Vista Outdoor Inc. (NYSE:VSTO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Vista Outdoor Inc. (NYSE:VSTO) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $41.20.

Several brokerages recently issued reports on VSTO. 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 increased their price target on Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 10th. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research report on Wednesday, August 7th. Aegis restated a “hold” rating and issued a $40.00 target price on shares of Vista Outdoor in a research note on Tuesday, August 6th. Finally, StockNews.com began coverage on shares of Vista Outdoor in a research note on Monday. They set a “buy” rating on the stock.

Vista Outdoor Trading Up 0.5 %

VSTO opened at $39.20 on Monday. The business’s 50 day moving average is $37.45 and its two-hundred day moving average is $34.48. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of -356.36 and a beta of 0.86. Vista Outdoor has a 52 week low of $23.33 and a 52 week high of $41.11. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The company had revenue of $644.18 million for the quarter, compared to the consensus estimate of $664.05 million. During the same period last year, the firm posted $1.12 EPS. Vista Outdoor’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, research analysts predict that Vista Outdoor will post 4.05 EPS for the current year.

Hedge Funds Weigh In On Vista Outdoor

A number of institutional investors and hedge funds have recently made changes to their positions in VSTO. Black Diamond Capital Management L.L.C. boosted its holdings in Vista Outdoor by 149.9% during the fourth quarter. Black Diamond Capital Management L.L.C. now owns 695,303 shares of the company’s stock worth $20,560,000 after buying an additional 417,050 shares in the last quarter. Norges Bank acquired a new stake in shares of Vista Outdoor during the 4th quarter valued at approximately $9,884,000. American Century Companies Inc. boosted 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 worth $50,932,000 after acquiring an additional 218,018 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Vista Outdoor by 2,197.0% in the 2nd quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock worth $7,289,000 after acquiring an additional 185,181 shares during the period. Finally, Brown Advisory Inc. increased its stake in Vista Outdoor by 14.2% in the 4th quarter. Brown Advisory Inc. now owns 1,318,975 shares of the company’s stock valued at $39,002,000 after purchasing an additional 164,385 shares in the last quarter. 90.51% of the stock is owned by institutional investors and hedge funds.

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.