ValuEngine downgraded shares of Vista Outdoor (NYSE:VSTO) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

Several other research analysts also recently issued reports on VSTO. BidaskClub raised shares of Vista Outdoor from a hold rating to a buy rating in a research report on Tuesday, September 26th. KeyCorp reissued a hold rating on shares of Vista Outdoor in a research report on Friday, November 10th. Forward View downgraded shares of Vista Outdoor from a hold rating to a sell rating and set a $12.00 price objective on the stock. in a research report on Monday, November 13th. Zacks Investment Research upgraded shares of Vista Outdoor from a strong sell rating to a hold rating in a research note on Friday, November 17th. Finally, Roth Capital set a $21.00 target price on shares of Vista Outdoor and gave the stock a hold rating in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $23.40.

Vista Outdoor (NYSE:VSTO) traded down $1.02 during midday trading on Friday, hitting $14.08. 1,430,300 shares of the company were exchanged, compared to its average volume of 1,096,750. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.03 and a quick ratio of 1.63. The stock has a market cap of $832.34 and a P/E ratio of -1.72. Vista Outdoor has a 1 year low of $12.35 and a 1 year high of $39.49.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, November 9th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. The firm had revenue of $587.00 million for the quarter, compared to the consensus estimate of $588.85 million. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. The company’s revenue was down 14.2% on a year-over-year basis. During the same period last year, the firm posted $0.74 EPS. equities analysts expect that Vista Outdoor will post 0.57 earnings per share for the current year.

In other Vista Outdoor news, Director Tig H. Krekel bought 3,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was purchased at an average cost of $13.33 per share, for a total transaction of $39,990.00. Following the acquisition, the director now owns 7,684 shares of the company’s stock, valued at approximately $102,427.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Gottfredson bought 5,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were acquired at an average price of $14.60 per share, with a total value of $73,000.00. Following the completion of the acquisition, the director now directly owns 21,716 shares in the company, valued at approximately $317,053.60. The disclosure for this purchase can be found here. Insiders purchased 16,000 shares of company stock valued at $231,165 in the last quarter. Company insiders own 1.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in Vista Outdoor by 12.5% in the second quarter. Russell Investments Group Ltd. now owns 41,705 shares of the company’s stock valued at $940,000 after purchasing an additional 4,648 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Vista Outdoor by 119.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 411,863 shares of the company’s stock valued at $9,272,000 after purchasing an additional 224,196 shares during the period. Arizona State Retirement System grew its holdings in Vista Outdoor by 0.3% in the second quarter. Arizona State Retirement System now owns 29,800 shares of the company’s stock valued at $671,000 after purchasing an additional 100 shares during the period. Rhumbline Advisers grew its holdings in Vista Outdoor by 2.8% in the second quarter. Rhumbline Advisers now owns 107,525 shares of the company’s stock valued at $2,420,000 after purchasing an additional 2,958 shares during the period. Finally, Legal & General Group Plc grew its holdings in Vista Outdoor by 9.9% in the second quarter. Legal & General Group Plc now owns 127,533 shares of the company’s stock valued at $2,869,000 after purchasing an additional 11,484 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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