Vista Outdoor (NYSE:VSTO) Coverage Initiated at StockNews.com

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

VSTO has been the topic of a number of other research reports. Roth Capital raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a report on Thursday, April 4th. Monness Crespi & Hardt boosted their target price on shares of Vista Outdoor from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Roth Mkm upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $31.00 to $38.00 in a research note on Thursday, April 4th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $34.67.

Vista Outdoor Stock Performance

VSTO stock opened at $35.08 on Monday. The stock’s 50 day simple moving average is $32.44 and its 200 day simple moving average is $29.41. The company has a current ratio of 2.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. Vista Outdoor has a 12-month low of $23.33 and a 12-month high of $35.41. The stock has a market capitalization of $2.04 billion, a PE ratio of -5.87 and a beta of 0.96.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.04). Vista Outdoor had a negative net margin of 12.17% and a positive return on equity of 20.00%. The business had revenue of $682.25 million for the quarter, compared to the consensus estimate of $687.85 million. As a group, research analysts forecast that Vista Outdoor will post 3.87 earnings per share for the current fiscal year.

Institutional Trading of Vista Outdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in VSTO. Fifth Third Bancorp lifted its stake in Vista Outdoor by 208.6% in the 3rd quarter. Fifth Third Bancorp now owns 969 shares of the company’s stock worth $32,000 after purchasing an additional 655 shares in the last quarter. CWM LLC lifted its position in shares of Vista Outdoor by 68.4% in the third quarter. CWM LLC now owns 997 shares of the company’s stock worth $33,000 after buying an additional 405 shares in the last quarter. Ancora Advisors LLC boosted its stake in Vista Outdoor by 162.5% during the third quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock valued at $52,000 after buying an additional 975 shares during the last quarter. NBC Securities Inc. purchased a new position in Vista Outdoor during the 3rd quarter valued at approximately $78,000. Finally, Priebe Wealth Holdings LLC bought a new stake in Vista Outdoor in the 1st quarter worth approximately $203,000. 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 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.