Aegis Downgrades Vista Outdoor (NYSE:VSTO) to Hold

Aegis downgraded shares of Vista Outdoor (NYSE:VSTO - Free Report) from a strong-buy rating to a hold rating in a research note released on Friday morning,Zacks.com reports.

Other analysts also recently issued reports about the stock. StockNews.com began coverage on shares of Vista Outdoor in a research report on Friday. They issued a "buy" rating on the stock. Monness Crespi & Hardt lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating in a report on Monday, October 7th. Roth Capital cut Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 19th. B. Riley lowered Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 price objective for the company. in a research report on Wednesday, August 7th. Finally, Roth Mkm downgraded Vista Outdoor from a "buy" rating to a "neutral" rating and set a $42.00 target price on the stock. in a report on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Vista Outdoor presently has an average rating of "Hold" and an average target price of $41.20.

Vista Outdoor Trading Up 0.3 %

Shares of Vista Outdoor stock traded up $0.12 during trading on Friday, reaching $44.23. 446,835 shares of the stock were exchanged, compared to its average volume of 598,879. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -245.69 and a beta of 0.79. Vista Outdoor has a 1 year low of $25.57 and a 1 year high of $44.48. The stock's fifty day moving average is $42.44 and its 200 day moving average is $38.94.

Vista Outdoor (NYSE:VSTO - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.92 by $0.11. The business had revenue of $665.92 million during the quarter, compared to analyst estimates of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. Vista Outdoor's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.96 earnings per share. As a group, equities research analysts expect that Vista Outdoor will post 4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its holdings in shares of Vista Outdoor by 10.3% in the first quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company's stock worth $3,003,000 after acquiring an additional 8,521 shares during the period. ProShare Advisors LLC lifted its stake in shares of Vista Outdoor by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 11,658 shares of the company's stock worth $382,000 after purchasing an additional 802 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of Vista Outdoor by 21.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,081 shares of the company's stock worth $658,000 after purchasing an additional 3,580 shares during the period. Vanguard Group Inc. raised its position in Vista Outdoor by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company's stock worth $163,325,000 after acquiring an additional 54,189 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its holdings in Vista Outdoor by 4.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 49,885 shares of the company's stock worth $1,635,000 after purchasing an additional 2,317 shares during the period. Hedge funds and other institutional investors own 90.51% of the company's stock.

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.