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

StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note issued to investors on Saturday. The brokerage set a “buy” rating on the stock.

Other equities research analysts have also issued research reports about the stock. Lake Street Capital lifted their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Wednesday, August 7th. Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Finally, Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research report on Thursday, September 19th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

Vista Outdoor Trading Up 0.5 %

Vista Outdoor stock opened at $39.33 on Friday. The company’s fifty day simple moving average is $39.16 and its 200-day simple moving average is $36.23. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. Vista Outdoor has a 12 month low of $23.33 and a 12 month high of $41.11. The stock has a market cap of $2.30 billion, a P/E ratio of -357.55 and a beta of 0.81.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Creative Planning increased its stake in 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 acquiring an additional 693 shares during the period. Algert Global LLC bought a new stake in Vista Outdoor during the second quarter worth about $210,000. The Manufacturers Life Insurance Company grew its stake in Vista Outdoor by 12.6% during the second quarter. The Manufacturers Life Insurance Company now owns 31,714 shares of the company’s stock worth $1,194,000 after buying an additional 3,554 shares during the last quarter. Maverick Capital Ltd. grew its stake in Vista Outdoor by 262.0% during the second quarter. Maverick Capital Ltd. now owns 36,554 shares of the company’s stock worth $1,376,000 after buying an additional 26,455 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C bought a new stake in Vista Outdoor during the second quarter worth about $262,000. 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.