January 19, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Vista Outdoor Inc (NYSE:VSTO) shares over potential securities laws violations by Vista Outdoor Inc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Vista Outdoor Inc (NYSE:VSTO) concerning whether a series of statements by Vista Outdoor Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Farmington, UT based Vista Outdoor Inc. is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. Vista Outdoor Inc went public in January 2015.

Vista Outdoor Inc reported that its annual Total Revenue rose over $2.08 billion for the 52 weeks period that ended on March 31, 2015 to over $2.27 billion for the 53 weeks period that ended on March 31, 2016 and that its Net Income for the respective time periods increased from $79.53 million to $147.04 million.

Shares of Vista Outdoor Inc (NYSE:VSTO) reached $52.69 per share in April 2016, respectively $51.58 per share in August 2016.

On January 11, 2017, Jan Vista Outdoor Inc (NYSE:VSTO) announced that it expects to record a material, non-cash intangible asset impairment charge in its Hunting and Shooting Accessories reporting unit in the third quarter of its Fiscal Year 2017. Vista Outdoor Inc (NYSE:VSTO) said that the Company's preliminary analysis indicates the impairment charge will be in the range of $400 million to $450 million.

Shares of Vista Outdoor Inc (NYSE:VSTO) declined to as low as $26.91 per share on January 19, 2017.