Short Interest in Vista Outdoor Inc. (NYSE:VSTO) Rises By 26.7%

Vista Outdoor Inc. (NYSE:VSTO) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 1,280,000 shares, a growth of 26.7% from the May 31st total of 1,010,000 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average daily trading volume, of 524,800 shares, the short-interest ratio is presently 2.4 days.

Analysts Set New Price Targets

VSTO has been the subject of several recent research reports. Roth Capital raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Monness Crespi & Hardt raised their target price on Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Lake Street Capital cut Vista Outdoor from a “buy” rating to a “hold” rating and upped their price target for the company from $33.00 to $37.00 in a research report on Friday, May 10th. StockNews.com assumed coverage on Vista Outdoor in a research note on Tuesday. They set a “buy” rating for the company. Finally, Roth Mkm restated a “buy” rating and issued a $40.00 target price on shares of Vista Outdoor in a research note on Wednesday, June 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.33.

Vista Outdoor Price Performance

Vista Outdoor stock traded up $0.06 on Tuesday, reaching $37.40. The company’s stock had a trading volume of 95,846 shares, compared to its average volume of 525,719. The business’s fifty day moving average price is $35.11 and its 200 day moving average price is $32.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 2.79. The company has a market cap of $2.18 billion, a price-to-earnings ratio of -339.45 and a beta of 0.86. Vista Outdoor has a twelve month low of $23.33 and a twelve month high of $38.91.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data 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 negative net margin of 0.20% and a positive return on equity of 19.75%. The firm had revenue of $693.67 million for the quarter, compared to analyst estimates of $701.43 million. During the same quarter in the prior year, the firm earned $1.08 EPS. The company’s revenue was down 6.4% on a year-over-year basis. Equities analysts expect that Vista Outdoor will post 3.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vista Outdoor

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Vista Outdoor by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock valued at $163,325,000 after purchasing an additional 54,189 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Vista Outdoor by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,161,469 shares of the company’s stock worth $123,056,000 after acquiring an additional 21,733 shares during the period. Pacer Advisors Inc. raised its position in shares of Vista Outdoor by 57.4% during 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. Brown Advisory Inc. lifted its stake in Vista Outdoor by 14.2% in the fourth quarter. Brown Advisory Inc. now owns 1,318,975 shares of the company’s stock valued at $39,002,000 after buying an additional 164,385 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Vista Outdoor by 16.6% in the 3rd quarter. American Century Companies Inc. now owns 865,399 shares of the company’s stock valued at $28,662,000 after acquiring an additional 123,307 shares during the period. Institutional investors and hedge funds 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.