Vista Outdoor Inc. (NYSE:VSTO) Receives $39.33 Consensus Target Price from Brokerages

Shares of Vista Outdoor Inc. (NYSE:VSTOGet Free Report) have earned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $39.33.

VSTO has been the topic of several research analyst reports. Monness Crespi & Hardt increased their price target on shares of Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Lake Street Capital cut shares of Vista Outdoor from a “buy” rating to a “hold” rating and increased their price target for the stock from $33.00 to $37.00 in a research report on Friday, May 10th. Roth Mkm reaffirmed a “buy” rating and set a $40.00 price target on shares of Vista Outdoor in a research report on Wednesday. StockNews.com assumed coverage on shares of Vista Outdoor in a research report on Monday. They set a “buy” rating on the stock. Finally, Roth Capital upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research note on Thursday, April 4th.

View Our Latest Analysis on VSTO

Vista Outdoor Stock Performance

NYSE:VSTO opened at $37.37 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.79 and a quick ratio of 1.21. The firm has a 50-day moving average of $34.94 and a two-hundred day moving average of $32.03. The stock has a market cap of $2.18 billion, a P/E ratio of -339.73 and a beta of 0.88. Vista Outdoor has a 1-year low of $23.33 and a 1-year high of $37.79.

Vista Outdoor (NYSE:VSTOGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.02 earnings per share for the quarter, beating 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 company had revenue of $693.67 million during the quarter, compared to analysts’ expectations of $701.43 million. During the same period in the prior year, the company posted $1.08 EPS. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, research analysts expect that Vista Outdoor will post 3.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

Several large investors have recently made changes to their positions in VSTO. Ancora Advisors LLC increased its stake in shares of Vista Outdoor by 162.5% during the third quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock valued at $52,000 after acquiring an additional 975 shares during the period. Priebe Wealth Holdings LLC bought a new stake in Vista Outdoor during the first quarter worth approximately $203,000. Purus Wealth Management LLC bought a new stake in Vista Outdoor during the first quarter worth approximately $204,000. Paloma Partners Management Co bought a new stake in Vista Outdoor during the first quarter worth approximately $246,000. Finally, Kennedy Capital Management LLC boosted its holdings in Vista Outdoor by 3.7% during the first 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. Institutional investors and hedge funds own 90.51% of the company’s stock.

Vista Outdoor Company Profile

(Get Free Report

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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