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

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

VSTO has been the subject of several other research reports. Roth Mkm cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a research note on Thursday, September 19th. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Lake Street Capital boosted their price target on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, July 15th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Vista Outdoor has an average rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Stock Performance

Shares of VSTO stock opened at $44.01 on Wednesday. The business’s 50-day moving average price is $41.05 and its 200-day moving average price is $37.92. Vista Outdoor has a 12 month low of $24.30 and a 12 month high of $44.40. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of -338.54 and a beta of 0.81.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The firm had revenue of $644.18 million for the quarter, compared to analyst estimates of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS. Equities research analysts forecast that Vista Outdoor will post 3.98 EPS for the current year.

Institutional Investors Weigh In On Vista Outdoor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System increased its position in Vista Outdoor by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock valued at $582,000 after buying an additional 303 shares in the last quarter. Kennedy Capital Management LLC grew its stake in Vista Outdoor by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock valued at $307,000 after acquiring an additional 333 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Vista Outdoor by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company’s stock valued at $982,000 after acquiring an additional 443 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Vista Outdoor by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock worth $1,103,000 after purchasing an additional 500 shares during the period. Finally, Highland Capital Management LLC lifted its holdings in shares of Vista Outdoor by 11.2% in the 3rd quarter. Highland Capital Management LLC now owns 6,307 shares of the company’s stock worth $247,000 after purchasing an additional 633 shares in the last quarter. 90.51% of the stock is owned by institutional investors.

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.