Zacks Investment Research cut shares of Vista Outdoor (NYSE:VSTO) from a hold rating to a sell rating in a report released 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. “

A number of other analysts have also recently commented on VSTO. ValuEngine cut shares of Vista Outdoor from a buy rating to a hold rating in a research report on Sunday, December 31st. Roth Capital restated a hold rating and issued a $14.00 price objective on shares of Vista Outdoor in a research report on Monday, February 5th. Finally, DA Davidson upped their price objective on shares of Vista Outdoor to $17.00 and gave the company a neutral rating in a research report on Friday, February 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Vista Outdoor currently has a consensus rating of Hold and a consensus target price of $19.79.

VSTO opened at $17.21 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.13 and a quick ratio of 1.97. Vista Outdoor has a 12 month low of $12.35 and a 12 month high of $25.07. The firm has a market capitalization of $986.80, a P/E ratio of 23.26, a PEG ratio of 1.90 and a beta of -0.40.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.13 EPS for the quarter, beating the Zacks’ 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 business had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $566.98 million. During the same quarter in the prior year, the company earned $0.62 EPS. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. sell-side analysts forecast that Vista Outdoor will post 0.57 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in VSTO. Hosking Partners LLP acquired a new position in Vista Outdoor in the 4th quarter worth $9,791,000. Bogle Investment Management L P DE acquired a new position in Vista Outdoor in the 4th quarter worth $9,502,000. Spark Investment Management LLC acquired a new position in Vista Outdoor in the 4th quarter worth $6,789,000. BlackRock Inc. boosted its stake in Vista Outdoor by 4.2% in the 4th quarter. BlackRock Inc. now owns 7,297,642 shares of the company’s stock worth $106,328,000 after purchasing an additional 291,411 shares during the period. Finally, Mountain Lake Investment Management LLC acquired a new position in Vista Outdoor in the 4th quarter worth $2,695,000.

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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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