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

Equities research analysts at StockNews.com began coverage on shares of Vista Outdoor (NYSE:VSTO) in a note issued to investors on Saturday. The brokerage set a “buy” rating on the stock.

A number of other brokerages have also recently commented on VSTO. Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Roth Mkm cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research note on Thursday, September 19th. Aegis cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Finally, B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Vista Outdoor presently has a consensus rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Stock Performance

Vista Outdoor stock opened at $44.42 on Friday. The firm has a fifty day simple moving average of $42.71 and a two-hundred day simple moving average of $39.08. Vista Outdoor has a twelve month low of $26.05 and a twelve month high of $44.48. The company has a market capitalization of $2.60 billion, a PE ratio of -246.78 and a beta of 0.79. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $665.92 million during the quarter, compared to analyst estimates of $666.72 million. During the same quarter in the previous year, the company posted $0.96 EPS. Vista Outdoor’s revenue for the quarter was down 1.6% on a year-over-year basis. Research analysts expect that Vista Outdoor will post 4 EPS for the current year.

Hedge Funds Weigh In On Vista Outdoor

Several hedge funds have recently made changes to their positions in the business. Blue Trust Inc. purchased a new stake in Vista Outdoor in the second quarter worth $36,000. Sound Income Strategies LLC purchased a new stake in Vista Outdoor in the third quarter worth $41,000. Innealta Capital LLC purchased a new stake in Vista Outdoor in the second quarter worth $76,000. Headlands Technologies LLC purchased a new stake in Vista Outdoor in the second quarter worth $91,000. Finally, Priebe Wealth Holdings LLC purchased a new stake in Vista Outdoor in the third quarter worth $204,000. 90.51% of the stock is 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 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.