Vista Outdoor (NYSE:VSTO) Research Coverage Started at StockNews.com

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

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

Vista Outdoor Price Performance

Shares of NYSE VSTO opened at $44.11 on Friday. The stock has a market cap of $2.58 billion, a P/E ratio of -245.06 and a beta of 0.79. Vista Outdoor has a twelve month low of $25.25 and a twelve month high of $44.48. The stock has a 50 day moving average of $42.20 and a two-hundred day moving average of $38.82. 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 EPS for the quarter, beating the consensus estimate of $0.92 by $0.11. The firm had revenue of $665.92 million during 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 quarter in the prior year, the firm earned $0.96 EPS. On average, research analysts forecast that Vista Outdoor will post 4 earnings per share for the current year.

Hedge Funds Weigh In On Vista Outdoor

A number of large investors have recently made changes to their positions in VSTO. Vanguard Group Inc. grew its position in Vista Outdoor by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock worth $163,325,000 after buying an additional 54,189 shares during the period. State Street Corp increased its stake in Vista Outdoor by 1.6% in the 3rd quarter. State Street Corp now owns 2,180,898 shares of the company’s stock valued at $85,448,000 after purchasing an additional 35,003 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 purchasing an additional 17,621 shares during the last quarter. American Century Companies Inc. boosted its position in Vista Outdoor by 19.2% during the second quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock worth $50,932,000 after purchasing an additional 218,018 shares in the last quarter. Finally, Westchester Capital Management LLC purchased a new position in shares of Vista Outdoor in the third quarter valued at $34,842,000. 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.