Vista Outdoor (NYSE:VSTO) Coverage Initiated at StockNews.com

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

Several other equities analysts have also recently weighed in on VSTO. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research note on Wednesday, August 7th. Lake Street Capital lifted their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Finally, Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Vista Outdoor presently has a consensus rating of “Hold” and an average target price of $41.20.

Vista Outdoor Trading Down 0.1 %

Shares of NYSE VSTO opened at $44.10 on Thursday. 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 $24.30 and a 12 month high of $44.48. The company has a market cap of $2.57 billion, a price-to-earnings ratio of -245.00 and a beta of 0.79. The business has a fifty day simple moving average of $41.69 and a 200-day simple moving average of $38.44.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, beating 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 negative net margin of 0.34% and a positive return on equity of 19.96%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 earnings per share. Sell-side analysts predict that Vista Outdoor will post 3.98 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ProShare Advisors LLC raised its holdings in Vista Outdoor by 7.4% during the first quarter. ProShare Advisors LLC now owns 11,658 shares of the company’s stock valued at $382,000 after buying an additional 802 shares in the last quarter. Curated Wealth Partners LLC raised its stake in shares of Vista Outdoor by 97.0% in the 3rd quarter. Curated Wealth Partners LLC now owns 52,924 shares of the company’s stock valued at $2,074,000 after acquiring an additional 26,054 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Vista Outdoor by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company’s stock worth $3,003,000 after purchasing an additional 8,521 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Vista Outdoor by 80.3% during the first quarter. BNP Paribas Financial Markets now owns 41,728 shares of the company’s stock worth $1,368,000 after purchasing an additional 18,585 shares during the period. Finally, Marshall Wace LLP grew its holdings in Vista Outdoor by 2,197.0% during the second quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock valued at $7,289,000 after purchasing an additional 185,181 shares during the last quarter. Institutional investors own 90.51% of the company’s stock.

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.