Vista Outdoor (NYSE:VSTO) Stock Rating Lowered by Roth Mkm

Roth Mkm cut shares of Vista Outdoor (NYSE:VSTO) from a buy rating to a neutral rating in a research report released on Thursday, Marketbeat.com reports. Roth Mkm currently has $42.00 price objective on the stock.

Several other research firms have also weighed in on VSTO. StockNews.com started coverage on Vista Outdoor in a research report on Thursday, September 12th. They set a buy rating on the stock. Lake Street Capital boosted their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a hold rating in a report on Monday, July 15th. B. Riley cut shares of Vista Outdoor from a buy rating to a neutral rating and set a $43.00 price target for the company. in a research note on Wednesday, August 7th. Finally, Aegis raised shares of Vista Outdoor from a hold rating to a strong-buy rating in a research report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Vista Outdoor presently has a consensus rating of Moderate Buy and a consensus price target of $41.20.

Vista Outdoor Price Performance

Shares of VSTO opened at $39.43 on Thursday. The company has a 50 day moving average of $38.92 and a 200-day moving average of $35.90. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $2.30 billion, a P/E ratio of -358.45 and a beta of 0.81. Vista Outdoor has a twelve month low of $23.33 and a twelve month high of $41.11.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $644.18 million during the quarter, compared to the consensus estimate of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The company’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 EPS. As a group, equities research analysts forecast that Vista Outdoor will post 3.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Vista Outdoor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSTO. Blue Trust Inc. acquired a new stake in shares of Vista Outdoor during the 2nd quarter worth about $36,000. Innealta Capital LLC bought a new position in Vista Outdoor in the 2nd quarter valued at about $76,000. Headlands Technologies LLC acquired a new stake in Vista Outdoor during the second quarter worth approximately $91,000. Priebe Wealth Holdings LLC bought a new stake in shares of Vista Outdoor during the first quarter worth approximately $203,000. Finally, Purus Wealth Management LLC acquired a new position in shares of Vista Outdoor in the first quarter valued at approximately $204,000. 90.51% of the stock is owned by institutional investors.

Vista Outdoor Company Profile

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.