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

Analysts at StockNews.com began coverage on shares of Vista Outdoor (NYSE:VSTO) in a report released on Thursday. The firm set a “buy” rating on the stock.

A number of other equities analysts also recently issued reports on the company. Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. B. Riley cut 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 report on Wednesday, August 7th. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Finally, Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a report on Thursday, September 19th. Five investment 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 company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Trading Up 0.2 %

VSTO opened at $44.21 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. Vista Outdoor has a fifty-two week low of $24.30 and a fifty-two week high of $44.48. The company’s 50 day moving average price is $41.42 and its two-hundred day moving average price is $38.29. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -340.08 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The business 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 quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 earnings per share. As a group, research analysts predict that Vista Outdoor will post 3.98 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Vista Outdoor by 9.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,932 shares of the company’s stock valued at $981,000 after acquiring an additional 2,558 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Vista Outdoor by 80.3% during the 1st quarter. BNP Paribas Financial Markets now owns 41,728 shares of the company’s stock worth $1,368,000 after purchasing an additional 18,585 shares during the period. Texas Permanent School Fund Corp boosted its holdings in shares of Vista Outdoor by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 50,890 shares of the company’s stock worth $1,668,000 after buying an additional 725 shares during the last quarter. Russell Investments Group Ltd. grew its position in Vista Outdoor by 10.3% during the first quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company’s stock valued at $3,003,000 after buying an additional 8,521 shares during the period. Finally, ProShare Advisors LLC increased its holdings in Vista Outdoor by 7.4% during the first quarter. ProShare Advisors LLC now owns 11,658 shares of the company’s stock worth $382,000 after buying an additional 802 shares during the last quarter. 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.