Vista Outdoor (NYSE:VSTO) Cut to Neutral at Roth Mkm

Roth Mkm lowered shares of Vista Outdoor (NYSE:VSTO) from a buy rating to a neutral rating in a report issued on Thursday, MarketBeat reports. The brokerage currently has $42.00 target price on the stock.

Other equities analysts have also recently issued research reports about the company. Lake Street Capital upped their price target on Vista Outdoor from $37.00 to $40.00 and gave the stock a hold rating in a report on Monday, July 15th. Aegis raised shares of Vista Outdoor from a hold rating to a strong-buy rating in a report on Wednesday, August 14th. StockNews.com initiated coverage on shares of Vista Outdoor in a report on Thursday, September 12th. They issued a buy rating on the stock. Finally, B. Riley downgraded Vista Outdoor from a buy rating to a neutral rating and set a $43.00 target price for the company. in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $41.20.

Vista Outdoor Stock Up 0.1 %

Shares of VSTO opened at $39.45 on Thursday. The firm has a market cap of $2.30 billion, a PE ratio of -358.64 and a beta of 0.81. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average is $38.99 and its two-hundred day moving average is $36.00. Vista Outdoor has a fifty-two week low of $23.33 and a fifty-two week high of $41.11.

Vista Outdoor (NYSE:VSTO) last issued its earnings results on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The business had revenue of $644.18 million during the quarter, compared to analysts’ expectations of $664.05 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 EPS. Analysts forecast that Vista Outdoor will post 3.98 earnings per share for the current year.

Institutional Trading of Vista Outdoor

Several large investors have recently added to or reduced their stakes in VSTO. Blue Trust Inc. bought a new stake in Vista Outdoor during the second quarter worth approximately $36,000. Innealta Capital LLC acquired a new stake in Vista Outdoor during the 2nd quarter valued at $76,000. Headlands Technologies LLC purchased a new stake in Vista Outdoor in the 2nd quarter worth about $91,000. Priebe Wealth Holdings LLC purchased a new stake in shares of Vista Outdoor in the first quarter worth approximately $203,000. Finally, Purus Wealth Management LLC acquired a new stake in shares of Vista Outdoor during the first quarter worth approximately $204,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.