Vista Outdoor (NYSE:VSTO) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report sent to investors on Friday morning. The brokerage issued a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Monness Crespi & Hardt increased their target price on shares of Vista Outdoor from $37.00 to $41.00 and gave the stock a buy rating in a report on Friday, May 10th. 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. Roth Capital raised Vista Outdoor from a neutral rating to a buy rating in a report on Thursday, April 4th. Finally, Roth Mkm raised their price target on Vista Outdoor from $40.00 to $42.00 and gave the stock a buy rating in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $41.00.

Vista Outdoor Trading Up 1.9 %

NYSE VSTO opened at $38.61 on Friday. The company’s fifty day simple moving average is $36.10 and its 200-day simple moving average is $33.38. Vista Outdoor has a 52 week low of $23.33 and a 52 week high of $38.91. The company has a current ratio of 2.79, a quick ratio of 1.21 and a debt-to-equity ratio of 0.64. The stock has a market cap of $2.25 billion, a P/E ratio of -351.00 and a beta of 0.86.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.03. The business had revenue of $693.67 million during the quarter, compared to analyst estimates of $701.43 million. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Equities research analysts predict that Vista Outdoor will post 4.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

A number of hedge funds and other institutional investors have recently modified their holdings of VSTO. Blue Trust Inc. bought a new position in Vista Outdoor during the 2nd quarter valued at $36,000. Highland Capital Management LLC bought a new position in Vista Outdoor during the 2nd quarter valued at $214,000. Priebe Wealth Holdings LLC bought a new position in Vista Outdoor during the 1st quarter valued at $203,000. Purus Wealth Management LLC bought a new position in Vista Outdoor during the 1st quarter valued at $204,000. Finally, Paloma Partners Management Co bought a new position in Vista Outdoor during the 1st quarter valued at $246,000. 90.51% of the stock is currently 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 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.