Vista Outdoor (NYSE:VSTO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
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. “
Get Vista Outdoor alerts:VSTO has been the subject of a number of other research reports. B. Riley started coverage on Vista Outdoor in a research report on Thursday, February 28th. They issued a “buy” rating and a $13.00 price objective for the company. Roth Capital reiterated a “neutral” rating on shares of Vista Outdoor in a research report on Friday, February 8th. Finally, ValuEngine downgraded Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $15.88.
Shares of NYSE:VSTO opened at $8.11 on Wednesday. Vista Outdoor has a twelve month low of $8.05 and a twelve month high of $19.41. The company has a market cap of $482.61 million, a P/E ratio of 16.22 and a beta of 0.07. The company has a quick ratio of 1.78, a current ratio of 2.95 and a debt-to-equity ratio of 1.09.
Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, February 7th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.04. Vista Outdoor had a negative return on equity of 0.44% and a negative net margin of 29.12%. The firm had revenue of $467.80 million during the quarter, compared to the consensus estimate of $505.40 million. During the same quarter in the prior year, the company earned $0.13 EPS. The firm’s revenue for the quarter was down 19.5% compared to the same quarter last year. On average, equities research analysts forecast that Vista Outdoor will post 0.26 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of Vista Outdoor by 40.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,124 shares of the company’s stock worth $58,000 after acquiring an additional 1,488 shares during the period. Laurion Capital Management LP bought a new stake in shares of Vista Outdoor in the 3rd quarter worth approximately $196,000. United Services Automobile Association bought a new stake in shares of Vista Outdoor in the 3rd quarter worth approximately $234,000. Paloma Partners Management Co bought a new stake in shares of Vista Outdoor in the 4th quarter worth approximately $153,000. Finally, Hsbc Holdings PLC lifted its position in shares of Vista Outdoor by 62.6% in the 4th quarter. Hsbc Holdings PLC now owns 16,498 shares of the company’s stock worth $188,000 after acquiring an additional 6,352 shares during the period. Institutional investors own 95.27% of the company’s stock.
About Vista Outdoor
Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.
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