DA Davidson Downgrades Vista Outdoor Inc to Neutral

Brokerage firm DA Davidson Downgrades its rating on Vista Outdoor Inc(VSTO). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by DA Davidson was issued on Feb 6, 2017.

Vista Outdoor Inc (VSTO) shares turned negative on Tuesdays trading session with the shares closing down -0.27 points or -1.06% at a volume of 10,30,235. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.8. The peak price level was also seen at $25.8 while the days lowest was $25.01. Finally the shares closed at $25.12. The 52-week high of the shares is $53.91 while the 52-week low is $24.46. According to the latest information available, the market cap of the company is $1,477 M.

Vista Outdoor Inc(VSTO) last announced its earnings results on Nov 10, 2016 for Fiscal Year 2017 and Q2.Earnings per share were $0.74.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Gary L Mcarthur (director) purchased 3,156 shares at $47.49 per share price.Also, On Nov 18, 2015, Michael Callahan (director) purchased 1,300 shares at $42.56 per share price.On Sep 1, 2015, Mark A. Gottfredson (director) purchased 3,715 shares at $46.70 per share price, according to the Form-4 filing with the securities and exchange commission.

Vista Outdoor Inc. is a designer manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates in two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment’s products include pistol rifle rimfire and shotshell ammunition and primers centerfire rifles rimfire rifles shotguns and range systems. Its Outdoor Products segment’s product lines include optics accessories and eyewear. It serves the outdoor sports and recreation markets through a diverse portfolio of over 30 brands that provide consumers with a range of products including sporting ammunition and firearms outdoor accessories outdoor sports optics golf rangefinders and performance eyewear. It serves a range of end consumers including outdoor enthusiasts hunters and recreational shooters athletes as well as law enforcement and military professionals. Its products are sold through a variety of mass specialty and independent retailers.

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