DA Davidson downgraded shares of Vista Outdoor Inc. (NYSE:VSTO) from a buy rating to a neutral rating in a research note issued to investors on Thursday morning.

Other equities analysts also recently issued reports about the stock. BidaskClub upgraded shares of Vista Outdoor from a hold rating to a buy rating in a report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Vista Outdoor from a hold rating to a buy rating and set a $26.00 price target on the stock in a report on Tuesday, August 15th. Jefferies Group LLC reiterated a buy rating and set a $28.00 price target on shares of Vista Outdoor in a report on Friday, July 14th. Aegis reiterated a hold rating and set a $26.00 price target on shares of Vista Outdoor in a report on Monday, August 21st. Finally, Forward View reiterated a hold rating and set a $23.00 price target on shares of Vista Outdoor in a report on Sunday, August 20th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $23.40.

Shares of Vista Outdoor (NYSE VSTO) traded up $0.03 during trading hours on Thursday, reaching $13.28. 3,279,600 shares of the company traded hands, compared to its average volume of 1,312,995. The company has a market cap of $791.82 and a P/E ratio of 10.80. Vista Outdoor has a one year low of $12.35 and a one year high of $41.29. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.03 and a quick ratio of 1.63.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.27 by $0.07. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $588.85 million. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. The firm’s revenue was down 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 EPS. analysts predict that Vista Outdoor will post 0.55 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. FMR LLC lifted its position in Vista Outdoor by 70.0% during the second quarter. FMR LLC now owns 6,894,441 shares of the company’s stock valued at $155,194,000 after acquiring an additional 2,838,686 shares during the last quarter. South Dakota Investment Council purchased a new stake in Vista Outdoor during the second quarter valued at approximately $1,486,000. Piedmont Investment Advisors LLC purchased a new stake in Vista Outdoor during the second quarter valued at approximately $278,000. BlackRock Inc. lifted its position in Vista Outdoor by 16,839.6% during the first quarter. BlackRock Inc. now owns 5,667,641 shares of the company’s stock valued at $116,698,000 after acquiring an additional 5,634,183 shares during the last quarter. Finally, Fred Alger Management Inc. purchased a new stake in Vista Outdoor during the second quarter valued at approximately $1,274,000. 99.97% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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