.10 on Friday. Vista Outdoor has a 12 month low of $25.57 and a 12 month high of $44.48. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average price is $42.33 and its 200-day moving average price is $38.88. The stock has a market cap of $2.58 billion, a P/E ratio of -245.00 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.92 by $0.11. The company had revenue of $665.92 million for 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%. Vista Outdoor’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. As a group, equities analysts forecast that Vista Outdoor will post 4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VSTO. Blue Trust Inc. purchased a new position in shares of Vista Outdoor in the second quarter valued at about $36,000. Sound Income Strategies LLC purchased a new position in Vista Outdoor in the 3rd quarter worth approximately $41,000. Innealta Capital LLC bought a new position in Vista Outdoor in the 2nd quarter worth approximately $76,000. Headlands Technologies LLC purchased a new stake in Vista Outdoor during the 2nd quarter valued at approximately $91,000. Finally, Priebe Wealth Holdings LLC purchased a new stake in Vista Outdoor during the 3rd quarter valued at approximately $204,000. 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.