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

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a report issued on Friday. The firm set a “buy” rating on the stock.

Several other analysts have also weighed in on VSTO. Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Roth Mkm cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research note on Thursday, September 19th. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research report on Wednesday, August 7th. Finally, Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Five equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Price Performance

VSTO stock opened at $44.11 on Friday. The firm has a market cap of $2.58 billion, a PE ratio of -245.06 and a beta of 0.79. Vista Outdoor has a 1 year low of $25.25 and a 1 year high of $44.48. The company has a fifty day simple moving average of $42.20 and a 200 day simple moving average of $38.79. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The company had revenue of $665.92 million during the quarter, compared to analysts’ expectations of $666.72 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Vista Outdoor will post 3.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Vista Outdoor

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of Vista Outdoor by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,355,917 shares of the company’s stock valued at $53,135,000 after purchasing an additional 17,621 shares in the last quarter. Tenzing Global Management LLC increased its stake in shares of Vista Outdoor by 7.7% in the 3rd quarter. Tenzing Global Management LLC now owns 350,000 shares of the company’s stock valued at $13,713,000 after buying an additional 25,000 shares during the period. State Street Corp raised its position in shares of Vista Outdoor by 1.6% during the third quarter. State Street Corp now owns 2,180,898 shares of the company’s stock worth $85,448,000 after acquiring an additional 35,003 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Vista Outdoor by 23.5% during the third quarter. HighTower Advisors LLC now owns 11,259 shares of the company’s stock valued at $442,000 after acquiring an additional 2,140 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in Vista Outdoor by 11,040.2% in the third quarter. Benjamin Edwards Inc. now owns 13,034 shares of the company’s stock valued at $511,000 after acquiring an additional 12,917 shares during the last quarter. 90.51% of the stock is owned by institutional investors.

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.