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

StockNews.com assumed coverage on shares of Vista Outdoor (NYSE:VSTO) in a report issued on Sunday morning. The brokerage issued a buy rating on the stock.

Several other analysts also recently weighed in on VSTO. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Aegis cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research note on Thursday, September 19th. B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a report on Wednesday, August 7th. Finally, Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.20.

Vista Outdoor Stock Performance

Shares of NYSE:VSTO opened at $44.63 on Friday. The stock has a 50 day moving average of $43.30 and a 200 day moving average of $39.53. 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 company has a market cap of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. Vista Outdoor has a 12-month low of $26.05 and a 12-month high of $44.72.

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

Hedge Funds Weigh In On Vista Outdoor

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Vista Outdoor by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,387 shares of the company’s stock worth $734,000 after acquiring an additional 2,084 shares in the last quarter. Comerica Bank boosted its stake in Vista Outdoor by 26.9% during the 1st quarter. Comerica Bank now owns 29,277 shares of the company’s stock valued at $960,000 after purchasing an additional 6,199 shares during the period. Curated Wealth Partners LLC grew its position in Vista Outdoor by 200.0% in the 2nd quarter. Curated Wealth Partners LLC now owns 26,870 shares of the company’s stock worth $1,012,000 after purchasing an additional 53,740 shares during the last quarter. Blue Trust Inc. acquired a new position in shares of Vista Outdoor during the second quarter worth approximately $36,000. Finally, Neo Ivy Capital Management bought a new stake in Vista Outdoor during the 2nd quarter valued at $619,000. 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.