Vista Outdoor (NYSE:VSTO) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating on the stock.

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

Vista Outdoor Stock Performance

NYSE VSTO opened at $43.90 on Wednesday. Vista Outdoor has a 52-week low of $24.30 and a 52-week high of $44.40. The company has a fifty day moving average of $40.95 and a 200-day moving average of $37.88. The company has a market capitalization of $2.56 billion, a P/E ratio of -337.69 and a beta of 0.81. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $644.18 million during the quarter, compared to the consensus estimate of $664.05 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. Vista Outdoor’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS. As a group, equities research analysts predict that Vista Outdoor will post 3.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VSTO. Vanguard Group Inc. boosted its stake in shares of Vista Outdoor by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock worth $163,325,000 after buying an additional 54,189 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Vista Outdoor by 19.2% during the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after purchasing an additional 218,018 shares during the period. Bank of New York Mellon Corp increased its position in shares of Vista Outdoor by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock valued at $19,160,000 after purchasing an additional 5,945 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Vista Outdoor by 7.0% in the 1st quarter. Bridgeway Capital Management LLC now owns 501,898 shares of the company’s stock worth $16,452,000 after purchasing an additional 32,675 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Vista Outdoor by 2.5% in the first quarter. Gamco Investors INC. ET AL now owns 410,125 shares of the company’s stock worth $13,444,000 after buying an additional 10,000 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.