Roth Capital Lowers Vista Outdoor (NYSE:VSTO) to Hold

Roth Capital downgraded shares of Vista Outdoor (NYSE:VSTO) from a strong-buy rating to a hold rating in a report published on Thursday morning, Zacks.com reports.

VSTO has been the topic of a number of other research reports. B. Riley lowered Vista Outdoor from a buy rating to a neutral rating and set a $43.00 price objective on the stock. in a research note on Wednesday, August 7th. Lake Street Capital upped their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a hold rating in a report on Monday, July 15th. StockNews.com initiated coverage on shares of Vista Outdoor in a research note on Friday. They set a buy rating on the stock. Roth Mkm downgraded shares of Vista Outdoor from a buy rating to a neutral rating and set a $42.00 price target for the company. in a report on Thursday. Finally, Aegis raised shares of Vista Outdoor from a hold rating to a strong-buy rating in a research report on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Vista Outdoor has an average rating of Moderate Buy and a consensus target price of $41.20.

Vista Outdoor Trading Up 0.1 %

Shares of VSTO stock opened at $39.45 on Thursday. Vista Outdoor has a fifty-two week low of $23.33 and a fifty-two week high of $41.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80. The stock’s fifty day moving average is $38.99 and its two-hundred day moving average is $36.00. The firm has a market capitalization of $2.30 billion, a P/E ratio of -358.64 and a beta of 0.81.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. The company had revenue of $644.18 million during the quarter, compared to analysts’ expectations of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. Vista Outdoor’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 EPS. Research analysts expect that Vista Outdoor will post 3.98 earnings per share for the current fiscal year.

Institutional Trading of Vista Outdoor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in Vista Outdoor in the 2nd quarter valued at about $36,000. Innealta Capital LLC acquired a new position in shares of Vista Outdoor in the second quarter valued at approximately $76,000. Headlands Technologies LLC purchased a new stake in Vista Outdoor during the 2nd quarter worth approximately $91,000. Algert Global LLC acquired a new stake in Vista Outdoor during the 2nd quarter worth approximately $210,000. Finally, Highland Capital Management LLC purchased a new position in Vista Outdoor in the 2nd quarter valued at approximately $214,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.

About Vista Outdoor

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.