Vista Outdoor (NYSE:VSTO) Sets New 1-Year High at $34.42

Shares of Vista Outdoor Inc. (NYSE:VSTO) reached a new 52-week high on Monday . The stock traded as high as $34.42 and last traded at $34.11, with a volume of 232816 shares trading hands. The stock had previously closed at $32.36.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VSTO shares. Roth Capital raised Vista Outdoor from a “neutral” rating to a “buy” rating in a report on Thursday, April 4th. Monness Crespi & Hardt increased their price objective on Vista Outdoor from $34.00 to $37.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Roth Mkm raised Vista Outdoor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $31.00 to $38.00 in a report on Thursday, April 4th. Finally, StockNews.com began coverage on Vista Outdoor in a report on Sunday. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $34.67.

Vista Outdoor Price Performance

The company has a current ratio of 2.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average of $32.06 and a two-hundred day moving average of $29.33.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.04). Vista Outdoor had a positive return on equity of 20.00% and a negative net margin of 12.17%. The company had revenue of $682.25 million for the quarter, compared to analyst estimates of $687.85 million. On average, sell-side analysts predict that Vista Outdoor Inc. will post 3.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Priebe Wealth Holdings LLC acquired a new stake in Vista Outdoor in the first quarter valued at $203,000. Purus Wealth Management LLC acquired a new stake in Vista Outdoor in the first quarter valued at $204,000. Quadrature Capital Ltd lifted its holdings in Vista Outdoor by 228.0% in the fourth quarter. Quadrature Capital Ltd now owns 34,650 shares of the company’s stock valued at $1,025,000 after acquiring an additional 24,087 shares during the period. Alamar Capital Management LLC acquired a new stake in Vista Outdoor in the fourth quarter valued at $1,093,000. Finally, Bluefin Capital Management LLC acquired a new stake in Vista Outdoor in the fourth quarter valued at $336,000. Institutional investors and hedge funds own 90.51% of the company’s stock.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.