Vista Outdoor (NYSE:VSTO) Rating Lowered to Neutral at Roth Mkm

Vista Outdoor (NYSE:VSTO) was downgraded by investment analysts at Roth Mkm from a “buy” rating to a “neutral” rating in a research note issued on Thursday, MarketBeat.com reports. They currently have a $42.00 price objective on the stock. Roth Mkm’s price objective indicates a potential upside of 6.45% from the stock’s previous close.

Other analysts also recently issued reports about the stock. StockNews.com started coverage on shares of Vista Outdoor in a research report on Thursday, September 12th. They issued a “buy” rating for the company. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Lake Street Capital boosted their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, July 15th. Finally, B. Riley cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Vista Outdoor currently has an average rating of “Moderate Buy” and an average target price of $41.20.

Vista Outdoor Stock Performance

Shares of VSTO opened at $39.46 on Thursday. 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 -358.68 and a beta of 0.81. Vista Outdoor has a 52 week low of $23.33 and a 52 week high of $41.11. The company’s 50 day moving average price is $38.96 and its 200 day moving average price is $35.92.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Monday, August 5th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. The company 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 company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 earnings per share. Research analysts expect that Vista Outdoor will post 3.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Vista Outdoor

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Vista Outdoor by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock valued at $163,325,000 after purchasing an additional 54,189 shares during the last quarter. American Century Companies Inc. raised its stake in Vista Outdoor by 19.2% during the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after purchasing an additional 218,018 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Vista Outdoor by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 815,346 shares of the company’s stock valued at $24,110,000 after purchasing an additional 18,442 shares during the last quarter. Black Diamond Capital Management L.L.C. raised its stake in Vista Outdoor by 149.9% during the 4th quarter. Black Diamond Capital Management L.L.C. now owns 695,303 shares of the company’s stock valued at $20,560,000 after purchasing an additional 417,050 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Vista Outdoor by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock valued at $19,160,000 after purchasing an additional 5,945 shares during the last quarter. 90.51% of the stock is currently owned by institutional investors and hedge funds.

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.