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

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

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

Vista Outdoor Stock Performance

Vista Outdoor stock opened at $44.26 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80. The stock has a fifty day moving average of $39.77 and a two-hundred day moving average of $37.03. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of -340.46 and a beta of 0.81. Vista Outdoor has a fifty-two week low of $23.33 and a fifty-two week high of $44.40.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. The company had revenue of $644.18 million during the quarter, compared to the consensus estimate of $664.05 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. Vista Outdoor’s revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 earnings per share. On average, analysts anticipate that Vista Outdoor will post 3.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. lifted its holdings in Vista Outdoor by 19.2% during the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock worth $50,932,000 after buying an additional 218,018 shares during the last quarter. Marshall Wace LLP lifted its holdings in Vista Outdoor by 2,197.0% during the 2nd quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock worth $7,289,000 after buying an additional 185,181 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in Vista Outdoor during the 1st quarter worth approximately $2,711,000. Slotnik Capital LLC bought a new position in Vista Outdoor during the 2nd quarter worth approximately $3,012,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Vista Outdoor during the 2nd quarter worth approximately $2,948,000. Hedge funds and other 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.