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

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a report released on Wednesday morning. The firm issued a buy rating on the stock.

A number of other analysts have also commented on VSTO. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Aegis lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research report on Thursday, September 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Stock Performance

NYSE:VSTO opened at $44.63 on Wednesday. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79. The firm has a 50-day moving average price of $44.34 and a two-hundred day moving average price of $40.69. Vista Outdoor has a twelve month low of $26.05 and a twelve month high of $44.72.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. The business had revenue of $665.92 million during the quarter, compared to analysts’ expectations of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS. As a group, research analysts expect that Vista Outdoor will post 4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Arizona State Retirement System increased its position in Vista Outdoor by 2.0% during the second quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock worth $582,000 after purchasing an additional 303 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Vista Outdoor by 3.6% during the 3rd quarter. Natixis Advisors LLC now owns 11,369 shares of the company’s stock valued at $445,000 after buying an additional 394 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Vista Outdoor by 1.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,501 shares of the company’s stock worth $960,000 after buying an additional 400 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Vista Outdoor by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock worth $1,103,000 after buying an additional 500 shares during the period. Finally, Highland Capital Management LLC boosted its holdings in Vista Outdoor by 11.2% in the third quarter. Highland Capital Management LLC now owns 6,307 shares of the company’s stock valued at $247,000 after acquiring an additional 633 shares during the last quarter. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

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.