Lake Street Capital Downgrades Vista Outdoor (NYSE:VSTO) to Hold

Lake Street Capital lowered shares of Vista Outdoor (NYSE:VSTO - Free Report) from a buy rating to a hold rating in a research report sent to investors on Friday, MarketBeat.com reports. Lake Street Capital currently has $37.00 price target on the stock, up from their prior price target of $33.00.

Several other equities research analysts have also recently issued reports on VSTO. Roth Capital raised shares of Vista Outdoor from a neutral rating to a buy rating in a research report on Thursday, April 4th. Monness Crespi & Hardt upped their price objective on Vista Outdoor from $37.00 to $41.00 and gave the stock a buy rating in a research report on Friday. Roth Mkm upgraded Vista Outdoor from a neutral rating to a buy rating and boosted their target price for the stock from $31.00 to $38.00 in a research note on Thursday, April 4th. Finally, StockNews.com initiated coverage on shares of Vista Outdoor in a research report on Tuesday. They set a buy rating for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $38.67.

Vista Outdoor Stock Down 1.5 %

VSTO traded down $0.53 during trading hours on Friday, hitting $35.59. 627,272 shares of the company's stock were exchanged, compared to its average volume of 494,997. The firm has a market cap of $2.07 billion, a P/E ratio of -5.95 and a beta of 0.93. Vista Outdoor has a 12-month low of $23.33 and a 12-month high of $36.37. The company has a current ratio of 2.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $33.31 and a 200 day moving average of $29.97.

Vista Outdoor (NYSE:VSTO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.03. Vista Outdoor had a positive return on equity of 20.00% and a negative net margin of 12.17%. The company had revenue of $693.67 million for the quarter, compared to analyst estimates of $701.43 million. During the same quarter last year, the company earned $1.08 EPS. Vista Outdoor's revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts predict that Vista Outdoor will post 3.87 EPS for the current fiscal year.

Institutional Trading of Vista Outdoor

Institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp raised its holdings in shares of Vista Outdoor by 208.6% in the third quarter. Fifth Third Bancorp now owns 969 shares of the company's stock valued at $32,000 after buying an additional 655 shares during the last quarter. Ancora Advisors LLC lifted its position in Vista Outdoor by 162.5% during the 3rd quarter. Ancora Advisors LLC now owns 1,575 shares of the company's stock worth $52,000 after acquiring an additional 975 shares during the period. NBC Securities Inc. purchased a new position in shares of Vista Outdoor in the 3rd quarter valued at approximately $78,000. Priebe Wealth Holdings LLC purchased a new stake in shares of Vista Outdoor during 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 $204,000. Hedge funds and other institutional investors own 90.51% of the company's stock.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. 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 for hunters, recreational shooters, federal and local law enforcement agencies, and military.