Vista Outdoor (NYSE:VSTO) Earns “Buy” Rating from Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Vista Outdoor (NYSE:VSTO) in a research report released on Wednesday, Benzinga reports. They currently have a $40.00 target price on the stock.

VSTO has been the topic of a number of other reports. Lake Street Capital cut shares of Vista Outdoor from a buy rating to a hold rating and raised their price objective for the company from $33.00 to $37.00 in a research note on Friday, May 10th. StockNews.com started coverage on Vista Outdoor in a research note on Monday, June 24th. They set a buy rating for the company. Monness Crespi & Hardt increased their target price on Vista Outdoor from $37.00 to $41.00 and gave the company a buy rating in a research note on Friday, May 10th. Finally, Roth Capital upgraded Vista Outdoor from a neutral rating to a buy rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Vista Outdoor currently has a consensus rating of Moderate Buy and an average target price of $39.33.

Vista Outdoor Stock Up 0.7 %

Shares of VSTO opened at $37.65 on Wednesday. The business’s fifty day moving average price is $35.05 and its two-hundred day moving average price is $32.15. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -342.27 and a beta of 0.88. Vista Outdoor has a 52 week low of $23.33 and a 52 week high of $37.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 2.79.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.03. Vista Outdoor had a positive return on equity of 19.75% and a negative net margin of 0.20%. The business had revenue of $693.67 million for the quarter, compared to analysts’ expectations of $701.43 million. During the same quarter last year, the business earned $1.08 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, analysts predict that Vista Outdoor will post 3.99 earnings per share for the current year.

Institutional Investors Weigh In On Vista Outdoor

Hedge funds have recently modified their holdings of the business. Ancora Advisors LLC boosted its stake in Vista Outdoor by 162.5% in the 3rd quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock worth $52,000 after purchasing an additional 975 shares during the period. Priebe Wealth Holdings LLC acquired a new position in shares of Vista Outdoor during the first quarter worth about $203,000. Purus Wealth Management LLC bought a new position in shares of Vista Outdoor during the first quarter worth about $204,000. Paloma Partners Management Co acquired a new stake in Vista Outdoor in the 1st quarter valued at approximately $246,000. Finally, Kennedy Capital Management LLC lifted its stake in Vista Outdoor by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock valued at $307,000 after acquiring an additional 333 shares in the last quarter. Institutional investors and hedge funds 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 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.