Vista Outdoor (NYSE:VSTO) Downgraded to “Hold” at Roth Capital

Roth Capital cut shares of Vista Outdoor (NYSE:VSTO) from a strong-buy rating to a hold rating in a research note published on Thursday morning, Zacks.com reports.

A number of other research analysts also recently commented on the company. Aegis upgraded Vista Outdoor from a hold rating to a strong-buy rating in a report on Wednesday, August 14th. StockNews.com began coverage on shares of Vista Outdoor in a research note on Friday. They issued a buy rating on the stock. Lake Street Capital boosted their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a hold rating in a research report on Monday, July 15th. 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 report on Thursday. Finally, B. Riley lowered shares of Vista Outdoor from a buy rating to a neutral rating and set a $43.00 price target on the stock. in a research note on Wednesday, August 7th. Four equities research 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $41.20.

Vista Outdoor Stock Up 0.1 %

Shares of NYSE:VSTO opened at $39.45 on Thursday. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. Vista Outdoor has a fifty-two week low of $23.33 and a fifty-two week high of $41.11. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -358.64 and a beta of 0.81. The firm’s 50 day moving average price is $38.99 and its 200 day moving average price is $36.00.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VSTO. Black Diamond Capital Management L.L.C. grew its holdings in shares of 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 during the last quarter. Norges Bank acquired a new stake in Vista Outdoor during the 4th quarter worth approximately $9,884,000. American Century Companies Inc. grew its stake in shares of Vista Outdoor by 19.2% in the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after purchasing an additional 218,018 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Vista Outdoor by 2,197.0% in the second quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock valued at $7,289,000 after purchasing an additional 185,181 shares during the period. Finally, Gabelli Funds LLC increased its holdings in shares of Vista Outdoor by 445.4% in the fourth quarter. Gabelli Funds LLC now owns 107,981 shares of the company’s stock valued at $3,193,000 after purchasing an additional 88,181 shares during the period. 90.51% of the stock is currently owned by institutional investors and hedge funds.

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.