Zacks Investment Research Lowers Vista Outdoor (VSTO) to Sell

Zacks Investment Research lowered shares of Vista Outdoor (NYSE:VSTO) from a hold rating to a sell rating in a research note released on Saturday morning.

According to Zacks, “Vista Outdoor Inc. develops, manufacture and distribute optics, accessories and eyewear. The Company operates in two segments: Shooting Sports and Outdoor Products. Its product consist of binoculars, laser rangefinders, riflescopes, trail cameras, archery accessories, blinds, decoys, game calls, gun care products, mounts, powder, reloading equipment, targets, target systems, safety and protective eyewear, fashion and sports eyewear. The company’s product portfolio include Bushnell(R), Primos(R), Bollè(R), Serengeti(R), Cèbè, RCBS(R), Hoppe’s(R), Uncle Mike’s(R), Gold Tip(R), Weaver(R) and Tasco(R). Vista Outdoor Inc. is headquartered in Utah. “

Other research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Vista Outdoor from a sell rating to a hold rating in a report on Friday, September 15th. ValuEngine downgraded shares of Vista Outdoor from a buy rating to a hold rating in a report on Sunday, December 31st. KeyCorp reiterated a hold rating on shares of Vista Outdoor in a report on Friday, November 10th. Jefferies Group reiterated a buy rating on shares of Vista Outdoor in a report on Wednesday, October 11th. Finally, Forward View downgraded shares of Vista Outdoor from a hold rating to a sell rating and set a $12.00 price target for the company. in a report on Monday, November 13th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $23.40.

Vista Outdoor (VSTO) opened at $14.34 on Friday. The stock has a market cap of $822.02 and a price-to-earnings ratio of -1.75. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.63 and a current ratio of 3.03. Vista Outdoor has a 1-year low of $12.35 and a 1-year high of $38.26.

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, topping the consensus estimate of $0.27 by $0.07. The company had revenue of $587.00 million during 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 for the quarter was down 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. research analysts predict that Vista Outdoor will post 0.57 EPS for the current fiscal year.

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

A number of institutional investors and hedge funds have recently modified their holdings of VSTO. Russell Investments Group Ltd. boosted its position in Vista Outdoor by 12.5% during the second quarter. Russell Investments Group Ltd. now owns 41,705 shares of the company’s stock valued at $940,000 after acquiring an additional 4,648 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Vista Outdoor by 119.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 411,863 shares of the company’s stock valued at $9,272,000 after acquiring an additional 224,196 shares during the last quarter. Rhumbline Advisers boosted its position in Vista Outdoor by 2.8% during the second quarter. Rhumbline Advisers now owns 107,525 shares of the company’s stock valued at $2,420,000 after acquiring an additional 2,958 shares during the last quarter. Legal & General Group Plc boosted its position in Vista Outdoor by 9.9% during the second quarter. Legal & General Group Plc now owns 127,533 shares of the company’s stock valued at $2,869,000 after acquiring an additional 11,484 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Vista Outdoor by 0.6% during the second quarter. Prudential Financial Inc. now owns 96,198 shares of the company’s stock valued at $2,165,000 after acquiring an additional 564 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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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.

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