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

Analysts at StockNews.com began coverage on shares of Vista Outdoor (NYSE:VSTO) in a report released on Saturday. The brokerage set a “buy” rating on the stock.

Several other analysts have also commented on the company. Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Aegis lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. B. Riley cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research report on Wednesday, August 7th. Finally, Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research report on Thursday, September 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Vista Outdoor has an average rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Price Performance

Shares of VSTO opened at $44.42 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. The firm has a market cap of $2.60 billion, a PE ratio of -246.78 and a beta of 0.79. Vista Outdoor has a twelve month low of $26.05 and a twelve month high of $44.48. The firm’s 50 day moving average price is $42.71 and its 200 day moving average price is $39.12.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.11. The firm had revenue of $665.92 million for the quarter, compared to analyst estimates of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 earnings per share. As a group, research analysts expect that Vista Outdoor will post 4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Westchester Capital Management LLC acquired a new stake in Vista Outdoor during the 3rd quarter valued at $34,842,000. Slotnik Capital LLC lifted its stake in shares of Vista Outdoor by 528.8% during the 3rd quarter. Slotnik Capital LLC now owns 503,000 shares of the company’s stock worth $19,708,000 after buying an additional 423,000 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Vista Outdoor by 4,019.4% during the 3rd quarter. Verition Fund Management LLC now owns 316,494 shares of the company’s stock worth $12,400,000 after buying an additional 308,811 shares during the period. American Century Companies Inc. grew its stake in Vista Outdoor by 19.2% in the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after buying an additional 218,018 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Vista Outdoor by 2,197.0% during the 2nd quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock worth $7,289,000 after purchasing an additional 185,181 shares during the last quarter. 90.51% of the stock is currently owned by institutional investors and hedge funds.

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.