StockNews.com Initiates Coverage on Vista Outdoor (NYSE:VSTO)

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

VSTO has been the topic of a number of other reports. Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research note on Thursday, September 19th. Monness Crespi & Hardt downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Aegis downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Finally, B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.20.

Vista Outdoor Price Performance

Shares of NYSE:VSTO opened at $44.42 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. Vista Outdoor has a 52 week low of $26.05 and a 52 week high of $44.48. The firm has a market cap of $2.60 billion, a PE ratio of -246.78 and a beta of 0.79. The firm’s fifty day moving average is $42.71 and its 200-day moving average is $39.12.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The firm had revenue of $665.92 million for the quarter, compared to analyst estimates of $666.72 million. During the same quarter in the previous year, the company posted $0.96 EPS. The business’s revenue was down 1.6% on a year-over-year basis. Sell-side analysts predict that Vista Outdoor will post 4 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VSTO. Blue Trust Inc. bought a new stake in shares of Vista Outdoor during the second quarter worth about $36,000. Sound Income Strategies LLC bought a new position in shares of Vista Outdoor in the third quarter valued at approximately $41,000. Innealta Capital LLC purchased a new position in shares of Vista Outdoor during the second quarter valued at approximately $76,000. Headlands Technologies LLC bought a new stake in Vista Outdoor during the second quarter worth $91,000. Finally, Priebe Wealth Holdings LLC bought a new stake in shares of Vista Outdoor in the 3rd quarter worth $204,000. Institutional investors and hedge funds 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.