Vista Outdoor (NYSE:VSTO) Lowered to Sell at Zacks Investment Research

Vista Outdoor (NYSE:VSTOGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

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. “

A number of other analysts have also recently commented on VSTO. StockNews.com began coverage on Vista Outdoor in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Monness Crespi & Hardt restated a “buy” rating and issued a $65.00 price target on shares of Vista Outdoor in a research note on Friday, March 18th. Finally, Roth Capital dropped their price objective on Vista Outdoor from $61.00 to $57.00 in a research report on Friday, February 4th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Vista Outdoor has a consensus rating of “Buy” and a consensus target price of $58.11.

Shares of VSTO traded up $0.69 during mid-day trading on Wednesday, reaching $37.50. The company had a trading volume of 7,842 shares, compared to its average volume of 874,565. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.21 and a current ratio of 2.64. The firm has a 50-day moving average price of $36.23 and a 200 day moving average price of $40.28. Vista Outdoor has a 52 week low of $30.81 and a 52 week high of $52.69. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 5.22 and a beta of 0.56.

Vista Outdoor (NYSE:VSTOGet Rating) last issued its quarterly earnings results on Thursday, February 3rd. The company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.22. Vista Outdoor had a return on equity of 49.40% and a net margin of 15.09%. The firm had revenue of $794.70 million for the quarter, compared to analysts’ expectations of $746.79 million. During the same period in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 38.3% compared to the same quarter last year. As a group, research analysts forecast that Vista Outdoor will post 8.06 earnings per share for the current fiscal year.

In other Vista Outdoor news, insider Jason R. Vanderbrink sold 3,104 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $35.79, for a total value of $111,092.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.78% of the company’s stock.

Several hedge funds have recently bought and sold shares of VSTO. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Vista Outdoor during the 3rd quarter valued at about $27,000. Richwood Investment Advisors LLC purchased a new position in Vista Outdoor in the 4th quarter worth approximately $28,000. Macquarie Group Ltd. lifted its holdings in Vista Outdoor by 78.3% in the 3rd quarter. Macquarie Group Ltd. now owns 888 shares of the company’s stock worth $36,000 after purchasing an additional 390 shares in the last quarter. Huntington National Bank lifted its holdings in Vista Outdoor by 56.3% in the 4th quarter. Huntington National Bank now owns 833 shares of the company’s stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its holdings in Vista Outdoor by 73.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,269 shares of the company’s stock worth $56,000 after purchasing an additional 537 shares in the last quarter. 82.04% of the stock is currently owned by hedge funds and other institutional investors.

About Vista Outdoor (Get Rating)

Vista Outdoor Inc designs, manufactures, and markets consumer products in the outdoor sports and recreation markets in the United States and internationally. The company operates through two segments, Shooting Sports and Outdoor Products. The Shooting Sports segment offers ammunition products, including centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components; and hunting and shooting accessories comprising high-performance hunting arrows, game calls, hunting blinds, game cameras, decoys, reloading equipment, clay targets, premium gun care products, holsters, duty gear, bags, packs, binoculars, riflescopes, and telescopes.

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