Short Interest in Vista Outdoor Inc. (NYSE:VSTO) Decreases By 18.3%

Vista Outdoor Inc. (NYSE:VSTO) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 1,970,000 shares, a drop of 18.3% from the September 15th total of 2,410,000 shares. Based on an average trading volume of 701,400 shares, the short-interest ratio is currently 2.8 days. Approximately 3.8% of the company’s shares are short sold.

Vista Outdoor Stock Down 0.2 %

Shares of VSTO stock traded down $0.10 during mid-day trading on Tuesday, reaching $44.16. 799,132 shares of the company’s stock traded hands, compared to its average volume of 584,467. The company’s 50-day moving average price is $39.88 and its 200-day moving average price is $37.11. The company has a market cap of $2.58 billion, a P/E ratio of -339.69 and a beta of 0.81. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. Vista Outdoor has a 12 month low of $23.33 and a 12 month high of $44.40.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The business had revenue of $644.18 million for the quarter, compared to analyst estimates of $664.05 million. During the same quarter in the previous year, the firm posted $1.12 earnings per share. Vista Outdoor’s quarterly revenue was down 7.1% on a year-over-year basis. On average, equities analysts expect that Vista Outdoor will post 3.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VSTO shares. Aegis upgraded Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. StockNews.com assumed coverage on Vista Outdoor in a report on Monday. They set a “buy” rating for the company. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Finally, B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $41.20.

Hedge Funds Weigh In On Vista Outdoor

Several institutional investors and hedge funds have recently modified their holdings of VSTO. Blue Trust Inc. purchased a new stake in shares of Vista Outdoor during the second quarter valued at approximately $36,000. Sound Income Strategies LLC purchased a new stake in Vista Outdoor during the 3rd quarter valued at $41,000. Innealta Capital LLC bought a new stake in shares of Vista Outdoor in the 2nd quarter worth $76,000. Headlands Technologies LLC purchased a new position in shares of Vista Outdoor in the second quarter worth $91,000. Finally, Priebe Wealth Holdings LLC purchased a new position in shares of Vista Outdoor in the third quarter worth $204,000. 90.51% of the stock is currently owned by institutional investors.

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.