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

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

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

Vista Outdoor Price Performance

VSTO opened at $43.97 on Wednesday. The stock has a fifty day moving average price of $41.05 and a 200 day moving average price of $37.92. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. Vista Outdoor has a 1 year low of $24.30 and a 1 year high of $44.40. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -338.23 and a beta of 0.81.

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

Institutional Trading of Vista Outdoor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Vista Outdoor by 9.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,932 shares of the company’s stock worth $981,000 after acquiring an additional 2,558 shares during the last quarter. BNP Paribas Financial Markets grew its position in Vista Outdoor by 80.3% in the 1st quarter. BNP Paribas Financial Markets now owns 41,728 shares of the company’s stock worth $1,368,000 after purchasing an additional 18,585 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Vista Outdoor during the 1st quarter worth about $2,711,000. Texas Permanent School Fund Corp raised its position in shares of Vista Outdoor by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 50,890 shares of the company’s stock valued at $1,668,000 after buying an additional 725 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Vista Outdoor by 10.3% in the first quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company’s stock valued at $3,003,000 after buying an additional 8,521 shares during the period. Institutional investors and hedge funds 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 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.