StockNews.com Begins Coverage on Vista Outdoor (NYSE:VSTO)

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

Other analysts have also recently issued reports about the stock. Roth Mkm cut shares of Vista Outdoor from a buy rating to a neutral rating and set a $42.00 price objective for the company. in a research note on Thursday, September 19th. B. Riley lowered shares of Vista Outdoor from a buy rating to a neutral rating and set a $43.00 target price on the stock. in a research note on Wednesday, August 7th. Aegis upgraded shares of Vista Outdoor from a hold rating to a strong-buy rating in a research note on Wednesday, August 14th. Finally, Lake Street Capital upped their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a hold rating in a research note on Monday, July 15th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $41.20.

Vista Outdoor Trading Down 0.5 %

Shares of Vista Outdoor stock opened at $39.25 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $41.11. The company has a market capitalization of $2.29 billion, a P/E ratio of -356.82 and a beta of 0.81. The business has a 50 day moving average price of $39.03 and a 200 day moving average price of $36.08.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. The firm had revenue of $644.18 million during the quarter, compared to the consensus estimate of $664.05 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS. Sell-side analysts anticipate that Vista Outdoor will post 3.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Vista Outdoor by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock valued at $163,325,000 after buying an additional 54,189 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Vista Outdoor by 19.2% during the second quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after acquiring an additional 218,018 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Vista Outdoor by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 815,346 shares of the company’s stock valued at $24,110,000 after acquiring an additional 18,442 shares during the period. Black Diamond Capital Management L.L.C. increased its stake in shares of Vista Outdoor by 149.9% during the fourth quarter. Black Diamond Capital Management L.L.C. now owns 695,303 shares of the company’s stock valued at $20,560,000 after acquiring an additional 417,050 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Vista Outdoor by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock valued at $19,160,000 after acquiring an additional 5,945 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.