Vista Outdoor Inc. (NYSE:VSTO) Receives $41.20 Average PT from Brokerages

Shares of Vista Outdoor Inc. (NYSE:VSTO) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $41.20.

A number of research firms have recently weighed in on VSTO. StockNews.com started coverage on shares of Vista Outdoor in a research report on Tuesday. They issued a “buy” rating for the company. Aegis cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Roth Mkm cut 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, Monness Crespi & Hardt downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC boosted its stake in Vista Outdoor by 99.0% during the 3rd quarter. Intech Investment Management LLC now owns 24,459 shares of the company’s stock valued at $958,000 after purchasing an additional 12,168 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Vista Outdoor by 67.5% in the third quarter. Victory Capital Management Inc. now owns 81,884 shares of the company’s stock valued at $3,208,000 after purchasing an additional 32,991 shares in the last quarter. Curated Wealth Partners LLC boosted its position in shares of Vista Outdoor by 97.0% during the third quarter. Curated Wealth Partners LLC now owns 52,924 shares of the company’s stock valued at $2,074,000 after buying an additional 26,054 shares during the last quarter. Verition Fund Management LLC grew its holdings in Vista Outdoor by 4,019.4% during the third quarter. Verition Fund Management LLC now owns 316,494 shares of the company’s stock worth $12,400,000 after buying an additional 308,811 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Vista Outdoor by 2,197.0% in the 2nd quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock valued at $7,289,000 after buying an additional 185,181 shares during the last quarter. 90.51% of the stock is owned by institutional investors.

Vista Outdoor Price Performance

VSTO opened at $44.63 on Friday. The stock’s fifty day simple moving average is $44.30 and its 200 day simple moving average is $40.38. Vista Outdoor has a 1-year low of $26.05 and a 1-year high of $44.72. The stock has a market cap of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

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 firm had revenue of $665.92 million for the quarter, compared to analysts’ expectations of $666.72 million. During the same period in the prior year, the firm earned $0.96 EPS. The business’s revenue was down 1.6% on a year-over-year basis. As a group, research analysts expect that Vista Outdoor will post 4 earnings per share for the current year.

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.