Vista Outdoor (NYSE:VSTO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

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 commented on the company. Cowen raised their price target on Vista Outdoor from $33.00 to $36.00 in a research note on Thursday, March 25th. B. Riley raised their price target on Vista Outdoor from $39.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, February 5th. KeyCorp raised their price target on Vista Outdoor from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, February 5th. Aegis increased their price objective on Vista Outdoor from $27.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, February 4th. Finally, Lake Street Capital increased their price objective on Vista Outdoor from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, February 5th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.89.

NYSE:VSTO opened at $32.33 on Thursday. The firm has a market cap of $1.89 billion, a PE ratio of -18.91 and a beta of 0.40. Vista Outdoor has a fifty-two week low of $6.52 and a fifty-two week high of $38.36. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.45 and a current ratio of 2.68. The business has a 50 day moving average price of $32.26 and a 200-day moving average price of $25.90.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, February 4th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.37. Vista Outdoor had a positive return on equity of 9.19% and a negative net margin of 5.52%. The company had revenue of $574.70 million during the quarter, compared to analyst estimates of $525.94 million. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was up 35.3% on a year-over-year basis. Research analysts predict that Vista Outdoor will post 1.97 EPS for the current year.

In other news, insider Jason R. Vanderbrink sold 15,498 shares of the firm’s stock in a transaction on Tuesday, February 9th. The stock was sold at an average price of $33.80, for a total transaction of $523,832.40. Following the completion of the transaction, the insider now directly owns 91,657 shares in the company, valued at $3,098,006.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of VSTO. Brown Advisory Inc. bought a new position in shares of Vista Outdoor during the fourth quarter valued at $31,861,000. Morgan Stanley increased its holdings in Vista Outdoor by 487.2% in the 4th quarter. Morgan Stanley now owns 976,548 shares of the company’s stock worth $23,203,000 after buying an additional 810,231 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Vista Outdoor in the 4th quarter worth about $12,474,000. BlackRock Inc. increased its holdings in Vista Outdoor by 4.4% in the 4th quarter. BlackRock Inc. now owns 8,838,185 shares of the company’s stock worth $209,995,000 after buying an additional 376,158 shares in the last quarter. Finally, Monarch Partners Asset Management LLC bought a new stake in Vista Outdoor in the 4th quarter worth about $5,445,000. Hedge funds and other institutional investors own 89.59% of the company’s stock.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets various consumer products in the outdoor sports and recreation markets in the United States and internationally. It has a portfolio of brands that provides consumers with a range of products for individual outdoor recreational pursuits. The company operates through two segments, Shooting Sports and Outdoor Products.

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