Vista Outdoor (NYSE:VSTO) Earns Buy Rating from Analysts at StockNews.com

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

A number of other brokerages have also commented on VSTO. Aegis lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report 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 lowered 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. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Price Performance

Vista Outdoor stock opened at $44.63 on Wednesday. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -247.94 and a beta of 0.79. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $44.33 and a 200 day simple moving average of $40.66. Vista Outdoor has a 52 week low of $26.05 and a 52 week high of $44.72.

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 analysts’ consensus estimates of $0.92 by $0.11. The firm had revenue of $665.92 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. On average, research analysts forecast that Vista Outdoor will post 4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Sound Income Strategies LLC bought a new position in Vista Outdoor during the 3rd quarter worth approximately $41,000. Innealta Capital LLC purchased a new stake in shares of Vista Outdoor during the second quarter valued at approximately $76,000. Headlands Technologies LLC bought a new position in shares of Vista Outdoor in the second quarter worth approximately $91,000. Blue Trust Inc. increased its stake in shares of Vista Outdoor by 214.2% in the third quarter. Blue Trust Inc. now owns 3,010 shares of the company’s stock worth $113,000 after buying an additional 2,052 shares during the period. Finally, Priebe Wealth Holdings LLC bought a new stake in Vista Outdoor during the 3rd quarter valued at $204,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.

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.