Vista Outdoor (NYSE:VSTO) Stock Rating Lowered by Roth Capital

Vista Outdoor (NYSE:VSTO - Get Free Report) was downgraded by investment analysts at Roth Capital from a "strong-buy" rating to a "hold" rating in a research report issued on Thursday, Zacks.com reports.

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A number of other equities analysts have also weighed in on the stock. B. Riley lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 target price for the company. in a research report on Wednesday, August 7th. StockNews.com assumed coverage on shares of Vista Outdoor in a research report on Friday. They set a "buy" rating for the company. Lake Street Capital increased their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a "hold" rating in a research report on Monday, July 15th. Aegis upgraded shares of Vista Outdoor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 14th. Finally, Roth Mkm lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $42.00 target price for the company. in a research report on Thursday. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $41.20.

Check Out Our Latest Analysis on VSTO

Vista Outdoor Stock Performance

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NYSE VSTO opened at $39.43 on Thursday. Vista Outdoor has a 52-week low of $23.33 and a 52-week high of $41.11. The company has a 50-day simple moving average of $38.92 and a 200 day simple moving average of $35.90. 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 company has a market capitalization of $2.30 billion, a PE ratio of -358.45 and a beta of 0.81.

Vista Outdoor (NYSE:VSTO - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. The business had revenue of $644.18 million during the quarter, compared to the consensus estimate of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The firm's quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 earnings per share. On average, research analysts predict that Vista Outdoor will post 3.98 EPS for the current year.

Hedge Funds Weigh In On Vista Outdoor

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A number of large investors have recently modified their holdings of VSTO. Blue Trust Inc. bought a new position in shares of Vista Outdoor in the second quarter valued at approximately $36,000. Innealta Capital LLC bought 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 in the second quarter valued at approximately $91,000. Priebe Wealth Holdings LLC purchased a new stake in Vista Outdoor in the first quarter valued at approximately $203,000. Finally, Purus Wealth Management LLC purchased a new stake in Vista Outdoor in the first quarter valued at approximately $204,000. 90.51% of the stock is currently owned by institutional investors.

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.

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