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

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTOFree Report) in a research note issued to investors on Wednesday morning. The firm issued a buy rating on the stock.

A number of other brokerages have also recently issued reports on VSTO. Monness Crespi & Hardt upped their target price on shares of Vista Outdoor from $37.00 to $41.00 and gave the company a buy rating in a report on Friday, May 10th. Roth Capital raised shares of Vista Outdoor from a neutral rating to a buy rating in a report on Thursday, April 4th. Roth Mkm upped their target price on shares of Vista Outdoor from $40.00 to $42.00 and gave the company a buy rating in a report on Tuesday. Finally, Lake Street Capital cut shares of Vista Outdoor from a buy rating to a hold rating and upped their target price for the company from $33.00 to $37.00 in a report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vista Outdoor has a consensus rating of Moderate Buy and an average price target of $40.00.

Check Out Our Latest Stock Analysis on Vista Outdoor

Vista Outdoor Price Performance

VSTO opened at $37.56 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 2.79 and a debt-to-equity ratio of 0.64. Vista Outdoor has a 12 month low of $23.33 and a 12 month high of $38.91. The company has a fifty day simple moving average of $35.52 and a 200 day simple moving average of $32.70. The stock has a market cap of $2.19 billion, a P/E ratio of -341.45 and a beta of 0.86.

Vista Outdoor (NYSE:VSTOGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.03. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. The firm had revenue of $693.67 million during the quarter, compared to analyst estimates 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. On average, research analysts expect that Vista Outdoor will post 3.99 EPS for the current year.

Institutional Investors Weigh In On Vista Outdoor

Several hedge funds and other institutional investors have recently bought and sold shares of VSTO. American Century Companies Inc. grew its holdings in shares of Vista Outdoor by 16.6% during the third quarter. American Century Companies Inc. now owns 865,399 shares of the company’s stock valued at $28,662,000 after buying an additional 123,307 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Vista Outdoor by 16,623.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 13,546 shares of the company’s stock valued at $401,000 after buying an additional 13,465 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Vista Outdoor during the fourth quarter valued at about $529,000. Pacer Advisors Inc. grew its holdings in shares of Vista Outdoor by 57.4% during the fourth quarter. Pacer Advisors Inc. now owns 2,980,595 shares of the company’s stock valued at $88,136,000 after buying an additional 1,086,671 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Vista Outdoor by 172.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 471,284 shares of the company’s stock valued at $13,936,000 after buying an additional 298,199 shares during the last quarter. 90.51% of the stock is owned by institutional investors.

Vista Outdoor Company Profile

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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.

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Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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