BidaskClub lowered shares of Vista Outdoor Inc. (NYSE:VSTO) from a sell rating to a strong sell rating in a research note issued to investors on Thursday morning.

Several other research firms have also recently issued reports on VSTO. Zacks Investment Research upgraded Vista Outdoor from a hold rating to a buy rating and set a $26.00 price target on the stock in a report on Tuesday, August 15th. Forward View set a $23.00 price target on Vista Outdoor and gave the company a hold rating in a report on Sunday, August 13th. Aegis reiterated a hold rating and issued a $26.00 price target on shares of Vista Outdoor in a report on Monday, August 21st. Cowen and Company reiterated a hold rating and issued a $26.00 price target on shares of Vista Outdoor in a report on Wednesday, October 4th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $28.00 price target on shares of Vista Outdoor in a report on Friday, July 14th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Vista Outdoor currently has a consensus rating of Hold and a consensus price target of $24.55.

Shares of Vista Outdoor (NYSE:VSTO) traded up $0.03 during mid-day trading on Thursday, hitting $13.28. The stock had a trading volume of 3,279,600 shares, compared to its average volume of 1,312,995. The company has a quick ratio of 1.63, a current ratio of 3.03 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $761.26, a PE ratio of 10.80, a PEG ratio of 1.51 and a beta of -0.12. Vista Outdoor has a 12 month low of $12.35 and a 12 month high of $41.29.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, November 9th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. The company had revenue of $587.00 million for the quarter, compared to analysts’ expectations of $588.85 million. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. The business’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. equities research analysts forecast that Vista Outdoor will post 0.55 earnings per share for the current year.

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Several large investors have recently bought and sold shares of the stock. OxFORD Asset Management LLP grew its stake in Vista Outdoor by 29.0% in the third quarter. OxFORD Asset Management LLP now owns 652,124 shares of the company’s stock valued at $15,012,000 after purchasing an additional 146,649 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Vista Outdoor by 16.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,164,649 shares of the company’s stock worth $95,537,000 after acquiring an additional 600,770 shares during the period. Cutler Capital Management LLC bought a new position in shares of Vista Outdoor during the 3rd quarter worth approximately $677,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Vista Outdoor by 20.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 497,561 shares of the company’s stock worth $11,415,000 after acquiring an additional 85,698 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Vista Outdoor by 16.0% during the 3rd quarter. Wells Fargo & Company MN now owns 737,609 shares of the company’s stock worth $16,920,000 after purchasing an additional 101,615 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

About Vista Outdoor

Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.

Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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