Vista Outdoor (NYSE:VSTO) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Vista Outdoor (NYSE:VSTOGet Rating) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

VSTO has been the subject of several other research reports. Lake Street Capital decreased their price target on shares of Vista Outdoor from $45.00 to $35.00 in a research note on Friday, February 3rd. B. Riley reduced their price objective on shares of Vista Outdoor from $45.00 to $41.00 and set a buy rating for the company in a research note on Friday, February 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $41.67.

Vista Outdoor Stock Performance

Vista Outdoor stock opened at $27.20 on Tuesday. The company has a 50 day moving average price of $27.62 and a 200-day moving average price of $26.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.99 and a current ratio of 2.39. Vista Outdoor has a fifty-two week low of $22.97 and a fifty-two week high of $41.20. The company has a market capitalization of $1.54 billion, a PE ratio of 3.98 and a beta of 0.96.

Vista Outdoor (NYSE:VSTOGet Rating) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.21. Vista Outdoor had a net margin of 12.63% and a return on equity of 33.27%. The firm had revenue of $754.80 million during the quarter, compared to the consensus estimate of $753.72 million. During the same quarter in the previous year, the firm posted $2.10 earnings per share. The company’s revenue was down 5.0% on a year-over-year basis. As a group, equities analysts forecast that Vista Outdoor will post 6.21 earnings per share for the current year.

Institutional Investors Weigh In On Vista Outdoor

A number of large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of Vista Outdoor by 3.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,246 shares of the company’s stock worth $314,000 after acquiring an additional 323 shares in the last quarter. Cetera Advisor Networks LLC boosted its stake in shares of Vista Outdoor by 3.0% during the 2nd quarter. Cetera Advisor Networks LLC now owns 11,486 shares of the company’s stock worth $320,000 after acquiring an additional 331 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Vista Outdoor by 0.3% during the 1st quarter. Rhumbline Advisers now owns 125,532 shares of the company’s stock worth $4,480,000 after acquiring an additional 334 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Vista Outdoor by 1.5% during the 4th quarter. SummerHaven Investment Management LLC now owns 28,968 shares of the company’s stock worth $706,000 after acquiring an additional 423 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its stake in shares of Vista Outdoor by 54.8% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,300 shares of the company’s stock worth $32,000 after acquiring an additional 460 shares in the last quarter. 85.56% of the stock is owned by hedge funds and other institutional investors.

About Vista Outdoor

(Get Rating)

Vista Outdoor, Inc engages in the design, manufacture, and marketing of consumer products in the outdoor sports and recreation markets. It operates through the following segments: Shooting Sports and Outdoor Products. The Shooting Sports segment is comprised of ammunition and hunting & shooting accessories product lines.

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Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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