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

StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report issued on Thursday. The firm set a “buy” rating on the stock.

Several other brokerages have also issued reports on VSTO. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research note on Wednesday, August 7th. 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 note on Monday, July 15th. Roth Mkm increased their target price on shares of Vista Outdoor from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.20.

Vista Outdoor Trading Down 0.7 %

NYSE:VSTO opened at $39.88 on Thursday. The firm’s fifty day moving average is $38.75 and its 200-day moving average is $35.69. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80. Vista Outdoor has a 52 week low of $23.33 and a 52 week high of $41.11. The firm has a market cap of $2.33 billion, a P/E ratio of -362.55 and a beta of 0.81.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $644.18 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS. Equities analysts expect that Vista Outdoor will post 3.98 earnings per share for the current year.

Institutional Trading of Vista Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning raised its holdings in shares of Vista Outdoor by 7.8% in the second quarter. Creative Planning now owns 9,529 shares of the company’s stock valued at $359,000 after purchasing an additional 693 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Vista Outdoor in the second quarter valued at about $210,000. The Manufacturers Life Insurance Company raised its holdings in shares of Vista Outdoor by 12.6% in the second quarter. The Manufacturers Life Insurance Company now owns 31,714 shares of the company’s stock valued at $1,194,000 after purchasing an additional 3,554 shares during the last quarter. Maverick Capital Ltd. raised its holdings in shares of Vista Outdoor by 262.0% in the second quarter. Maverick Capital Ltd. now owns 36,554 shares of the company’s stock valued at $1,376,000 after purchasing an additional 26,455 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new stake in Vista Outdoor during the second quarter worth about $262,000. Hedge funds and other 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.