Vista Outdoor (NYSE:VSTO) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Monday, February 4th.
Separately, Zacks Investment Research raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a research report on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Vista Outdoor has an average rating of “Hold” and a consensus target price of $15.88.
Shares of NYSE VSTO traded up $0.59 on Monday, hitting $9.50. The company’s stock had a trading volume of 726,114 shares, compared to its average volume of 659,162. Vista Outdoor has a 12-month low of $8.55 and a 12-month high of $19.41. The company has a market capitalization of $530.99 million, a PE ratio of 19.00 and a beta of 0.11. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.95 and a quick ratio of 1.78.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, February 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. Vista Outdoor had a negative net margin of 29.12% and a negative return on equity of 0.44%. The company had revenue of $467.80 million for the quarter, compared to the consensus estimate of $505.40 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was down 19.5% compared to the same quarter last year. On average, analysts forecast that Vista Outdoor will post 0.26 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of Vista Outdoor by 1,179.6% in the third quarter. Renaissance Technologies LLC now owns 319,900 shares of the company’s stock valued at $5,723,000 after purchasing an additional 294,900 shares during the period. Millennium Management LLC bought a new position in Vista Outdoor during the 2nd quarter valued at $2,544,000. MetLife Investment Advisors LLC boosted its stake in Vista Outdoor by 55.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 42,109 shares of the company’s stock valued at $753,000 after acquiring an additional 15,068 shares during the last quarter. IndexIQ Advisors LLC boosted its stake in Vista Outdoor by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 139,292 shares of the company’s stock valued at $2,492,000 after acquiring an additional 5,260 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Vista Outdoor by 24.9% during the 3rd quarter. US Bancorp DE now owns 24,680 shares of the company’s stock valued at $442,000 after acquiring an additional 4,920 shares during the last quarter. Institutional investors and hedge funds own 97.44% of the company’s stock.
About Vista Outdoor
Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.
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