Vista Outdoor (NYSE:VSTO) Earns Buy Rating from Analysts at StockNews.com

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

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

Vista Outdoor Price Performance

NYSE VSTO opened at $44.63 on Friday. 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 has a 1 year low of $26.05 and a 1 year high of $44.72. The stock has a market capitalization of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79. The business’s fifty day moving average is $43.30 and its two-hundred day moving average is $39.53.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $665.92 million for the quarter, compared to the consensus estimate of $666.72 million. During the same period in the prior year, the business posted $0.96 earnings per share. Vista Outdoor’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts forecast that Vista Outdoor will post 4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. State Street Corp raised its position in Vista Outdoor by 1.6% in the 3rd quarter. State Street Corp now owns 2,180,898 shares of the company’s stock worth $85,448,000 after purchasing an additional 35,003 shares during the period. Geode Capital Management LLC boosted its holdings in Vista Outdoor by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,355,917 shares of the company’s stock valued at $53,135,000 after acquiring an additional 17,621 shares in the last quarter. American Century Companies Inc. increased its position 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 buying an additional 218,018 shares during the period. Westchester Capital Management LLC bought a new position in shares of Vista Outdoor in the 3rd quarter worth approximately $34,842,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Vista Outdoor by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 871,505 shares of the company’s stock valued at $34,146,000 after buying an additional 2,411 shares during the period. 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.