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

Stock analysts at StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a report issued on Tuesday. The brokerage set a “buy” rating on the stock.

VSTO has been the subject of several other reports. Roth Capital raised Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Roth Mkm reiterated a “buy” rating and set a $40.00 price target on shares of Vista Outdoor in a research report on Wednesday, June 26th. Monness Crespi & Hardt lifted their price target on Vista Outdoor from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Lake Street Capital cut 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 report on Friday, May 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

Vista Outdoor Stock Performance

Shares of VSTO stock opened at $37.40 on Tuesday. The business’s 50 day simple moving average is $35.21 and its 200 day simple moving average is $32.34. Vista Outdoor has a one year low of $23.33 and a one year high of $38.91. The stock has a market capitalization of $2.18 billion, a PE ratio of -340.00 and a beta of 0.86. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.79 and a quick ratio of 1.21.

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, topping analysts’ consensus estimates 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 firm had revenue of $693.67 million for the quarter, compared to analysts’ expectations of $701.43 million. During the same period in the prior year, the business earned $1.08 EPS. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, research analysts forecast that Vista Outdoor will post 3.99 earnings per share for the current year.

Institutional Investors Weigh In On Vista Outdoor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSTO. Bluefin Capital Management LLC raised its stake in shares of Vista Outdoor by 201.4% during the 1st quarter. Bluefin Capital Management LLC now owns 33,882 shares of the company’s stock valued at $1,111,000 after buying an additional 22,642 shares during the last quarter. Comerica Bank increased its stake in Vista Outdoor by 26.9% during the 1st quarter. Comerica Bank now owns 29,277 shares of the company’s stock worth $960,000 after buying an additional 6,199 shares in the last quarter. Hancock Whitney Corp increased its stake in Vista Outdoor by 20.1% during the 1st quarter. Hancock Whitney Corp now owns 9,721 shares of the company’s stock worth $319,000 after buying an additional 1,626 shares in the last quarter. Kennedy Capital Management LLC increased its stake in Vista Outdoor by 3.7% during the 1st quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock worth $307,000 after buying an additional 333 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Vista Outdoor by 7.0% during the 1st quarter. Bridgeway Capital Management LLC now owns 501,898 shares of the company’s stock worth $16,452,000 after purchasing an additional 32,675 shares during the last quarter. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

About Vista Outdoor

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.