Vista Outdoor (NYSE:VSTO) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a report released on Tuesday morning. The firm issued a buy rating on the stock.

Several other analysts also recently commented on VSTO. Roth Mkm downgraded 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, September 19th. Lake Street Capital boosted their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Aegis upgraded Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Finally, Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $41.20.

Vista Outdoor Trading Down 0.0 %

VSTO opened at $44.15 on Tuesday. The firm’s fifty day moving average is $40.35 and its two-hundred day moving average is $37.43. The firm has a market cap of $2.58 billion, a PE ratio of -339.92 and a beta of 0.81. Vista Outdoor has a twelve month low of $23.33 and a twelve month high of $44.40. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $644.18 million for the quarter, compared to analyst estimates of $664.05 million. During the same period in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. Equities research analysts anticipate that Vista Outdoor will post 3.98 EPS for the current year.

Hedge Funds Weigh In On Vista Outdoor

Hedge funds have recently modified their holdings of the stock. SpiderRock Advisors LLC bought a new position in Vista Outdoor in the first quarter valued at approximately $800,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Vista Outdoor by 9.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,932 shares of the company’s stock valued at $981,000 after buying an additional 2,558 shares in the last quarter. BNP Paribas Financial Markets raised 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 acquiring an additional 18,585 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in Vista Outdoor during the first quarter worth $2,711,000. Finally, Texas Permanent School Fund Corp grew its position in shares of Vista Outdoor by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 50,890 shares of the company’s stock valued at $1,668,000 after acquiring an additional 725 shares during the period. 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.