Analysts Set Vista Outdoor Inc. (NYSE:VSTO) Price Target at $41.20

Shares of Vista Outdoor Inc. (NYSE:VSTO) have received an average recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have covered the stock in the last year is $41.20.

A number of brokerages have issued reports on VSTO. Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Thursday, September 19th. Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Aegis cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, StockNews.com assumed coverage on Vista Outdoor in a research note on Tuesday. They set a “buy” rating on the stock.

Institutional Investors Weigh In On Vista Outdoor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new stake in shares of Vista Outdoor during the 2nd quarter valued at $36,000. Sound Income Strategies LLC purchased a new position in Vista Outdoor during the 3rd quarter valued at about $41,000. Innealta Capital LLC bought a new stake in Vista Outdoor during the second quarter worth about $76,000. Headlands Technologies LLC purchased a new stake in Vista Outdoor in the second quarter worth about $91,000. Finally, Priebe Wealth Holdings LLC bought a new position in shares of Vista Outdoor during the third quarter valued at approximately $204,000. 90.51% of the stock is owned by hedge funds and other institutional investors.

Vista Outdoor Price Performance

VSTO opened at $44.63 on Friday. Vista Outdoor has a 12 month low of $26.05 and a 12 month high of $44.72. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $44.28 and its 200-day moving average price is $40.32. The company has a market cap of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The business had revenue of $665.92 million for the quarter, compared to analysts’ expectations of $666.72 million. During the same period in the previous year, the firm earned $0.96 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts expect that Vista Outdoor will post 4 EPS for the current year.

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.