Vista Outdoor Inc. (VSTO) Downgraded to “Sell” at Zacks Investment Research
Vista Outdoor Inc. (NYSE:VSTO) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research note issued on Tuesday.
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. “
Several other equities research analysts have also recently commented on VSTO. BidaskClub upgraded Vista Outdoor from a “sell” rating to a “hold” rating in a research note on Friday. Forward View set a $23.00 price target on Vista Outdoor and gave the stock a “hold” rating in a research note on Sunday, August 13th. Aegis restated a “hold” rating and set a $26.00 price target on shares of Vista Outdoor in a research note on Monday, August 21st. Jefferies Group LLC restated a “buy” rating on shares of Vista Outdoor in a research note on Wednesday, October 11th. Finally, Roth Capital set a $21.00 price target on Vista Outdoor and gave the stock a “hold” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.05.
Shares of Vista Outdoor (VSTO) opened at 21.88 on Tuesday. Vista Outdoor has a 52 week low of $18.32 and a 52 week high of $41.29. The stock’s 50 day moving average is $22.06 and its 200-day moving average is $22.06. The firm’s market cap is $1.25 billion.
Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.11. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The business had revenue of $569.00 million during the quarter, compared to analysts’ expectations of $552.49 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, equities analysts predict that Vista Outdoor will post $1.24 EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of VSTO. Russell Investments Group Ltd. boosted its stake in shares of Vista Outdoor by 1,128.7% during the first quarter. Russell Investments Group Ltd. now owns 37,057 shares of the company’s stock valued at $764,000 after acquiring an additional 34,041 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Vista Outdoor by 12.1% during the first quarter. UBS Asset Management Americas Inc. now owns 38,665 shares of the company’s stock valued at $796,000 after acquiring an additional 4,181 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Vista Outdoor during the first quarter valued at $297,000. Parametric Portfolio Associates LLC boosted its stake in shares of Vista Outdoor by 32.6% during the first quarter. Parametric Portfolio Associates LLC now owns 123,264 shares of the company’s stock valued at $2,538,000 after acquiring an additional 30,277 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Vista Outdoor by 160.5% during the first quarter. JPMorgan Chase & Co. now owns 363,270 shares of the company’s stock valued at $7,480,000 after acquiring an additional 223,794 shares during the last quarter.
Vista Outdoor Company Profile
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.
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