Vista Outdoor (NYSE:VSTO) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Vista Outdoor (NYSE:VSTO) in a report issued on Sunday. The brokerage set a “buy” rating on the stock.

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

Vista Outdoor Price Performance

Vista Outdoor stock opened at $44.63 on Friday. Vista Outdoor has a one year low of $26.05 and a one year high of $44.72. The business has a fifty day moving average price of $43.20 and a 200-day moving average price of $39.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26. The firm has a market capitalization of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. 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 company earned $0.96 earnings per share. Vista Outdoor’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Vista Outdoor will post 4 EPS for the current year.

Hedge Funds Weigh In On Vista Outdoor

Several hedge funds and other institutional investors have recently modified their holdings of VSTO. Blue Trust Inc. bought a new position in shares of Vista Outdoor during the second quarter valued at approximately $36,000. Sound Income Strategies LLC purchased a new position in Vista Outdoor during the 3rd quarter valued at $41,000. Innealta Capital LLC bought a new position in Vista Outdoor in the 2nd quarter worth $76,000. Headlands Technologies LLC purchased a new stake in shares of Vista Outdoor in the 2nd quarter worth about $91,000. Finally, Priebe Wealth Holdings LLC bought a new stake in shares of Vista Outdoor during the third quarter valued at approximately $204,000. 90.51% of the stock is 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 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.