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

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

Several other equities analysts have also recently issued reports on the stock. Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Aegis lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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 Wednesday. The stock has a market cap of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79. Vista Outdoor has a fifty-two week low of $26.05 and a fifty-two week high of $44.72. The stock has a 50 day simple moving average of $44.33 and a two-hundred day simple moving average of $40.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, topping 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 positive return on equity of 19.53% and a negative net margin of 0.34%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. On average, analysts forecast that Vista Outdoor will post 4 earnings per share for the current year.

Institutional Trading of Vista Outdoor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC purchased a new position in Vista Outdoor during the third quarter valued at $41,000. Innealta Capital LLC bought a new position in shares of Vista Outdoor during the second quarter valued at $76,000. Headlands Technologies LLC purchased a new position in shares of Vista Outdoor in the 2nd quarter worth about $91,000. Blue Trust Inc. boosted its stake in Vista Outdoor by 214.2% in the 3rd quarter. Blue Trust Inc. now owns 3,010 shares of the company’s stock worth $113,000 after purchasing an additional 2,052 shares in the last quarter. Finally, Priebe Wealth Holdings LLC bought a new position in Vista Outdoor in the 3rd quarter worth about $204,000. Hedge funds and other institutional investors 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.