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

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

Several other research analysts also recently commented on VSTO. B. Riley downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a report on Wednesday, August 7th. Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research note on Thursday, September 19th. Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Finally, Lake Street Capital boosted their price target on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a report on Monday, July 15th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.20.

Vista Outdoor Stock Up 0.4 %

NYSE:VSTO opened at $44.27 on Monday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -340.54 and a beta of 0.81. Vista Outdoor has a twelve month low of $23.33 and a twelve month high of $44.40. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $39.65 and a 200-day simple moving average of $36.95.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $644.18 million during the quarter, compared to analyst estimates of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. Analysts anticipate that Vista Outdoor will post 3.98 EPS for the current year.

Institutional Investors Weigh In On Vista Outdoor

Institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd lifted its holdings in shares of Vista Outdoor by 228.0% during the 4th quarter. Quadrature Capital Ltd now owns 34,650 shares of the company’s stock valued at $1,025,000 after purchasing an additional 24,087 shares during the last quarter. Purus Wealth Management LLC purchased a new stake in Vista Outdoor in the first quarter valued at about $204,000. Priebe Wealth Holdings LLC acquired a new stake in Vista Outdoor in the first quarter worth about $203,000. SpiderRock Advisors LLC purchased a new stake in shares of Vista Outdoor during the first quarter worth about $800,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Vista Outdoor by 9.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,932 shares of the company’s stock valued at $981,000 after acquiring an additional 2,558 shares in the last quarter. 90.51% of the stock is currently owned by institutional investors and hedge funds.

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.