Vista Outdoor (NYSE:VSTO) Price Target Raised to $40.00

Vista Outdoor (NYSE:VSTO) had its target price boosted by Lake Street Capital from $37.00 to $40.00 in a research note issued to investors on Monday morning, Benzinga reports. Lake Street Capital currently has a hold rating on the stock.

Several other brokerages have also recently commented on VSTO. Monness Crespi & Hardt upped their target price on Vista Outdoor from $37.00 to $41.00 and gave the company a buy rating in a report on Friday, May 10th. Roth Capital raised shares of Vista Outdoor from a neutral rating to a buy rating in a research note on Thursday, April 4th. Roth Mkm upped their price target on shares of Vista Outdoor from $40.00 to $42.00 and gave the company a buy rating in a research report on Tuesday, July 9th. Finally, StockNews.com began coverage on Vista Outdoor in a research note on Wednesday, July 10th. They issued a buy rating on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Vista Outdoor has an average rating of Moderate Buy and a consensus target price of $41.00.

Vista Outdoor Stock Performance

Vista Outdoor stock opened at $37.97 on Monday. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $38.91. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.79 and a quick ratio of 1.21. The company has a market capitalization of $2.22 billion, a P/E ratio of -345.18 and a beta of 0.86. The business has a 50 day moving average of $35.65 and a 200-day moving average of $32.89.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.03. The company had revenue of $693.67 million for the quarter, compared to analysts’ expectations of $701.43 million. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. Vista Outdoor’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 earnings per share. On average, equities research analysts predict that Vista Outdoor will post 3.99 earnings per share for the current year.

Hedge Funds Weigh In On Vista Outdoor

Institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. lifted its holdings in shares of Vista Outdoor by 16.6% in the 3rd quarter. American Century Companies Inc. now owns 865,399 shares of the company’s stock worth $28,662,000 after purchasing an additional 123,307 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Vista Outdoor by 16,623.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,546 shares of the company’s stock worth $401,000 after acquiring an additional 13,465 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Vista Outdoor in the 4th quarter worth about $529,000. Pacer Advisors Inc. lifted its position in Vista Outdoor by 57.4% in the 4th quarter. Pacer Advisors Inc. now owns 2,980,595 shares of the company’s stock valued at $88,136,000 after acquiring an additional 1,086,671 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Vista Outdoor by 172.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 471,284 shares of the company’s stock valued at $13,936,000 after purchasing an additional 298,199 shares during the last quarter. Institutional investors own 90.51% of the company’s stock.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.