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

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

A number of other equities analysts have also recently weighed in on VSTO. Roth Capital raised Vista Outdoor from a neutral rating to a buy rating in a report on Thursday, April 4th. Lake Street Capital lowered shares of Vista Outdoor from a buy rating to a hold rating and boosted their price objective for the stock from $33.00 to $37.00 in a report on Friday, May 10th. Roth Mkm raised shares of Vista Outdoor from a neutral rating to a buy rating and upped their price objective for the company from $31.00 to $38.00 in a research note on Thursday, April 4th. Finally, Monness Crespi & Hardt lifted their target price on shares of Vista Outdoor from $37.00 to $41.00 and gave the stock a buy rating in a research report on Friday, May 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $38.67.

Vista Outdoor Trading Up 1.2 %

Shares of Vista Outdoor stock opened at $34.90 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.79 and a quick ratio of 1.21. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $36.37. The firm has a market cap of $2.03 billion, a PE ratio of -317.27 and a beta of 0.93. The company has a 50 day simple moving average of $33.81 and a two-hundred day simple moving average of $30.69.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in Vista Outdoor by 57.4% in the 4th quarter. Pacer Advisors Inc. now owns 2,980,595 shares of the company’s stock worth $88,136,000 after acquiring an additional 1,086,671 shares during the last quarter. Cooper Creek Partners Management LLC grew its stake in shares of Vista Outdoor by 45.5% in the third quarter. Cooper Creek Partners Management LLC now owns 2,703,561 shares of the company’s stock worth $89,542,000 after purchasing an additional 844,865 shares during the last quarter. Black Diamond Capital Management L.L.C. increased its holdings 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 period. Norges Bank bought a new position in Vista Outdoor during the 4th quarter valued at approximately $9,884,000. Finally, Gates Capital Management Inc. lifted its holdings in Vista Outdoor by 5.7% in the 3rd quarter. Gates Capital Management Inc. now owns 5,785,046 shares of the company’s stock worth $191,601,000 after buying an additional 312,800 shares during the period. 90.51% of the stock is owned by hedge funds and other institutional investors.

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.