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

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report report published on Monday. The firm issued a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a research note on Thursday, September 19th. Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Finally, Aegis downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Vista Outdoor presently has an average rating of “Hold” and an average price target of $41.20.

Vista Outdoor Stock Performance

NYSE:VSTO opened at $44.63 on Monday. Vista Outdoor has a 52 week low of $26.05 and a 52 week high of $44.72. The firm has a 50-day moving average price of $44.06 and a two-hundred day moving average price of $39.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -247.94 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.11. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The business had revenue of $665.92 million for the quarter, compared to analysts’ expectations of $666.72 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. On average, equities analysts expect that Vista Outdoor will post 4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

A number of institutional investors and hedge funds have recently modified their holdings of VSTO. State Street Corp increased its stake in Vista Outdoor by 1.6% in the 3rd quarter. State Street Corp now owns 2,180,898 shares of the company’s stock worth $85,448,000 after acquiring an additional 35,003 shares during the last quarter. Geode Capital Management LLC lifted its position in Vista Outdoor by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,355,917 shares of the company’s stock valued at $53,135,000 after purchasing an additional 17,621 shares during the last quarter. American Century Companies Inc. grew its stake in Vista Outdoor by 19.2% in the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock worth $50,932,000 after buying an additional 218,018 shares in the last quarter. Westchester Capital Management LLC purchased a new position in Vista Outdoor in the 3rd quarter worth approximately $34,842,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Vista Outdoor by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 871,505 shares of the company’s stock worth $34,146,000 after buying an additional 2,411 shares during the last quarter. 90.51% of the stock is 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 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.