Vista Outdoor (NYSE:VSTO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

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 research analysts also recently commented on the stock. Aegis reaffirmed a “hold” rating and issued a $26.00 price target on shares of Vista Outdoor in a report on Monday, August 21st. BidaskClub raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Forward View set a $23.00 price objective on shares of Vista Outdoor and gave the stock a “hold” rating in a research note on Sunday, August 13th. KeyCorp initiated coverage on shares of Vista Outdoor in a research note on Wednesday, August 30th. They issued an “overweight” rating for the company. Finally, Jefferies Group reissued a “buy” rating on shares of Vista Outdoor in a research note on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Vista Outdoor currently has a consensus rating of “Hold” and an average target price of $23.40.

Shares of Vista Outdoor (VSTO) opened at $14.73 on Thursday. Vista Outdoor has a 12 month low of $12.35 and a 12 month high of $40.14. The company has a quick ratio of 1.63, a current ratio of 3.03 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $847.25, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 2.58 and a beta of -0.36.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. The business had revenue of $587.00 million during the quarter, compared to analyst estimates of $588.85 million. During the same quarter in the prior year, the business posted $0.74 EPS. Vista Outdoor’s revenue for the quarter was down 14.2% compared to the same quarter last year. equities analysts expect that Vista Outdoor will post 0.57 earnings per share for the current fiscal year.

In related news, Director Tig H. Krekel bought 3,000 shares of Vista Outdoor stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $13.33 per share, with a total value of $39,990.00. Following the completion of the transaction, the director now owns 7,684 shares in the company, valued at approximately $102,427.72. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Christopher T. Metz acquired 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average cost of $14.86 per share, for a total transaction of $96,590.00. Following the completion of the acquisition, the chief executive officer now owns 87,256 shares of the company’s stock, valued at $1,296,624.16. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 14,500 shares of company stock worth $209,580. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Eagle Asset Management acquired a new stake in Vista Outdoor in the third quarter valued at approximately $2,752,000. TrimTabs Asset Management acquired a new stake in Vista Outdoor in the third quarter valued at approximately $2,075,000. Janus Capital Management boosted its stake in Vista Outdoor by 95.9% in the third quarter. Janus Capital Management now owns 118,300 shares of the company’s stock valued at $5,256,000 after acquiring an additional 57,900 shares in the last quarter. Three Peaks Capital Management boosted its stake in Vista Outdoor by 19.3% in the fourth quarter. Three Peaks Capital Management now owns 227,640 shares of the company’s stock valued at $10,132,000 after acquiring an additional 36,850 shares in the last quarter. Finally, Outfitter Advisors boosted its stake in Vista Outdoor by 5.2% in the fourth quarter. Outfitter Advisors now owns 81,150 shares of the company’s stock valued at $3,612,000 after acquiring an additional 4,030 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

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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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