Vista Outdoor (NYSE:VSTO) Downgraded by Zacks Investment Research to Hold


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Vista Outdoor (NYSE:VSTO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “Vista Outdoor Inc. develops, manufacture and distribute optics, accessories and eyewear. The Company operates in two segments: Shooting Sports and Outdoor Products. Its product consist of binoculars, laser rangefinders, riflescopes, trail cameras, archery accessories, blinds, decoys, game calls, gun care products, mounts, powder, reloading equipment, targets, target systems, safety and protective eyewear, fashion and sports eyewear. The company’s product portfolio include Bushnell(R), Primos(R), Bollè(R), Serengeti(R), Cèbè, RCBS(R), Hoppe’s(R), Uncle Mike’s(R), Gold Tip(R), Weaver(R) and Tasco(R). Vista Outdoor Inc. is headquartered in Utah. “

A number of other brokerages have also recently weighed in on VSTO. KeyCorp upped their price objective on Vista Outdoor from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, February 5th. Aegis raised their price objective on Vista Outdoor from $27.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, February 4th. CL King raised their price objective on Vista Outdoor from $31.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, January 14th. Roth Capital assumed coverage on Vista Outdoor in a research note on Wednesday, January 6th. They issued a “buy” rating for the company. Finally, B. Riley lifted their price target on Vista Outdoor from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, February 5th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Vista Outdoor currently has an average rating of “Buy” and a consensus target price of $35.89.

NYSE VSTO opened at $32.33 on Thursday. The company has a market cap of $1.89 billion, a P/E ratio of -18.91 and a beta of 0.40. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.45 and a current ratio of 2.68. The business’s 50 day moving average price is $32.26 and its 200-day moving average price is $25.90. Vista Outdoor has a fifty-two week low of $6.52 and a fifty-two week high of $38.36.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, February 4th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.37. The firm had revenue of $574.70 million for the quarter, compared to the consensus estimate of $525.94 million. Vista Outdoor had a positive return on equity of 9.19% and a negative net margin of 5.52%. The company’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. As a group, equities analysts predict that Vista Outdoor will post 1.97 EPS for the current year.

In other Vista Outdoor news, insider Jason R. Vanderbrink sold 15,498 shares of the firm’s stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $33.80, for a total value of $523,832.40. Following the sale, the insider now directly owns 91,657 shares of the company’s stock, valued at $3,098,006.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Greenhouse Funds LLLP grew its holdings in Vista Outdoor by 6.3% in the fourth quarter. Greenhouse Funds LLLP now owns 1,899,657 shares of the company’s stock valued at $45,136,000 after purchasing an additional 112,337 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Vista Outdoor by 2.3% in the third quarter. Cubist Systematic Strategies LLC now owns 117,542 shares of the company’s stock worth $2,372,000 after acquiring an additional 2,647 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Vista Outdoor by 188.3% in the third quarter. Point72 Asset Management L.P. now owns 103,500 shares of the company’s stock worth $2,089,000 after acquiring an additional 67,600 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Vista Outdoor by 84.8% in the third quarter. Sei Investments Co. now owns 75,186 shares of the company’s stock worth $1,536,000 after acquiring an additional 34,490 shares during the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new stake in shares of Vista Outdoor in the fourth quarter worth approximately $835,000. 89.59% of the stock is currently owned by institutional investors.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets various consumer products in the outdoor sports and recreation markets in the United States and internationally. It has a portfolio of brands that provides consumers with a range of products for individual outdoor recreational pursuits. The company operates through two segments, Shooting Sports and Outdoor Products.

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