Vista Outdoor Inc. (NYSE:VSTO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Vista Outdoor Inc. (NYSE:VSTO) have received a consensus recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is $41.20.

VSTO has been the topic of a number of research analyst reports. B. Riley lowered 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. Aegis lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. StockNews.com initiated coverage on shares of Vista Outdoor in a research note on Friday, November 15th. They set a “buy” rating on the stock. Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Finally, Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research note on Thursday, September 19th.

Institutional Trading of Vista Outdoor

A number of large investors have recently added to or reduced their stakes in VSTO. Russell Investments Group Ltd. boosted its holdings in Vista Outdoor by 10.3% during the first quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company’s stock worth $3,003,000 after buying an additional 8,521 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Vista Outdoor by 7.4% during the first quarter. ProShare Advisors LLC now owns 11,658 shares of the company’s stock worth $382,000 after buying an additional 802 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Vista Outdoor by 21.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 20,081 shares of the company’s stock worth $658,000 after buying an additional 3,580 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Vista Outdoor by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock worth $163,325,000 after buying an additional 54,189 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Vista Outdoor by 4.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 49,885 shares of the company’s stock worth $1,635,000 after purchasing an additional 2,317 shares during the period. 90.51% of the stock is currently owned by institutional investors.

Vista Outdoor Stock Performance

Shares of VSTO stock opened at $44.23 on Wednesday. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -245.69 and a beta of 0.79. Vista Outdoor has a one year low of $25.57 and a one year high of $44.48. The company’s 50-day simple moving average is $42.44 and its 200-day simple moving average is $38.94. 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, 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 company had revenue of $665.92 million for the quarter, compared to analyst estimates of $666.72 million. During the same quarter last year, the business earned $0.96 earnings per share. Vista Outdoor’s revenue was down 1.6% compared to the same quarter last year. Equities analysts anticipate that Vista Outdoor will post 4 earnings per share for the current fiscal year.

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.