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

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

Several other analysts have also issued reports on VSTO. Lake Street Capital upped their price target on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, July 15th. Roth Mkm cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a report on Thursday. B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Wednesday, August 7th. Finally, Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

Vista Outdoor Stock Down 0.4 %

Shares of VSTO stock opened at $39.43 on Friday. The firm’s fifty day moving average price is $38.92 and its two-hundred day moving average price is $35.90. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $41.11. The firm has a market capitalization of $2.30 billion, a P/E ratio of -358.45 and a beta of 0.81.

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

Hedge Funds Weigh In On Vista Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in Vista Outdoor by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock valued at $582,000 after purchasing an additional 303 shares during the period. Kennedy Capital Management LLC boosted its position in shares of Vista Outdoor by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock valued at $307,000 after acquiring an additional 333 shares during the period. SummerHaven Investment Management LLC boosted its position in shares of Vista Outdoor by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company’s stock valued at $982,000 after acquiring an additional 443 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Vista Outdoor by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock valued at $1,103,000 after acquiring an additional 500 shares in the last quarter. Finally, Creative Planning increased its position in Vista Outdoor by 7.8% during the second quarter. Creative Planning now owns 9,529 shares of the company’s stock worth $359,000 after acquiring an additional 693 shares during the period. Institutional investors and hedge funds own 90.51% of the company’s stock.

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.