Vista Outdoor (NYSE:VSTO) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Vista Outdoor (NYSE:VSTO) in a report published on Wednesday. The brokerage issued a buy rating on the stock.

Several other research firms also recently commented on VSTO. Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research note on Thursday, September 19th. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Finally, Aegis downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Price Performance

VSTO stock opened at $44.63 on Wednesday. The business has a 50 day simple moving average of $44.34 and a 200-day simple moving average of $40.69. The company has a market capitalization of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79. Vista Outdoor has a twelve month low of $26.05 and a twelve month high of $44.72. 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 issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had revenue of $665.92 million for the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. Vista Outdoor’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. As a group, equities analysts anticipate that Vista Outdoor will post 4 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VSTO. State Street Corp grew its stake in shares of Vista Outdoor by 1.6% during the 3rd quarter. State Street Corp now owns 2,180,898 shares of the company’s stock worth $85,448,000 after purchasing an additional 35,003 shares during the period. Geode Capital Management LLC grew its position in Vista Outdoor by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,355,917 shares of the company’s stock worth $53,135,000 after buying an additional 17,621 shares during the period. American Century Companies Inc. increased its holdings in Vista Outdoor by 19.2% in the second quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after buying an additional 218,018 shares in the last quarter. Westchester Capital Management LLC acquired a new stake in shares of Vista Outdoor during the 3rd quarter valued at approximately $34,842,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Vista Outdoor by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 871,505 shares of the company’s stock worth $34,146,000 after acquiring an additional 2,411 shares in the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.

About Vista Outdoor

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.