Zacks Investment Research downgraded shares of Vista Outdoor (NYSE:VSTO) from a hold rating to a sell rating in a research note issued to investors on Saturday.
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. “
VSTO has been the subject of several other research reports. ValuEngine cut shares of Vista Outdoor from a buy rating to a hold rating in a research report on Sunday, December 31st. DA Davidson boosted their price objective on shares of Vista Outdoor to $17.00 and gave the stock a neutral rating in a research report on Friday, February 9th. Finally, Roth Capital set a $17.00 price objective on shares of Vista Outdoor and gave the stock a hold rating in a research report on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $19.79.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.06. Vista Outdoor had a negative net margin of 1.88% and a positive return on equity of 3.45%. The firm had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $566.98 million. During the same quarter in the previous year, the company posted $0.62 EPS. Vista Outdoor’s revenue was down 11.1% on a year-over-year basis. sell-side analysts forecast that Vista Outdoor will post 0.57 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of VSTO. Hosking Partners LLP bought a new stake in shares of Vista Outdoor during the 4th quarter valued at $9,791,000. Bogle Investment Management L P DE bought a new stake in shares of Vista Outdoor during the 4th quarter valued at $9,502,000. Spark Investment Management LLC bought a new stake in shares of Vista Outdoor during the 4th quarter valued at $6,789,000. BlackRock Inc. raised its position in shares of Vista Outdoor by 4.2% during the 4th quarter. BlackRock Inc. now owns 7,297,642 shares of the company’s stock valued at $106,328,000 after acquiring an additional 291,411 shares during the last quarter. Finally, Mountain Lake Investment Management LLC bought a new stake in shares of Vista Outdoor during the 4th quarter valued at $2,695,000.
About Vista Outdoor
Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets worldwide. The company's Shooting Sports segment designs, develops, produces, and sources ammunition and firearms, such as centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components for the hunting and sport shooting enthusiast markets, local law enforcement, the United States government, and international markets under the American Eagle, Blazer, CCI, Estate Cartridge, Federal Premium, Force on Force, Fusion, Independence, Savage Arms, Savage Range Systems, Speer, and Stevens brands.
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