Vista Outdoor (NYSE:VSTO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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. “

VSTO has been the topic of several other research reports. BidaskClub raised shares of Vista Outdoor from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Aegis reissued a “hold” rating and issued a $26.00 target price on shares of Vista Outdoor in a research note on Monday, August 21st. Forward View reissued a “hold” rating and issued a $23.00 target price on shares of Vista Outdoor in a research note on Sunday, August 20th. KeyCorp reissued a “hold” rating on shares of Vista Outdoor in a research note on Friday, November 10th. Finally, Roth Capital set a $21.00 target price on shares of Vista Outdoor and gave the company a “hold” rating in a research note on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $23.40.

Vista Outdoor (VSTO) traded up $0.17 during trading on Wednesday, reaching $14.23. 821,700 shares of the company were exchanged, compared to its average volume of 1,313,480. The stock has a market capitalization of $805.97, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 2.45 and a beta of -0.36. The company has a current ratio of 3.03, a quick ratio of 1.63 and a debt-to-equity ratio of 0.86. Vista Outdoor has a 52 week low of $12.35 and a 52 week high of $39.49.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $588.85 million. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. Vista Outdoor’s revenue was down 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 earnings per share. sell-side analysts anticipate that Vista Outdoor will post 0.57 EPS for the current year.

In related news, Director Mark A. Gottfredson purchased 5,000 shares of Vista Outdoor stock in a transaction that occurred on Tuesday, December 5th. The shares were bought at an average price of $14.60 per share, with a total value of $73,000.00. Following the purchase, the director now directly owns 21,716 shares of the company’s stock, valued at approximately $317,053.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tig H. Krekel purchased 3,000 shares of Vista Outdoor stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average cost of $13.33 per share, for a total transaction of $39,990.00. Following the purchase, the director now directly owns 7,684 shares in the company, valued at $102,427.72. The disclosure for this purchase can be found here. Insiders purchased a total of 16,000 shares of company stock worth $231,165 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. purchased a new position in Vista Outdoor in the 2nd quarter worth about $113,000. Sphera Funds Management LTD. bought a new position in Vista Outdoor during the 2nd quarter worth about $135,000. Northwestern Mutual Investment Management Company LLC bought a new position in Vista Outdoor during the 2nd quarter worth about $500,000. Profund Advisors LLC grew its holdings in Vista Outdoor by 7.0% during the 2nd quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock worth $240,000 after acquiring an additional 698 shares in the last quarter. Finally, US Bancorp DE grew its holdings in Vista Outdoor by 18.1% during the 2nd quarter. US Bancorp DE now owns 11,418 shares of the company’s stock worth $257,000 after acquiring an additional 1,746 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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Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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