Vista Outdoor (VSTO) Trading Down 5%

Vista Outdoor Inc (NYSE:VSTO) dropped 5% during mid-day trading on Friday . The company traded as low as $9.01 and last traded at $9.08. Approximately 565,473 shares were traded during trading, an increase of 0% from the average daily volume of 563,223 shares. The stock had previously closed at $9.56.

VSTO has been the topic of a number of analyst reports. B. Riley set a $13.00 target price on shares of Vista Outdoor and gave the company a “buy” rating in a research note on Friday, May 10th. ValuEngine cut shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Monness Crespi & Hardt upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, May 10th. Roth Capital restated a “neutral” rating on shares of Vista Outdoor in a research note on Friday, February 8th. Finally, Zacks Investment Research cut shares of Vista Outdoor from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Vista Outdoor presently has a consensus rating of “Hold” and a consensus price target of $14.60.

The company has a market capitalization of $544.81 million, a P/E ratio of 64.86 and a beta of 0.11. The company has a current ratio of 2.96, a quick ratio of 1.88 and a debt-to-equity ratio of 1.12.



Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.12). The company had revenue of $515.34 million during the quarter, compared to analysts’ expectations of $503.17 million. Vista Outdoor had a positive return on equity of 0.89% and a negative net margin of 31.50%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.22) EPS. Analysts expect that Vista Outdoor Inc will post 0.3 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in shares of Vista Outdoor by 0.9% in the 1st quarter. Rhumbline Advisers now owns 143,207 shares of the company’s stock worth $1,147,000 after buying an additional 1,294 shares during the last quarter. Texas Permanent School Fund increased its holdings in shares of Vista Outdoor by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 39,103 shares of the company’s stock worth $313,000 after buying an additional 1,425 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Vista Outdoor by 40.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,124 shares of the company’s stock worth $58,000 after buying an additional 1,488 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Vista Outdoor by 15.5% in the 1st quarter. Hsbc Holdings PLC now owns 19,047 shares of the company’s stock worth $152,000 after buying an additional 2,549 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Vista Outdoor by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 467,454 shares of the company’s stock worth $5,306,000 after buying an additional 2,954 shares during the last quarter. Hedge funds and other institutional investors own 96.55% of the company’s stock.

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About Vista Outdoor (NYSE:VSTO)

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.

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