Zacks Investment Research cut shares of Vista Outdoor (NYSE:VSTO) from a hold rating to a sell rating in a research note published on Wednesday.

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 topic of several other research reports. BidaskClub downgraded shares of Vista Outdoor from a hold rating to a sell rating in a research note on Friday, November 3rd. Roth Capital set a $21.00 price objective on shares of Vista Outdoor and gave the stock a hold rating in a research note on Friday, October 6th. DA Davidson downgraded shares of Vista Outdoor from a buy rating to a neutral rating in a research note on Thursday, November 9th. Cowen restated a hold rating and issued a $26.00 price objective on shares of Vista Outdoor in a research note on Wednesday, October 4th. Finally, Forward View downgraded shares of Vista Outdoor from a hold rating to a sell rating and set a $12.00 price target on the stock. in a research note on Monday, November 13th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Vista Outdoor has a consensus rating of Hold and an average target price of $23.40.

Shares of Vista Outdoor (NYSE VSTO) opened at $14.77 on Wednesday. The stock has a market cap of $841.51, a price-to-earnings ratio of 11.94, a PEG ratio of 2.56 and a beta of -0.36. 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 has a 52 week low of $12.35 and a 52 week high of $39.49.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.07. The business 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%. Vista Outdoor’s quarterly revenue was down 14.2% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. research analysts expect that Vista Outdoor will post 0.57 EPS for the current year.

In other Vista Outdoor news, Director Tig H. Krekel purchased 3,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were purchased at an average price of $13.33 per share, for a total transaction of $39,990.00. Following the completion of the purchase, the director now directly owns 7,684 shares of the company’s stock, valued at $102,427.72. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark A. Gottfredson bought 5,000 shares of Vista Outdoor stock in a transaction dated Tuesday, December 5th. The stock was purchased at an average price of $14.60 per share, for a total transaction of $73,000.00. Following the purchase, the director now directly owns 21,716 shares in the company, valued at approximately $317,053.60. The disclosure for this purchase can be found here. Insiders have acquired 16,000 shares of company stock worth $231,165 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Several large investors have recently modified their holdings of the company. Arizona State Retirement System boosted its stake in shares of Vista Outdoor by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 29,800 shares of the company’s stock valued at $671,000 after purchasing an additional 100 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of Vista Outdoor by 1.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,200 shares of the company’s stock valued at $296,000 after purchasing an additional 243 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Vista Outdoor by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 41,655 shares of the company’s stock valued at $938,000 after purchasing an additional 348 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Vista Outdoor by 0.6% in the 2nd quarter. Prudential Financial Inc. now owns 96,198 shares of the company’s stock valued at $2,165,000 after purchasing an additional 564 shares in the last quarter. Finally, Profund Advisors LLC boosted its stake in shares of Vista Outdoor by 7.0% in the 2nd quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock valued at $240,000 after purchasing an additional 698 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

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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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