Vista Outdoor (NYSE:VSTO) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note released on Sunday. The firm issued a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a report on Wednesday, August 7th. Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a report on Thursday, September 19th. Aegis lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Stock Performance

Shares of VSTO stock opened at $44.63 on Friday. The stock has a market capitalization of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. Vista Outdoor has a 52-week low of $26.05 and a 52-week high of $44.72. The stock’s 50-day moving average price is $43.20 and its 200 day moving average price is $39.42. 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 (NYSE:VSTO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.11. The firm had revenue of $665.92 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. As a group, equities research analysts forecast that Vista Outdoor will post 4 EPS for the current year.

Institutional Investors Weigh In On Vista Outdoor

Several institutional investors have recently modified their holdings of VSTO. Blue Trust Inc. purchased a new stake in Vista Outdoor in the 2nd quarter valued at approximately $36,000. Sound Income Strategies LLC purchased a new stake in Vista Outdoor in the 3rd quarter valued at approximately $41,000. Innealta Capital LLC purchased a new stake in Vista Outdoor in the 2nd quarter valued at approximately $76,000. Headlands Technologies LLC purchased a new stake in Vista Outdoor in the 2nd quarter valued at approximately $91,000. Finally, Priebe Wealth Holdings LLC purchased a new stake in Vista Outdoor in the 3rd quarter valued at approximately $204,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.

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.