Vista Outdoor (NYSE:VSTO) Lowered to Hold Rating by Aegis

Aegis downgraded shares of Vista Outdoor (NYSE:VSTO) from a strong-buy rating to a hold rating in a report issued on Friday morning,Zacks.com reports.

A number of other brokerages also recently commented on VSTO. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research note on Thursday, September 19th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a report on Wednesday, August 7th. Finally, StockNews.com started coverage on Vista Outdoor in a research report on Friday. They set a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Stock Performance

Shares of VSTO stock opened at $44.10 on Friday. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -245.00 and a beta of 0.79. Vista Outdoor has a 52-week low of $25.57 and a 52-week high of $44.48. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $42.33 and its 200 day moving average is $38.88.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. The business had revenue of $665.92 million for the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. On average, sell-side analysts anticipate that Vista Outdoor will post 4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new stake in shares of Vista Outdoor during the second quarter valued at $36,000. Sound Income Strategies LLC acquired a new stake in Vista Outdoor during the 3rd quarter worth about $41,000. Innealta Capital LLC purchased a new stake in Vista Outdoor during the 2nd quarter valued at about $76,000. Headlands Technologies LLC acquired a new position in shares of Vista Outdoor in the second quarter valued at about $91,000. Finally, Priebe Wealth Holdings LLC acquired a new position in shares of Vista Outdoor in the third quarter valued at about $204,000. Institutional investors and hedge funds 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.