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

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

Other equities research analysts also recently issued reports about the company. Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research report on Thursday, September 19th. Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. B. Riley cut 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. Finally, Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, 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 VSTO stock opened at $43.97 on Wednesday. Vista Outdoor has a 1 year low of $24.30 and a 1 year high of $44.40. The firm has a market capitalization of $2.57 billion, a PE ratio of -338.23 and a beta of 0.81. The stock has a fifty day moving average of $41.05 and a two-hundred day moving average of $37.92. 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 quarterly earnings data 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. The business had revenue of $644.18 million during the quarter, compared to the consensus estimate of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.12 earnings per share. As a group, research analysts expect that Vista Outdoor will post 3.98 EPS for the current year.

Institutional Trading of Vista Outdoor

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in Vista Outdoor in the 2nd quarter worth approximately $36,000. Sound Income Strategies LLC acquired a new stake in shares of Vista Outdoor in the third quarter worth $41,000. Innealta Capital LLC purchased a new position in shares of Vista Outdoor during the second quarter valued at $76,000. Headlands Technologies LLC acquired a new position in Vista Outdoor during the second quarter valued at $91,000. Finally, Priebe Wealth Holdings LLC purchased a new stake in Vista Outdoor in the 3rd quarter worth about $204,000. 90.51% of the stock is owned by hedge funds and other institutional investors.

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.