Vista Outdoor (NYSE:VSTO) Shares Gap Up to $37.65

Vista Outdoor Inc. (NYSE:VSTO) shares gapped up before the market opened on Monday . The stock had previously closed at $37.65, but opened at $38.78. Vista Outdoor shares last traded at $38.61, with a volume of 66,176 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VSTO shares. StockNews.com initiated coverage on Vista Outdoor in a report on Tuesday. They set a “buy” rating for the company. Roth Capital raised Vista Outdoor from a “neutral” rating to a “buy” rating in a research note on Thursday, April 4th. Roth Mkm reaffirmed a “buy” rating and issued a $40.00 price target on shares of Vista Outdoor in a research note on Wednesday, June 26th. Lake Street Capital cut Vista Outdoor from a “buy” rating to a “hold” rating and lifted their target price for the company from $33.00 to $37.00 in a research report on Friday, May 10th. Finally, Monness Crespi & Hardt lifted their target price on Vista Outdoor from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.33.

Vista Outdoor Trading Down 0.1 %

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 2.79. The company has a fifty day moving average price of $35.16 and a two-hundred day moving average price of $32.31.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.03. The company had revenue of $693.67 million for the quarter, compared to analysts’ expectations of $701.43 million. Vista Outdoor had a positive return on equity of 19.75% and a negative net margin of 0.20%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 earnings per share. As a group, sell-side analysts anticipate that Vista Outdoor Inc. will post 3.99 earnings per share for the current year.

Institutional Trading of Vista Outdoor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ancora Advisors LLC grew its holdings in shares of Vista Outdoor by 162.5% during the third quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock worth $52,000 after purchasing an additional 975 shares during the last quarter. Priebe Wealth Holdings LLC bought a new stake in Vista Outdoor in the first quarter valued at approximately $203,000. Purus Wealth Management LLC bought a new stake in Vista Outdoor in the first quarter valued at approximately $204,000. Paloma Partners Management Co bought a new stake in Vista Outdoor in the first quarter valued at approximately $246,000. Finally, Kennedy Capital Management LLC boosted its holdings 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 last quarter. 90.51% of the stock is currently owned by institutional investors.

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.