Vista Outdoor (NYSE:VSTO) Earns Buy Rating from Analysts at StockNews.com

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

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

Vista Outdoor Price Performance

Vista Outdoor stock opened at $44.63 on Wednesday. Vista Outdoor has a 1-year low of $26.05 and a 1-year high of $44.72. The business has a fifty day moving average price of $44.36 and a 200-day moving average price of $40.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -247.94 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.11. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The business had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. During the same quarter last year, the company earned $0.96 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Equities research analysts forecast that Vista Outdoor will post 4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Arizona State Retirement System boosted its stake in shares of Vista Outdoor by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock worth $582,000 after acquiring an additional 303 shares in the last quarter. Natixis Advisors LLC boosted its position in Vista Outdoor by 3.6% during the third quarter. Natixis Advisors LLC now owns 11,369 shares of the company’s stock worth $445,000 after purchasing an additional 394 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Vista Outdoor by 1.7% in the third quarter. BNP Paribas Financial Markets now owns 24,501 shares of the company’s stock valued at $960,000 after purchasing an additional 400 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Vista Outdoor by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock valued at $1,103,000 after buying an additional 500 shares in the last quarter. Finally, Highland Capital Management LLC raised its stake in shares of Vista Outdoor by 11.2% during the 3rd quarter. Highland Capital Management LLC now owns 6,307 shares of the company’s stock worth $247,000 after buying an additional 633 shares during the period. 90.51% of the stock is owned by institutional investors and hedge funds.

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.