Vista Outdoor (NYSE:VSTO) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of Vista Outdoor (NYSE:VSTO) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the stock.

Several other research firms have also recently weighed in on VSTO. Lake Street Capital boosted their target price on Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, July 15th. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Finally, Roth Mkm cut 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 note on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.20.

Vista Outdoor Stock Up 0.2 %

Shares of NYSE:VSTO opened at $44.18 on Tuesday. Vista Outdoor has a fifty-two week low of $23.33 and a fifty-two week high of $44.40. The firm’s 50 day moving average price is $40.23 and its 200 day moving average price is $37.35. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of -339.85 and a beta of 0.81.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data 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. The business had revenue of $644.18 million during the quarter, compared to analysts’ expectations of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 EPS. As a group, equities research analysts predict that Vista Outdoor will post 3.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

A number of hedge funds have recently added to or reduced their stakes in VSTO. Blue Trust Inc. purchased a new position in shares of Vista Outdoor during the 2nd quarter worth approximately $36,000. Sound Income Strategies LLC acquired a new stake in Vista Outdoor in the third quarter valued at $41,000. Innealta Capital LLC purchased a new stake in shares of Vista Outdoor during the 2nd quarter worth $76,000. Headlands Technologies LLC acquired a new position in shares of Vista Outdoor during the 2nd quarter worth $91,000. Finally, Priebe Wealth Holdings LLC purchased a new position in shares of Vista Outdoor in the 3rd quarter valued at about $204,000. Institutional investors and hedge funds 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.