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

Stock analysts at StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the stock.

Several other equities research analysts also recently commented on the company. Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research note on Thursday, September 19th. B. Riley downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research note on Wednesday, August 7th. Finally, Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.20.

Vista Outdoor Stock Down 0.1 %

NYSE:VSTO opened at $44.11 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. The firm’s 50-day moving average price is $40.46 and its 200-day moving average price is $37.50. The company has a market capitalization of $2.58 billion, a PE ratio of -339.62 and a beta of 0.81. Vista Outdoor has a 1-year low of $23.33 and a 1-year high of $44.40.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company earned $1.12 earnings per share. The business’s revenue was down 7.1% compared to the same quarter last year. On average, equities analysts predict that Vista Outdoor will post 3.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Highland Capital Management LLC grew its holdings in shares of Vista Outdoor by 11.2% in the third quarter. Highland Capital Management LLC now owns 6,307 shares of the company’s stock worth $247,000 after acquiring an additional 633 shares during the period. Blue Trust Inc. boosted its position in Vista Outdoor by 214.2% in the third quarter. Blue Trust Inc. now owns 3,010 shares of the company’s stock worth $113,000 after purchasing an additional 2,052 shares during the last quarter. Creative Planning grew its stake in shares of Vista Outdoor by 203.3% during the 3rd quarter. Creative Planning now owns 28,905 shares of the company’s stock valued at $1,132,000 after purchasing an additional 19,376 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Vista Outdoor during the 3rd quarter valued at about $41,000. Finally, Priebe Wealth Holdings LLC bought a new position in shares of Vista Outdoor in the 3rd quarter worth approximately $204,000. Institutional investors 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.