Vista Outdoor (NYSE:VSTO) Cut to Hold at Aegis

Aegis downgraded shares of Vista Outdoor (NYSE:VSTO) from a strong-buy rating to a hold rating in a research report released on Friday morning,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. StockNews.com assumed coverage on Vista Outdoor in a report on Friday. They set a “buy” rating for the company. Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. B. Riley downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a research note on Wednesday, August 7th. Finally, Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research note on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Stock Performance

NYSE:VSTO opened at $44.10 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. Vista Outdoor has a fifty-two week low of $25.57 and a fifty-two week high of $44.48. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -245.00 and a beta of 0.79. The stock has a fifty day moving average price of $42.33 and a 200-day moving average price of $38.88.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The business had revenue of $665.92 million during the quarter, compared to analysts’ expectations of $666.72 million. During the same quarter in the prior year, the business posted $0.96 earnings per share. Vista Outdoor’s revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that Vista Outdoor will post 4 EPS for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

Several hedge funds have recently added to or reduced their stakes in VSTO. Vanguard Group Inc. raised its stake in shares of Vista Outdoor by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock valued at $163,325,000 after acquiring an additional 54,189 shares during the last quarter. State Street Corp increased its holdings in Vista Outdoor by 1.6% in the third quarter. State Street Corp now owns 2,180,898 shares of the company’s stock valued at $85,448,000 after purchasing an additional 35,003 shares during the period. Geode Capital Management LLC raised its position in Vista Outdoor by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,355,917 shares of the company’s stock worth $53,135,000 after purchasing an additional 17,621 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Vista Outdoor by 19.2% in the second quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock worth $50,932,000 after acquiring an additional 218,018 shares during the period. Finally, Westchester Capital Management LLC bought a new stake in shares of Vista Outdoor in the 3rd quarter valued at $34,842,000. 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.