Vista Outdoor’s (VSTO) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm restated their buy rating on shares of Vista Outdoor (NYSE:VSTO) in a report issued on Wednesday morning, Benzinga reports. They currently have a $40.00 price objective on the stock.

Several other analysts also recently issued reports on the stock. StockNews.com started coverage on shares of Vista Outdoor in a report on Monday. They issued a buy rating on the stock. Monness Crespi & Hardt upped their price target on shares of Vista Outdoor from $37.00 to $41.00 and gave the company a buy rating in a report on Friday, May 10th. Roth Capital raised shares of Vista Outdoor from a neutral rating to a buy rating in a report on Thursday, April 4th. Finally, Lake Street Capital downgraded shares of Vista Outdoor from a buy rating to a hold rating and upped their price target for the company from $33.00 to $37.00 in a report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $39.33.

Vista Outdoor Stock Up 9.1 %

VSTO stock opened at $36.85 on Wednesday. The company has a market cap of $2.15 billion, a P/E ratio of -335.00 and a beta of 0.88. Vista Outdoor has a 52 week low of $23.33 and a 52 week high of $37.64. The company’s 50-day moving average price is $34.84 and its 200 day moving average price is $32.00. The company has a current ratio of 2.79, a quick ratio of 1.21 and a debt-to-equity ratio of 0.64.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.03. The firm had revenue of $693.67 million for the quarter, compared to the consensus estimate of $701.43 million. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 earnings per share. On average, research analysts expect that Vista Outdoor will post 3.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vista Outdoor

A number of institutional investors have recently modified their holdings of the company. Kennedy Capital Management LLC raised its position in shares of 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 buying an additional 333 shares during the last quarter. SummerHaven Investment Management LLC increased its position in Vista Outdoor by 1.5% during the fourth quarter. SummerHaven Investment Management LLC now owns 25,307 shares of the company’s stock worth $748,000 after purchasing an additional 373 shares during the last quarter. American Capital Advisory LLC increased its position in Vista Outdoor by 4.1% during the first quarter. American Capital Advisory LLC now owns 17,776 shares of the company’s stock worth $583,000 after purchasing an additional 705 shares during the last quarter. Texas Permanent School Fund Corp increased its position in Vista Outdoor by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 50,890 shares of the company’s stock worth $1,668,000 after purchasing an additional 725 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in Vista Outdoor by 2.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 34,905 shares of the company’s stock worth $1,032,000 after purchasing an additional 770 shares during the last quarter. 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.