A number of other research firms have also recently weighed in on VSTO. DA Davidson assumed coverage on Vista Outdoor in a report on Friday, October 11th. They set a “neutral” rating and a $6.50 price target for the company. Zacks Investment Research upgraded Vista Outdoor from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a report on Friday, November 8th. B. Riley set a $11.00 price target on Vista Outdoor and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Cowen reiterated a “hold” rating and set a $9.00 price target on shares of Vista Outdoor in a report on Sunday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $9.54.
NYSE VSTO opened at $9.84 on Thursday. The stock has a market cap of $558.48 million, a PE ratio of 70.29 and a beta of 0.46. The company has a current ratio of 2.79, a quick ratio of 1.48 and a debt-to-equity ratio of 1.11. Vista Outdoor has a twelve month low of $4.30 and a twelve month high of $14.04. The stock has a fifty day simple moving average of $6.74 and a 200-day simple moving average of $7.33.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Adirondack Research & Management Inc. acquired a new position in shares of Vista Outdoor in the third quarter worth $1,551,000. Russell Investments Group Ltd. raised its holdings in shares of Vista Outdoor by 39.3% in the third quarter. Russell Investments Group Ltd. now owns 195,835 shares of the company’s stock worth $1,214,000 after acquiring an additional 55,225 shares during the last quarter. State of Tennessee Treasury Department raised its holdings in shares of Vista Outdoor by 8.5% in the third quarter. State of Tennessee Treasury Department now owns 25,229 shares of the company’s stock worth $156,000 after acquiring an additional 1,983 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Vista Outdoor by 5.6% in the third quarter. Rhumbline Advisers now owns 153,429 shares of the company’s stock worth $950,000 after acquiring an additional 8,127 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Vista Outdoor by 124.9% in the third quarter. State of Alaska Department of Revenue now owns 44,299 shares of the company’s stock worth $274,000 after acquiring an additional 24,606 shares during the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.
Vista Outdoor Company Profile
Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.
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