StockNews.com lowered shares of Vista Outdoor (NYSE:VSTO – Get Rating) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.
Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group assumed coverage on shares of Vista Outdoor in a research report on Tuesday. They set a hold rating and a $26.00 price target on the stock. Lake Street Capital cut their target price on shares of Vista Outdoor from $63.00 to $53.00 in a research note on Friday, July 29th. MKM Partners initiated coverage on shares of Vista Outdoor in a research note on Wednesday, July 13th. They issued a buy rating and a $54.00 price target on the stock. Roth Capital downgraded Vista Outdoor from a buy rating to a neutral rating and decreased their price objective for the company from $53.00 to $32.00 in a report on Tuesday, July 26th. Finally, KeyCorp downgraded Vista Outdoor to a sector weight rating in a report on Tuesday, July 19th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Vista Outdoor has a consensus rating of Moderate Buy and a consensus target price of $50.38.
Get
Vista Outdoor alerts:
Vista Outdoor Stock Down 6.7 %
VSTO stock opened at $26.29 on Tuesday. The firm has a 50 day moving average of $29.17 and a 200 day moving average of $33.08. The stock has a market capitalization of $1.49 billion, a PE ratio of 3.11 and a beta of 0.71. The company has a quick ratio of 1.24, a current ratio of 2.81 and a debt-to-equity ratio of 0.47. Vista Outdoor has a 52 week low of $25.68 and a 52 week high of $52.69.
Vista Outdoor (NYSE:VSTO – Get Rating) last posted its earnings results on Wednesday, July 27th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.39. The firm had revenue of $802.61 million during the quarter, compared to analyst estimates of $785.03 million. Vista Outdoor had a net
margin of 15.59% and a return on equity of 47.97%. Sell-side analysts forecast that Vista Outdoor will post 7.16 earnings per share for the current year.
Institutional Investors Weigh In On Vista Outdoor
A number of hedge funds and other institutional investors have recently bought and sold shares of VSTO. HighTower Advisors LLC increased its position in shares of Vista Outdoor by 10.7% in the fourth quarter. HighTower Advisors LLC now owns 11,776 shares of the company's stock valued at $542,000 after acquiring an additional 1,143 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Vista Outdoor by 17.4% during the fourth quarter. Teacher Retirement System of Texas now owns 11,032 shares of the company's stock worth $508,000 after acquiring an additional 1,632 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Vista Outdoor by 8.4% in the fourth quarter. JPMorgan Chase & Co. now owns 143,782 shares of the company's stock valued at $6,623,000 after buying an additional 11,123 shares during the period. Geode Capital Management LLC boosted its stake in shares of Vista Outdoor by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 1,065,897 shares of the company's stock valued at $49,105,000 after buying an additional 70,756 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in Vista Outdoor by 0.7% during the fourth quarter. Public Sector Pension Investment Board now owns 116,699 shares of the company's stock worth $5,376,000 after purchasing an additional 760 shares during the last quarter. 86.83% of the stock is owned by institutional investors and hedge funds.
Vista Outdoor Company Profile
(Get Rating)
Vista Outdoor Inc designs, manufactures, and markets consumer products in the outdoor sports and recreation markets in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories that serves hunters, recreational shooters, federal and local law enforcement agencies, and military.
See Also
- Get a free copy of the StockNews.com research report on Vista Outdoor (VSTO)
- 3 Airline Stocks Stuck in a Holding Pattern
- Roku Stock is Down but Not Out
- Is Ford Rolling To A Rebound After Its Q3 Warning
- If You're Hungry for Value, Take a Bite on Ruth's Hospitality Grp
- Has AMD stock stock fallen too far?
Receive News & Ratings for Vista Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vista Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.
