StockNews.com Initiates Coverage on Vista Outdoor (NYSE:VSTO)

Stock analysts at StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note issued on Thursday. The brokerage set a “buy” rating on the stock.

Other analysts have also issued reports about the stock. Monness Crespi & Hardt upped their price objective on shares of Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Roth Mkm raised Vista Outdoor from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.00 to $38.00 in a research report on Thursday, April 4th. Roth Capital raised Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, Lake Street Capital downgraded Vista Outdoor from a “buy” rating to a “hold” rating and raised their price objective for the company from $33.00 to $37.00 in a research report on Friday, May 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.67.

Vista Outdoor Price Performance

Vista Outdoor stock opened at $34.90 on Thursday. 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 stock has a market cap of $2.03 billion, a price-to-earnings ratio of -317.27 and a beta of 0.93. The firm has a 50-day moving average of $33.81 and a two-hundred day moving average of $30.62. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $36.37.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.03. The firm had revenue of $693.67 million during the quarter, compared to analyst estimates of $701.43 million. Vista Outdoor had a positive return on equity of 19.75% and a negative net margin of 0.20%. Vista Outdoor’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, research analysts forecast that Vista Outdoor will post 3.99 earnings per share for the current year.

Institutional Investors Weigh In On Vista Outdoor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased 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 acquiring an additional 1,086,671 shares in the last quarter. Cooper Creek Partners Management LLC raised its holdings in shares of Vista Outdoor by 45.5% in the third quarter. Cooper Creek Partners Management LLC now owns 2,703,561 shares of the company’s stock worth $89,542,000 after buying an additional 844,865 shares during the last quarter. Black Diamond Capital Management L.L.C. lifted its stake in shares of Vista Outdoor by 149.9% during the fourth quarter. Black Diamond Capital Management L.L.C. now owns 695,303 shares of the company’s stock worth $20,560,000 after buying an additional 417,050 shares during the period. Norges Bank acquired a new stake in shares of Vista Outdoor during the fourth quarter worth $9,884,000. Finally, Gates Capital Management Inc. grew its holdings in shares of Vista Outdoor by 5.7% during the third quarter. Gates Capital Management Inc. now owns 5,785,046 shares of the company’s stock valued at $191,601,000 after buying an additional 312,800 shares during the last quarter. 90.51% of the stock is currently owned by hedge funds and other 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 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.