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

Equities research analysts at StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note issued to investors on Monday. The firm set a “buy” rating on the stock.

VSTO has been the subject of a number of other reports. Monness Crespi & Hardt raised their price target on Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Roth Capital raised Vista Outdoor from a “neutral” rating to a “buy” rating in a report on Thursday, April 4th. Roth Mkm raised their price target on Vista Outdoor from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Finally, Lake Street Capital lowered Vista Outdoor from a “buy” rating to a “hold” rating and lifted their price objective for the company from $33.00 to $37.00 in a research note on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.33.

Vista Outdoor Stock Performance

NYSE:VSTO opened at $33.77 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.79 and a quick ratio of 1.21. The business has a fifty day simple moving average of $34.74 and a two-hundred day simple moving average of $31.96. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $37.05. The company has a market capitalization of $1.97 billion, a P/E ratio of -307.00 and a beta of 0.88.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.03. Vista Outdoor had a positive return on equity of 19.75% and a negative net margin of 0.20%. The firm had revenue of $693.67 million during the quarter, compared to analyst estimates of $701.43 million. During the same period last year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts expect that Vista Outdoor will post 3.99 earnings per share for the current year.

Institutional Investors Weigh In On Vista Outdoor

A number of hedge funds and other institutional investors have recently modified their holdings of VSTO. Pacer Advisors Inc. lifted its stake in shares of Vista Outdoor by 57.4% in the 4th quarter. Pacer Advisors Inc. now owns 2,980,595 shares of the company’s stock valued at $88,136,000 after acquiring an additional 1,086,671 shares during the last quarter. Black Diamond Capital Management L.L.C. raised its position in Vista Outdoor by 149.9% during the 4th quarter. Black Diamond Capital Management L.L.C. now owns 695,303 shares of the company’s stock valued at $20,560,000 after purchasing an additional 417,050 shares during the last quarter. Norges Bank bought a new position in Vista Outdoor during the 4th quarter valued at approximately $9,884,000. Gates Capital Management Inc. raised its position in Vista Outdoor by 5.7% during the 3rd quarter. Gates Capital Management Inc. now owns 5,785,046 shares of the company’s stock valued at $191,601,000 after purchasing an additional 312,800 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Vista Outdoor by 172.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 471,284 shares of the company’s stock valued at $13,936,000 after purchasing an additional 298,199 shares during the last quarter. 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 company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.