Vista Outdoor Inc. (NYSE:VSTO) Sees Significant Increase in Short Interest

Vista Outdoor Inc. (NYSE:VSTO) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 2,280,000 shares, a growth of 23.9% from the October 31st total of 1,840,000 shares. Approximately 4.4% of the company’s stock are short sold. Based on an average daily volume of 719,700 shares, the days-to-cover ratio is currently 3.2 days.

Vista Outdoor Price Performance

VSTO stock remained flat at $44.63 on Monday. The stock has a 50 day moving average price of $43.20 and a two-hundred day moving average price of $39.46. Vista Outdoor has a fifty-two week low of $26.05 and a fifty-two week high of $44.72. The firm has a market capitalization of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates 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 positive return on equity of 19.53% and a negative net margin of 0.34%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. As a group, equities research analysts forecast that Vista Outdoor will post 4 earnings per share for the current year.

Hedge Funds Weigh In On Vista Outdoor

A number of institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new stake in shares of Vista Outdoor during the second quarter valued at approximately $36,000. Sound Income Strategies LLC bought a new position in shares of Vista Outdoor during the third quarter valued at $41,000. Innealta Capital LLC purchased a new stake in shares of Vista Outdoor during the second quarter valued at $76,000. Headlands Technologies LLC bought a new stake in Vista Outdoor in the 2nd quarter worth about $91,000. Finally, Priebe Wealth Holdings LLC purchased a new position in Vista Outdoor in the 3rd quarter worth about $204,000. Institutional investors own 90.51% of the company’s stock.

Wall Street Analysts Forecast Growth

VSTO has been the subject of a number of recent research reports. StockNews.com began coverage on shares of Vista Outdoor in a research note on Sunday. They set a “buy” rating for the company. Aegis downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Finally, Roth Mkm cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $41.20.

Vista Outdoor Company Profile

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.