Outside view (NYSE: VSTO – Get a rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report delivered Wednesday to clients and investors, Zacks.com reports.
According to Zacks, “Vista Outdoor Inc. develops, manufactures and distributes optics, accessories and eyewear. The Company operates through two segments: Shooting Sports and Outdoor Products. Its product includes binoculars, laser rangefinders, rifle scopes, hunting cameras, archery accessories, blinds, decoys, game calls, gun care products, frames, powder, reloading equipment, targets, target systems, safety and protective eyewear, fashion and sports eyewear. The company’s product portfolio includes 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 analysts have also recently commented on VSTO. StockNews.com began covering Vista Outdoor in a research report on Thursday, March 31. They issued a “buy” rating on the stock. Monness Crespi & Hardt reworded a “buy” rating and posted a $65.00 price target on Vista Outdoor shares in a research note on Friday, March 18. Finally, Roth Capital lowered its price target on Vista Outdoor from $61.00 to $57.00 in a Friday, February 4 research report. One analyst gave the stock a sell rating and nine gave the company a buy rating. According to MarketBeat.com, Vista Outdoor has a consensus rating of “Buy” and a consensus target price of $58.11.
Shares of VSTO traded at $0.69 in midday trading on Wednesday, reaching $37.50. The company had a trading volume of 7,842 shares, compared to an average volume of 874,565. The company has a leverage ratio of 0.69, a quick ratio of 1.21 and a current ratio of 2.64. The company has a 50-day moving average price of $36.23 and a 200-day moving average price of $40.28. Vista Outdoor has a 52-week low of $30.81 and a 52-week high of $52.69. The company has a market capitalization of $2.11 billion, a price-earnings ratio of 5.22 and a beta of 0.56.
Outside view (NYSE: VSTO – Get a rating) last released its quarterly results on Thursday, February 3. The company reported EPS of $2.10 for the quarter, beating analyst consensus estimates of $1.88 by $0.22. Vista Outdoor had a return on equity of 49.40% and a net margin of 15.09%. The company posted revenue of $794.70 million for the quarter, compared to $746.79 million expected by analysts. During the same period a year earlier, the company posted EPS of $1.03. The company’s revenue for the quarter increased by 38.3% compared to the same quarter last year. As a group, research analysts expect Vista Outdoor to post earnings per share of 8.06 for the current fiscal year.
In other Vista Outdoor news, an insider Jason R. Vanderbrink sold 3,104 shares of the company in a trade dated Wednesday, March 9. The stock was sold at an average price of $35.79, for a total value of $111,092.16. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink. Insiders of the company own 1.78% of the shares of the company.
Several hedge funds have recently bought and sold shares of VSTO. Patriot Financial Group Insurance Agency LLC bought a new stock position in Vista Outdoor during Q3, valued at approximately $27,000. Richwood Investment Advisors LLC bought a new position in Vista Outdoor in Q4 worth approximately $28,000. Macquarie Group Ltd. increased its stake in Vista Outdoor by 78.3% in the third quarter. Macquarie Group Ltd. now owns 888 shares of the company worth $36,000 after purchasing an additional 390 shares in the last quarter. Huntington National Bank increased its stake in Vista Outdoor by 56.3% in the fourth quarter. Huntington National Bank now owns 833 shares of the company worth $38,000 after buying 300 more shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its stake in Vista Outdoor by 73.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,269 shares of the company worth $56,000 after purchasing an additional 537 shares in the last quarter. 82.04% of the shares are currently held by hedge funds and other institutional investors.
About Vista Outdoor (Get a rating)
Vista Outdoor Inc designs, manufactures and markets consumer products to the outdoor sports and recreation markets in the United States and around the world. The Company operates through two segments, Shooting Sports and Outdoor Products. The Shooting Sports segment offers ammunition products, including centerfire ammunition, rimfire ammunition, cartridge ammunition and reloading components; and hunting and shooting accessories including high performance hunting arrows, game calls, hunting blinds, game cameras, decoys, reloading equipment, clay targets, maintenance products premium firearms, holsters, service gear, bags, packs, binoculars, riflescopes and spotting scopes.
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