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

Roth Capital downgraded shares of Vista Outdoor (NYSE:VSTOGet Rating) from a buy rating to a neutral rating in a research note released on Tuesday morning, MarketBeat reports. Roth Capital currently has $32.00 price objective on the stock, down from their previous price objective of $53.00.

A number of other equities research analysts have also weighed in on VSTO. B. Riley cut their target price on shares of Vista Outdoor from $78.00 to $51.00 and set a buy rating on the stock in a research note on Tuesday, June 21st. MKM Partners initiated coverage on shares of Vista Outdoor in a research note on Wednesday, July 13th. They set a buy rating and a $54.00 target price on the stock. KeyCorp lowered shares of Vista Outdoor to a sector weight rating in a research note on Tuesday, July 19th. Finally, StockNews.com initiated coverage on shares of Vista Outdoor in a research note on Thursday, March 31st. They set a buy rating on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $54.00.

Vista Outdoor Price Performance

Shares of Vista Outdoor stock opened at $28.81 on Tuesday. The firm has a market cap of $1.63 billion, a PE ratio of 3.60 and a beta of 0.69. Vista Outdoor has a 12-month low of $25.68 and a 12-month high of $52.69. The company has a quick ratio of 1.19, a current ratio of 2.82 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $32.20 and its two-hundred day simple moving average is $35.64.

Vista Outdoor (NYSE:VSTOGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.24. The firm had revenue of $809.00 million for the quarter, compared to analyst estimates of $760.87 million. Vista Outdoor had a net margin of 15.54% and a return on equity of 50.41%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.02 EPS. As a group, equities analysts expect that Vista Outdoor will post 7.37 EPS for the current year.

Insiders Place Their Bets

In other Vista Outdoor news, insider Jason R. Vanderbrink sold 10,832 shares of Vista Outdoor stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $36.87, for a total value of $399,375.84. Following the completion of the transaction, the insider now directly owns 69,540 shares of the company’s stock, valued at $2,563,939.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jason R. Vanderbrink sold 10,832 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $36.87, for a total transaction of $399,375.84. Following the completion of the transaction, the insider now directly owns 69,540 shares of the company’s stock, valued at $2,563,939.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dylan Scott Ramsey sold 8,422 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $37.77, for a total transaction of $318,098.94. Following the transaction, the vice president now directly owns 19,655 shares of the company’s stock, valued at $742,369.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 272,780 shares of company stock valued at $10,373,989. Insiders own 2.17% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VSTO. National Bank of Canada FI bought a new stake in Vista Outdoor during the fourth quarter valued at approximately $77,000. Counterpoint Mutual Funds LLC grew its position in Vista Outdoor by 262.8% during the first quarter. Counterpoint Mutual Funds LLC now owns 2,416 shares of the company’s stock valued at $86,000 after buying an additional 1,750 shares during the period. HHM Wealth Advisors LLC bought a new stake in Vista Outdoor during the fourth quarter valued at approximately $92,000. Point72 Hong Kong Ltd grew its position in Vista Outdoor by 1,313.0% during the first quarter. Point72 Hong Kong Ltd now owns 2,925 shares of the company’s stock valued at $104,000 after buying an additional 2,718 shares during the period. Finally, Islay Capital Management LLC bought a new stake in Vista Outdoor during the fourth quarter valued at approximately $128,000. 82.50% of the stock is 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, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories that serves hunters, recreational shooters, federal and local law enforcement agencies, and military.

Further Reading

Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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