Vista Outdoor (NYSE:VSTO) Stock Price Down 2.4%

Vista Outdoor Inc. (NYSE:VSTO - Get Free Report)'s stock price fell 2.4% during mid-day trading on Monday . The company traded as low as $34.59 and last traded at $34.75. 43,458 shares were traded during trading, a decline of 91% from the average session volume of 504,368 shares. The stock had previously closed at $35.60.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Roth Mkm raised Vista Outdoor from a "neutral" rating to a "buy" rating and increased their target price for the stock from $31.00 to $38.00 in a research report on Thursday, April 4th. Lake Street Capital downgraded shares of Vista Outdoor from a "buy" rating to a "hold" rating and lifted their price objective for the company from $33.00 to $37.00 in a research report on Friday. StockNews.com began coverage on shares of Vista Outdoor in a research note on Tuesday, May 7th. They issued a "buy" rating on the stock. Roth Capital upgraded Vista Outdoor from a "neutral" rating to a "buy" rating in a research report on Thursday, April 4th. Finally, Monness Crespi & Hardt increased their price objective on Vista Outdoor from $37.00 to $41.00 and gave the stock a "buy" rating in a report on Friday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Vista Outdoor presently has a consensus rating of "Moderate Buy" and an average price target of $38.67.

Vista Outdoor Trading Down 3.2 %

The company has a quick ratio of 1.21, a current ratio of 2.79 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $2.00 billion, a P/E ratio of -313.36 and a beta of 0.93. The firm's 50-day simple moving average is $33.35 and its 200 day simple moving average is $30.12.

Vista Outdoor (NYSE:VSTO - Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.03. The business had revenue of $693.67 million for the quarter, compared to the consensus estimate of $701.43 million. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. The business's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. Equities research analysts anticipate that Vista Outdoor Inc. will post 4.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

Several large investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC raised its holdings in Vista Outdoor by 1.5% during the 4th quarter. SummerHaven Investment Management LLC now owns 25,307 shares of the company's stock worth $748,000 after buying an additional 373 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of Vista Outdoor by 3.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 16,501 shares of the company's stock valued at $547,000 after acquiring an additional 490 shares during the period. Arizona State Retirement System lifted its position in shares of Vista Outdoor by 3.9% in the 3rd quarter. Arizona State Retirement System now owns 16,510 shares of the company's stock valued at $547,000 after acquiring an additional 617 shares in the last quarter. Fifth Third Bancorp boosted its stake in Vista Outdoor by 208.6% in the 3rd quarter. Fifth Third Bancorp now owns 969 shares of the company's stock worth $32,000 after purchasing an additional 655 shares during the period. Finally, American Capital Advisory LLC boosted its stake in Vista Outdoor by 4.1% in the 1st quarter. American Capital Advisory LLC now owns 17,776 shares of the company's stock worth $583,000 after purchasing an additional 705 shares during the period. 90.51% of the stock is owned by institutional investors.

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.