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

StockNews.com assumed coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report sent to investors on Friday. The brokerage issued a buy rating on the stock.

Several other research firms have also recently commented on VSTO. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a research note on Wednesday, August 7th. Roth Mkm lowered 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. Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Finally, Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Vista Outdoor has an average rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Stock Performance

NYSE VSTO opened at $44.11 on Friday. 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 has a fifty-two week low of $25.25 and a fifty-two week high of $44.48. The business has a fifty day moving average of $42.20 and a 200-day moving average of $38.82. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of -245.06 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The firm had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. During the same quarter in the previous year, the company posted $0.96 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, analysts predict that Vista Outdoor will post 4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vista Outdoor

Large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its position in Vista Outdoor by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,355,917 shares of the company’s stock worth $53,135,000 after purchasing an additional 17,621 shares in the last quarter. Tenzing Global Management LLC grew its stake in Vista Outdoor by 7.7% during the third quarter. Tenzing Global Management LLC now owns 350,000 shares of the company’s stock worth $13,713,000 after buying an additional 25,000 shares during the period. State Street Corp increased its position in shares of Vista Outdoor by 1.6% in the third quarter. State Street Corp now owns 2,180,898 shares of the company’s stock worth $85,448,000 after acquiring an additional 35,003 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Vista Outdoor by 23.5% in the 3rd quarter. HighTower Advisors LLC now owns 11,259 shares of the company’s stock valued at $442,000 after acquiring an additional 2,140 shares during the period. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Vista Outdoor by 11,040.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 13,034 shares of the company’s stock valued at $511,000 after acquiring an additional 12,917 shares in the last quarter. 90.51% of the stock is currently 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.