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

StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note issued to investors on Tuesday morning. The brokerage issued a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Roth Mkm cut 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. Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Lake Street Capital increased their price objective on Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a report on Monday, July 15th. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Finally, B. Riley downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Wednesday, August 7th. Five 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $41.20.

Vista Outdoor Stock Performance

Shares of VSTO stock opened at $43.94 on Tuesday. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of -337.96 and a beta of 0.81. Vista Outdoor has a 52-week low of $24.30 and a 52-week high of $44.40. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $40.76 and its 200 day moving average is $37.66.

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, beating analysts’ consensus estimates of $0.97 by $0.04. The business had revenue of $644.18 million for 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%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same period last year, the business posted $1.12 EPS. On average, sell-side analysts anticipate that Vista Outdoor will post 3.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

A number of large investors have recently bought and sold shares of the company. ProShare Advisors LLC lifted its stake in Vista Outdoor by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 11,658 shares of the company’s stock valued at $382,000 after acquiring an additional 802 shares during the period. Curated Wealth Partners LLC boosted its holdings in Vista Outdoor by 97.0% in the third quarter. Curated Wealth Partners LLC now owns 52,924 shares of the company’s stock valued at $2,074,000 after purchasing an additional 26,054 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Vista Outdoor by 10.3% in the first quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company’s stock valued at $3,003,000 after purchasing an additional 8,521 shares during the last quarter. BNP Paribas Financial Markets grew its position in 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. Finally, Marshall Wace LLP raised its stake in shares of Vista Outdoor by 2,197.0% during the 2nd quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock valued at $7,289,000 after buying an additional 185,181 shares during the last quarter. Hedge funds and other 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.