Roth Mkm Boosts Vista Outdoor (NYSE:VSTO) Price Target to $42.00

Vista Outdoor (NYSE:VSTO) had its price objective increased by investment analysts at Roth Mkm from $40.00 to $42.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price objective would suggest a potential upside of 13.39% from the company’s current price.

Other research analysts have also issued reports about the company. Roth Capital upgraded Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Lake Street Capital lowered Vista Outdoor from a “buy” rating to a “hold” rating and lifted their target price for the company from $33.00 to $37.00 in a research report on Friday, May 10th. Monness Crespi & Hardt lifted their price target on Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, StockNews.com started coverage on shares of Vista Outdoor in a research report on Tuesday, July 2nd. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $40.00.

Vista Outdoor Price Performance

Shares of VSTO traded down $0.32 on Tuesday, reaching $37.04. The stock had a trading volume of 149,089 shares, compared to its average volume of 522,333. The firm has a 50-day moving average of $35.35 and a 200 day moving average of $32.52. The firm has a market capitalization of $2.16 billion, a PE ratio of -336.55 and a beta of 0.86. The company has a quick ratio of 1.21, a current ratio of 2.79 and a debt-to-equity ratio of 0.64. Vista Outdoor has a twelve month low of $23.33 and a twelve month high of $38.91.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.99 by $0.03. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. The business had revenue of $693.67 million during the quarter, compared to analyst estimates of $701.43 million. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis. Sell-side analysts expect that Vista Outdoor will post 3.99 EPS for the current year.

Institutional Investors Weigh In On Vista Outdoor

Hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd lifted its position in Vista Outdoor by 228.0% during the 4th quarter. Quadrature Capital Ltd now owns 34,650 shares of the company’s stock worth $1,025,000 after acquiring an additional 24,087 shares in the last quarter. Gabelli Funds LLC boosted its stake in Vista Outdoor by 445.4% in the fourth quarter. Gabelli Funds LLC now owns 107,981 shares of the company’s stock valued at $3,193,000 after acquiring an additional 88,181 shares during the period. Bridgeway Capital Management LLC lifted its stake in Vista Outdoor by 19.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 469,223 shares of the company’s stock valued at $13,875,000 after buying an additional 76,353 shares during the last quarter. US Bancorp DE raised its holdings in shares of Vista Outdoor by 23.2% during the fourth quarter. US Bancorp DE now owns 71,061 shares of the company’s stock valued at $2,101,000 after buying an additional 13,373 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of Vista Outdoor in the first quarter valued at approximately $2,711,000. 90.51% of the stock is owned by institutional investors and hedge funds.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.