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

Vista Outdoor (NYSE:VSTO) was downgraded by equities researchers at Aegis 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 topic of a number of other reports. StockNews.com began coverage on Vista Outdoor in a research report on Friday. They set a “buy” rating on the stock. Monness Crespi & Hardt downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Roth Mkm cut 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. Finally, B. Riley downgraded 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. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Price Performance

Vista Outdoor stock opened at $44.10 on Friday. Vista Outdoor has a 52-week low of $25.57 and a 52-week high of $44.48. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average is $42.33 and its 200 day moving average is $38.88. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -245.00 and a beta of 0.79.

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

Institutional Investors Weigh In On Vista Outdoor

Several large investors have recently modified their holdings of the business. Blue Trust Inc. bought a new position in shares of Vista Outdoor during the second quarter valued at approximately $36,000. Sound Income Strategies LLC purchased a new position in shares of Vista Outdoor in the 3rd quarter valued at $41,000. Innealta Capital LLC bought a new position in shares of Vista Outdoor in the 2nd quarter worth $76,000. Headlands Technologies LLC bought a new position in Vista Outdoor in the second quarter worth about $91,000. Finally, Priebe Wealth Holdings LLC purchased a new position in shares of Vista Outdoor in the 3rd quarter worth 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.