Vista Outdoor Inc. (NYSE:VSTO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Vista Outdoor Inc. (NYSE:VSTO) have received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is $41.20.

A number of research firms recently issued reports on VSTO. Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Roth Mkm cut 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 cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. StockNews.com began coverage on Vista Outdoor in a research note on Friday, November 15th. They issued a “buy” rating on the stock. Finally, Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th.

Institutional Investors Weigh In On Vista Outdoor

A number of institutional investors have recently added to or reduced their stakes in VSTO. Russell Investments Group Ltd. boosted its stake in shares of Vista Outdoor by 10.3% during the 1st quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company’s stock worth $3,003,000 after acquiring an additional 8,521 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Vista Outdoor by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 11,658 shares of the company’s stock worth $382,000 after buying an additional 802 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Vista Outdoor by 21.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,081 shares of the company’s stock worth $658,000 after buying an additional 3,580 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Vista Outdoor by 1.1% during 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. Finally, CANADA LIFE ASSURANCE Co boosted its position in Vista Outdoor by 4.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 49,885 shares of the company’s stock worth $1,635,000 after purchasing an additional 2,317 shares during the period. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Vista Outdoor Price Performance

NYSE:VSTO opened at $44.23 on Wednesday. Vista Outdoor has a one year low of $25.57 and a one year high of $44.48. 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 stock has a market cap of $2.58 billion, a PE ratio of -245.69 and a beta of 0.79. The stock has a 50 day moving average price of $42.44 and a 200 day moving average price of $38.94.

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

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.