Vista Outdoor (NYSE:VSTO) Rating Lowered to Hold at Aegis

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

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

Vista Outdoor Stock Down 0.0 %

Vista Outdoor stock opened at $44.10 on Friday. 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 has a market cap of $2.58 billion, a P/E ratio of -245.00 and a beta of 0.79. The business has a fifty day moving average of $42.33 and a two-hundred day moving average of $38.88. Vista Outdoor has a twelve month low of $25.57 and a twelve month high of $44.48.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data 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 positive return on equity of 19.53% and a negative net margin of 0.34%. The firm had revenue of $665.92 million during the quarter, compared to analysts’ expectations of $666.72 million. During the same period in the prior year, the business posted $0.96 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, analysts forecast that Vista Outdoor will post 4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vista Outdoor

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. purchased a new position in Vista Outdoor during the second quarter valued at approximately $36,000. Sound Income Strategies LLC acquired a new stake in shares of Vista Outdoor during the 3rd quarter worth approximately $41,000. Innealta Capital LLC purchased a new position in shares of Vista Outdoor during the 2nd quarter valued at approximately $76,000. Headlands Technologies LLC purchased a new position in shares of 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 third quarter worth $204,000. Institutional investors and hedge funds 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.