StockNews.com Initiates Coverage on Vista Outdoor (NYSE:VSTO)

Investment analysts at StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note issued on Sunday. The brokerage set a “buy” rating on the stock.

Other analysts have also issued reports about the stock. Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a research report on Thursday, September 19th. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a research report on Wednesday, August 7th. Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Lake Street Capital upped their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Finally, Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.20.

Vista Outdoor Stock Up 1.1 %

Vista Outdoor stock opened at $39.84 on Friday. The firm has a 50 day simple moving average of $39.25 and a 200 day simple moving average of $36.48. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -362.18 and a beta of 0.81. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. Vista Outdoor has a 1-year low of $23.33 and a 1-year high of $41.11.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The company had revenue of $644.18 million during the quarter, compared to analyst estimates of $664.05 million. During the same period in the previous year, the business earned $1.12 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, analysts predict that Vista Outdoor will post 3.98 earnings per share for the current year.

Institutional Investors Weigh In On Vista Outdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Curated Wealth Partners LLC boosted its holdings in Vista Outdoor by 97.0% in the third quarter. Curated Wealth Partners LLC now owns 52,924 shares of the company’s stock worth $2,074,000 after purchasing an additional 26,054 shares during the last quarter. Creative Planning boosted its stake in shares of Vista Outdoor by 7.8% during the 2nd quarter. Creative Planning now owns 9,529 shares of the company’s stock worth $359,000 after acquiring an additional 693 shares during the last quarter. Algert Global LLC purchased a new position in shares of Vista Outdoor during the 2nd quarter worth $210,000. The Manufacturers Life Insurance Company boosted its stake in shares of Vista Outdoor by 12.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,714 shares of the company’s stock worth $1,194,000 after acquiring an additional 3,554 shares during the last quarter. Finally, Maverick Capital Ltd. boosted its stake in shares of Vista Outdoor by 262.0% during the 2nd quarter. Maverick Capital Ltd. now owns 36,554 shares of the company’s stock worth $1,376,000 after acquiring an additional 26,455 shares during the last quarter. 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.