Vista Outdoor Inc. (NYSE:VSTO) Receives $41.00 Consensus Price Target from Brokerages

Shares of Vista Outdoor Inc. (NYSE:VSTO) have received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $41.00.

VSTO has been the subject of a number of research reports. Roth Mkm boosted their price target on Vista Outdoor from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Monness Crespi & Hardt boosted their price target on Vista Outdoor from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Roth Capital raised Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. StockNews.com assumed coverage on Vista Outdoor in a research report on Thursday, July 18th. They issued a “buy” rating for the company. Finally, Lake Street Capital upped their target price on Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, July 15th.

Institutional Investors Weigh In On Vista Outdoor

Institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. lifted its stake in shares of Vista Outdoor by 16.6% in the third quarter. American Century Companies Inc. now owns 865,399 shares of the company’s stock worth $28,662,000 after acquiring an additional 123,307 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Vista Outdoor by 16,623.5% in the fourth 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 in the last quarter. SG Americas Securities LLC acquired a new position in shares of Vista Outdoor in the fourth quarter worth about $529,000. Pacer Advisors Inc. lifted its stake in shares of Vista Outdoor by 57.4% in the fourth quarter. Pacer Advisors Inc. now owns 2,980,595 shares of the company’s stock worth $88,136,000 after acquiring an additional 1,086,671 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Vista Outdoor by 172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 471,284 shares of the company’s stock worth $13,936,000 after acquiring an additional 298,199 shares in the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Vista Outdoor Price Performance

Shares of NYSE:VSTO opened at $38.30 on Thursday. The company has a market cap of $2.23 billion, a P/E ratio of -348.18 and a beta of 0.86. The company has a quick ratio of 1.21, a current ratio of 2.79 and a debt-to-equity ratio of 0.64. Vista Outdoor has a 52 week low of $23.33 and a 52 week high of $38.91. The business has a fifty day simple moving average of $35.95 and a 200-day simple moving average of $33.20.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.03. Vista Outdoor had a positive return on equity of 19.75% and a negative net margin of 0.20%. The firm had revenue of $693.67 million during the quarter, compared to the consensus estimate of $701.43 million. During the same quarter in the previous year, the business earned $1.08 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities research analysts forecast that Vista Outdoor will post 3.99 EPS for the current year.

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.