Vista Outdoor (NYSE:VSTO) Now Covered by StockNews.com

Stock analysts at StockNews.com began coverage on shares of Vista Outdoor (NYSE:VSTO) in a report issued on Friday. The firm set a “buy” rating on the stock.

VSTO has been the subject of a number of other research reports. Monness Crespi & Hardt downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Roth Mkm cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Thursday, September 19th. Finally, B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Vista Outdoor currently has an average rating of “Hold” and an average target price of $41.20.

Vista Outdoor Price Performance

Shares of VSTO opened at $44.11 on Friday. The stock has a 50 day simple moving average of $42.20 and a 200 day simple moving average of $38.79. Vista Outdoor has a 52-week low of $25.25 and a 52-week high of $44.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. The firm has a market capitalization of $2.58 billion, a PE ratio of -245.06 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The company had revenue of $665.92 million during the quarter, compared to analysts’ expectations of $666.72 million. During the same quarter in the prior year, the company earned $0.96 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Sell-side analysts predict that Vista Outdoor will post 3.98 EPS for the current fiscal year.

Institutional Trading of Vista Outdoor

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Vista Outdoor by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock valued at $163,325,000 after purchasing an additional 54,189 shares in the last quarter. State Street Corp increased its stake in shares of Vista Outdoor by 1.6% in the third quarter. State Street Corp now owns 2,180,898 shares of the company’s stock valued at $85,448,000 after buying an additional 35,003 shares during the period. Geode Capital Management LLC raised its holdings in Vista Outdoor by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,355,917 shares of the company’s stock valued at $53,135,000 after buying an additional 17,621 shares during the last quarter. American Century Companies Inc. boosted its position in Vista Outdoor by 19.2% during the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock worth $50,932,000 after buying an additional 218,018 shares during the period. Finally, Westchester Capital Management LLC bought a new stake in Vista Outdoor during the 3rd quarter worth approximately $34,842,000. 90.51% of the stock is currently 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 Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.