Vista Outdoor (NYSE:VSTO) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Vista Outdoor (NYSE:VSTO) in a report issued on Tuesday. The brokerage issued a buy rating on the stock.

A number of other equities analysts have also commented on the company. Roth Mkm lowered 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. Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating 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. Finally, Aegis downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Vista Outdoor presently has a consensus rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Stock Performance

VSTO opened at $44.63 on Tuesday. The firm has a market cap of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $44.28 and a 200-day simple moving average of $40.32. Vista Outdoor has a fifty-two week low of $26.05 and a fifty-two week high of $44.72.

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

Institutional Trading of Vista Outdoor

Institutional investors and hedge funds have recently made changes to their positions in the business. Westchester Capital Management LLC bought a new stake in shares of Vista Outdoor in the 3rd quarter valued at $34,842,000. Slotnik Capital LLC increased its position in shares of Vista Outdoor by 528.8% in the 3rd quarter. Slotnik Capital LLC now owns 503,000 shares of the company’s stock valued at $19,708,000 after buying an additional 423,000 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Vista Outdoor by 4,019.4% in the 3rd quarter. Verition Fund Management LLC now owns 316,494 shares of the company’s stock valued at $12,400,000 after buying an additional 308,811 shares in the last quarter. American Century Companies Inc. increased its position in shares of Vista Outdoor by 19.2% in the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after buying an additional 218,018 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Vista Outdoor by 2,197.0% in the 2nd quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock valued at $7,289,000 after buying an additional 185,181 shares in the last quarter. Institutional investors 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.