Vista Outdoor (NYSE:VSTO) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note released on Wednesday morning. The brokerage issued a buy rating on the stock.

Several other equities analysts also recently issued reports on VSTO. Aegis upgraded Vista Outdoor from a hold rating to a strong-buy rating in a research report on Wednesday, August 14th. Roth Mkm boosted their price target on Vista Outdoor from $40.00 to $42.00 and gave the stock a buy rating in a research report on Tuesday, July 9th. Lake Street Capital raised their price target on Vista Outdoor from $37.00 to $40.00 and gave the company a hold rating in a report on Monday, July 15th. B. Riley cut 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 note on Wednesday, August 7th. Finally, Monness Crespi & Hardt increased their target price on shares of Vista Outdoor from $37.00 to $41.00 and gave the company a buy rating in a research report on Friday, May 10th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $41.20.

Vista Outdoor Price Performance

Shares of VSTO opened at $38.31 on Wednesday. Vista Outdoor has a 12 month low of $23.33 and a 12 month high of $41.11. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. The stock has a fifty day moving average price of $38.56 and a 200 day moving average price of $35.37. The company has a market cap of $2.24 billion, a P/E ratio of -348.27 and a beta of 0.81.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The business had revenue of $644.18 million for the quarter, compared to analysts’ expectations of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. On average, research analysts forecast that Vista Outdoor will post 3.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VSTO. Russell Investments Group Ltd. lifted its holdings in Vista Outdoor by 51.9% in the 4th quarter. Russell Investments Group Ltd. now owns 83,087 shares of the company’s stock valued at $2,457,000 after acquiring an additional 28,387 shares during the last quarter. LSV Asset Management boosted its holdings in Vista Outdoor by 12.7% during the fourth quarter. LSV Asset Management now owns 91,700 shares of the company’s stock worth $2,712,000 after buying an additional 10,300 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Vista Outdoor by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 815,346 shares of the company’s stock worth $24,110,000 after buying an additional 18,442 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Vista Outdoor by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,161,469 shares of the company’s stock worth $123,056,000 after buying an additional 21,733 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Vista Outdoor by 14.2% during the 4th quarter. Brown Advisory Inc. now owns 1,318,975 shares of the company’s stock valued at $39,002,000 after acquiring an additional 164,385 shares during the last quarter. Institutional investors own 90.51% of the company’s stock.

Vista Outdoor Company Profile

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.