Vista Outdoor (NYSE:VSTO) Trading Down 6.4%

Vista Outdoor Inc (NYSE:VSTO)’s stock price dropped 6.4% during trading on Wednesday . The company traded as low as $4.59 and last traded at $4.65, approximately 694,688 shares were traded during trading. An increase of 23% from the average daily volume of 564,117 shares. The stock had previously closed at $4.97.

VSTO has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Vista Outdoor from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 16th. Cowen set a $5.00 price target on shares of Vista Outdoor and gave the stock a “hold” rating in a research report on Monday. ValuEngine raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Lake Street Capital initiated coverage on shares of Vista Outdoor in a research report on Tuesday, July 9th. They set a “buy” rating and a $11.00 price target on the stock. Finally, B. Riley set a $13.00 price target on shares of Vista Outdoor and gave the stock a “buy” rating in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.60.

The company has a quick ratio of 1.82, a current ratio of 2.96 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $307.83 million, a PE ratio of 33.21 and a beta of 0.35. The stock’s fifty day moving average price is $7.61.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.11). Vista Outdoor had a negative net margin of 30.80% and a positive return on equity of 0.48%. The firm had revenue of $459.77 million during the quarter, compared to the consensus estimate of $471.41 million. Vista Outdoor’s quarterly revenue was down 13.1% on a year-over-year basis. On average, analysts predict that Vista Outdoor Inc will post 0.23 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc bought a new position in Vista Outdoor in the 2nd quarter valued at about $40,000. Bank of Montreal Can increased its holdings in Vista Outdoor by 509.1% in the 2nd quarter. Bank of Montreal Can now owns 5,263 shares of the company’s stock valued at $47,000 after buying an additional 4,399 shares during the period. Quantamental Technologies LLC bought a new position in Vista Outdoor in the 2nd quarter valued at about $65,000. Point72 Hong Kong Ltd bought a new position in Vista Outdoor in the 2nd quarter valued at about $69,000. Finally, Magnus Financial Group LLC bought a new stake in shares of Vista Outdoor during the 2nd quarter valued at approximately $103,000. 92.07% of the stock is currently owned by hedge funds and other institutional investors.

Vista Outdoor Company Profile (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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