Vista Outdoor Inc. (NYSE:VSTO) Stock Rating Lowered by Zacks Investment Research

Vista Outdoor Inc. (NYSE:VSTO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, October 17th.

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 research analysts have also commented on the stock. KeyCorp started coverage on shares of Vista Outdoor in a research report on Wednesday, August 30th. They set an “overweight” rating for the company. Cowen and Company restated a “hold” rating and set a $26.00 price target on shares of Vista Outdoor in a research report on Wednesday, October 4th. Jefferies Group LLC restated a “buy” rating and set a $28.00 price target on shares of Vista Outdoor in a research report on Friday, July 14th. Roth Capital set a $21.00 price target on shares of Vista Outdoor and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, BidaskClub downgraded shares of Vista Outdoor from a “hold” rating to a “sell” rating in a report on Saturday, September 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Vista Outdoor currently has a consensus rating of “Hold” and a consensus price target of $28.05.

Shares of Vista Outdoor (NYSE:VSTO) opened at 21.61 on Tuesday. Vista Outdoor has a 1-year low of $19.66 and a 1-year high of $41.29. The firm’s 50-day moving average price is $22.08 and its 200 day moving average price is $22.08. The company’s market capitalization is $1.23 billion.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. The firm had revenue of $569.00 million during the quarter, compared to analyst estimates of $552.49 million. Vista Outdoor had a negative net margin of 11.55% and a positive return on equity of 7.02%. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 EPS. Equities analysts predict that Vista Outdoor will post $1.24 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of VSTO. BlackRock Inc. lifted its stake in Vista Outdoor by 23.5% in the second quarter. BlackRock Inc. now owns 6,998,726 shares of the company’s stock worth $157,542,000 after purchasing an additional 1,331,085 shares during the last quarter. FMR LLC lifted its stake in Vista Outdoor by 70.0% in the second quarter. FMR LLC now owns 6,894,441 shares of the company’s stock worth $155,194,000 after purchasing an additional 2,838,686 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Vista Outdoor by 18.2% in the second quarter. First Eagle Investment Management LLC now owns 5,523,517 shares of the company’s stock worth $124,334,000 after purchasing an additional 852,195 shares during the last quarter. Vanguard Group Inc. lifted its stake in Vista Outdoor by 4.8% in the second quarter. Vanguard Group Inc. now owns 5,346,858 shares of the company’s stock worth $120,358,000 after purchasing an additional 242,701 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Vista Outdoor by 41.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,563,879 shares of the company’s stock worth $80,224,000 after purchasing an additional 1,041,884 shares during the last quarter.

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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