Vista Outdoor (NYSE:VSTO) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note released on Saturday. The brokerage issued a buy rating on the stock.

Several other equities research analysts have also commented 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 research note on Thursday, September 19th. Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research report on Wednesday, August 7th. Finally, Aegis downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Stock Up 0.5 %

Shares of Vista Outdoor stock opened at $44.63 on Friday. 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 has a 52-week low of $26.05 and a 52-week high of $44.72. The company has a market capitalization of $2.61 billion, a P/E ratio of -248.06 and a beta of 0.79. The company has a 50 day moving average of $42.80 and a 200 day moving average of $39.18.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The business had revenue of $665.92 million during the quarter, compared to analysts’ expectations of $666.72 million. During the same period in the previous year, the company earned $0.96 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, research analysts forecast that Vista Outdoor will post 4 EPS for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in 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 buying an additional 54,189 shares during the last quarter. State Street Corp raised its holdings in Vista Outdoor by 1.6% during the third quarter. State Street Corp now owns 2,180,898 shares of the company’s stock worth $85,448,000 after purchasing an additional 35,003 shares in the last quarter. Geode Capital Management LLC lifted its position in Vista Outdoor by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,355,917 shares of the company’s stock valued at $53,135,000 after purchasing an additional 17,621 shares during the period. American Century Companies Inc. boosted its holdings in Vista Outdoor by 19.2% in the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after purchasing an additional 218,018 shares in the last quarter. Finally, Westchester Capital Management LLC acquired a new position in Vista Outdoor during the 3rd quarter worth approximately $34,842,000. 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 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.