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

Investment analysts at StockNews.com began coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report issued to clients and investors on Friday. The firm set a “buy” rating on the stock.

VSTO has been the topic of a number of other research reports. Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. 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. B. Riley downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research note on Wednesday, August 7th. Finally, Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Five equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.20.

Vista Outdoor Stock Down 0.0 %

Shares of NYSE:VSTO opened at $44.11 on Friday. The firm has a market cap of $2.58 billion, a P/E ratio of -245.06 and a beta of 0.79. Vista Outdoor has a 12-month low of $25.25 and a 12-month high of $44.48. The business has a fifty day simple moving average of $42.08 and a 200 day simple moving average of $38.70. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. The company had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. Analysts predict that Vista Outdoor will post 3.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VSTO. Vanguard Group Inc. increased its position in shares of Vista Outdoor by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock worth $163,325,000 after acquiring an additional 54,189 shares in the last quarter. American Century Companies Inc. increased 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 purchasing an additional 218,018 shares in the last quarter. Westchester Capital Management LLC purchased a new stake in shares of Vista Outdoor in the third quarter worth approximately $34,842,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vista Outdoor by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 871,505 shares of the company’s stock valued at $34,146,000 after purchasing an additional 2,411 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Vista Outdoor by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock worth $19,160,000 after buying an additional 5,945 shares in the last quarter. 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.