Vista Outdoor (NYSE:VSTO) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTO) in a report published on Saturday morning. The firm issued a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Roth Mkm lifted their target price on shares of Vista Outdoor from $40.00 to $42.00 and gave the company a buy rating in a report on Tuesday, July 9th. Monness Crespi & Hardt lifted their target price on shares of Vista Outdoor from $37.00 to $41.00 and gave the company a buy rating in a report on Friday, May 10th. Finally, Lake Street Capital lifted their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a hold rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $40.75.

Vista Outdoor Stock Up 0.1 %

Shares of NYSE VSTO opened at $38.40 on Friday. The company has a 50 day simple moving average of $36.81 and a 200-day simple moving average of $33.91. The company has a market capitalization of $2.24 billion, a P/E ratio of -349.09 and a beta of 0.86. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.79 and a quick ratio of 1.21. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $41.11.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, topping 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 negative net margin of 0.20% and a positive return on equity of 19.75%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 EPS. On average, equities research analysts predict that Vista Outdoor will post 4.07 earnings per share for the current year.

Hedge Funds Weigh In On Vista Outdoor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VSTO. Vanguard Group Inc. lifted its position in shares of Vista Outdoor by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock worth $163,325,000 after purchasing an additional 54,189 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Vista Outdoor by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,161,469 shares of the company’s stock worth $123,056,000 after purchasing an additional 21,733 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Vista Outdoor by 14.2% during the 4th quarter. Brown Advisory Inc. now owns 1,318,975 shares of the company’s stock worth $39,002,000 after purchasing an additional 164,385 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Vista Outdoor by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 815,346 shares of the company’s stock worth $24,110,000 after purchasing an additional 18,442 shares during the last quarter. Finally, Black Diamond Capital Management L.L.C. lifted its position in shares of Vista Outdoor by 149.9% during the 4th quarter. Black Diamond Capital Management L.L.C. now owns 695,303 shares of the company’s stock worth $20,560,000 after purchasing an additional 417,050 shares during the last quarter. Hedge funds and other 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 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.