Vista Outdoor Inc. (NYSE:VSTO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Vista Outdoor Inc. (NYSE:VSTO) have received an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $41.20.

VSTO has been the subject of a number of research reports. Lake Street Capital boosted their price target on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research 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 target price for the company. in a report on Wednesday, August 7th. StockNews.com assumed coverage on shares of Vista Outdoor in a report on Thursday. They issued a “buy” rating for the company. Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Finally, Roth Mkm upped their target price on shares of Vista Outdoor from $40.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, July 9th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in Vista Outdoor during the second quarter worth about $36,000. Innealta Capital LLC acquired a new position in Vista Outdoor during the second quarter worth about $76,000. Headlands Technologies LLC acquired a new position in Vista Outdoor during the second quarter worth about $91,000. Priebe Wealth Holdings LLC acquired a new position in Vista Outdoor during the first quarter worth about $203,000. Finally, Purus Wealth Management LLC acquired a new position in Vista Outdoor during the first quarter worth about $204,000. 90.51% of the stock is owned by hedge funds and other institutional investors.

Vista Outdoor Price Performance

Shares of VSTO opened at $40.15 on Friday. Vista Outdoor has a 1-year low of $23.33 and a 1-year high of $41.11. The stock has a market cap of $2.34 billion, a PE ratio of -365.00 and a beta of 0.81. 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 firm has a fifty day moving average price of $38.69 and a 200 day moving average price of $35.62.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $644.18 million during the quarter, compared to analysts’ expectations of $664.05 million. During the same period in the previous year, the company earned $1.12 earnings per share. Vista Outdoor’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vista Outdoor will post 3.98 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 Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.