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

Analysts at StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report issued to clients and investors on Sunday. The brokerage set a “buy” rating on the stock.

Several other equities analysts also recently commented on VSTO. Lake Street Capital increased their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, July 15th. Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. B. Riley downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research report on Wednesday, August 7th. Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Thursday, September 19th. Finally, Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Trading Up 10.5 %

NYSE VSTO opened at $44.01 on Friday. Vista Outdoor has a 1-year low of $23.33 and a 1-year high of $44.06. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.57 billion, a PE ratio of -400.09 and a beta of 0.81. The firm’s fifty day simple moving average is $39.36 and its 200-day simple moving average is $36.63.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Monday, August 5th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. The firm had revenue of $644.18 million for the quarter, compared to the consensus estimate of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. As a group, sell-side analysts anticipate that Vista Outdoor will post 3.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. bought a new stake in shares of Vista Outdoor in the second quarter valued at about $36,000. Innealta Capital LLC bought a new stake in shares of Vista Outdoor in the second quarter valued at about $76,000. Headlands Technologies LLC bought a new stake in shares of Vista Outdoor in the second quarter valued at about $91,000. Algert Global LLC bought a new stake in shares of Vista Outdoor in the second quarter valued at about $210,000. Finally, Highland Capital Management LLC bought a new stake in shares of Vista Outdoor in the second quarter valued at about $214,000. Institutional investors own 90.51% of the company’s stock.

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.