Vista Outdoor Inc. (VSTO) Stock Rating Lowered by DA Davidson
Vista Outdoor Inc. (NYSE:VSTO) was downgraded by stock analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday.
Several other brokerages have also recently issued reports on VSTO. BidaskClub upgraded shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Vista Outdoor from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Thursday, October 12th. Roth Capital set a $21.00 price target on shares of Vista Outdoor and gave the company a “hold” rating in a research report on Friday, October 6th. Jefferies Group LLC restated a “buy” rating and issued a $28.00 price target on shares of Vista Outdoor in a research report on Friday, July 14th. Finally, Cowen and Company restated a “hold” rating and issued a $26.00 price target on shares of Vista Outdoor in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.65.
Vista Outdoor (NYSE:VSTO) opened at $13.28 on Thursday. The company has a market cap of $766.71 and a P/E ratio of 11.31. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.40 and a quick ratio of 1.72. Vista Outdoor has a 52 week low of $12.35 and a 52 week high of $41.29.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. Vista Outdoor had a negative net margin of 11.55% and a positive return on equity of 7.02%. The firm had revenue of $587.00 million during the quarter, compared to analysts’ expectations of $588.85 million. During the same period in the prior year, the company posted $0.74 EPS. The company’s revenue was down 14.2% on a year-over-year basis. equities analysts expect that Vista Outdoor will post 1.22 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Vista Outdoor during the second quarter worth $113,000. Sphera Funds Management LTD. acquired a new stake in shares of Vista Outdoor during the second quarter worth $135,000. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of Vista Outdoor during the second quarter worth $500,000. Profund Advisors LLC increased its position in shares of Vista Outdoor by 7.0% during the second quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock worth $240,000 after buying an additional 698 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Vista Outdoor by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 11,263 shares of the company’s stock worth $253,000 after buying an additional 4,963 shares during the period. Institutional investors own 99.97% of the company’s stock.
Vista Outdoor Company Profile
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.
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