Vista Outdoor (NYSE:VSTO) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTO) in a report released on Tuesday. The brokerage set a “buy” rating on the stock.

Other research analysts have also recently issued reports about the company. Lake Street Capital cut Vista Outdoor from a “buy” rating to a “hold” rating and boosted their target price for the company from $33.00 to $37.00 in a research note on Friday, May 10th. Roth Capital upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research note on Thursday, April 4th. Roth Mkm reaffirmed a “buy” rating and set a $40.00 price objective on shares of Vista Outdoor in a research report on Wednesday, June 26th. Finally, Monness Crespi & Hardt increased their price objective on Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Vista Outdoor currently has a consensus rating of “Moderate Buy” and an average price target of $39.33.

Vista Outdoor Trading Down 0.8 %

Shares of NYSE VSTO opened at $37.34 on Tuesday. Vista Outdoor has a 1-year low of $23.33 and a 1-year 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 company has a 50-day moving average of $35.11 and a two-hundred day moving average of $32.25. The company has a market cap of $2.18 billion, a PE ratio of -339.45 and a beta of 0.86.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.03. The business had revenue of $693.67 million for the quarter, compared to analysts’ expectations of $701.43 million. Vista Outdoor had a positive return on equity of 19.75% and a negative net margin of 0.20%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 earnings per share. As a group, equities analysts expect that Vista Outdoor will post 3.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bluefin Capital Management LLC increased its stake in Vista Outdoor by 201.4% in the 1st quarter. Bluefin Capital Management LLC now owns 33,882 shares of the company’s stock valued at $1,111,000 after buying an additional 22,642 shares during the last quarter. Comerica Bank increased its holdings in Vista Outdoor by 26.9% during the 1st quarter. Comerica Bank now owns 29,277 shares of the company’s stock worth $960,000 after acquiring an additional 6,199 shares during the period. Hancock Whitney Corp raised its stake in Vista Outdoor by 20.1% in the first quarter. Hancock Whitney Corp now owns 9,721 shares of the company’s stock valued at $319,000 after purchasing an additional 1,626 shares in the last quarter. Kennedy Capital Management LLC raised its position in Vista Outdoor by 3.7% during the first quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock valued at $307,000 after purchasing an additional 333 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its position in Vista Outdoor by 7.0% during the first quarter. Bridgeway Capital Management LLC now owns 501,898 shares of the company’s stock valued at $16,452,000 after acquiring an additional 32,675 shares during the last quarter. 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 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.