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

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

Other analysts have also issued reports about the company. Lake Street Capital raised their price target on Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, July 15th. Roth Mkm upped their price target on shares of Vista Outdoor from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Roth Capital upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a report on Thursday, April 4th. Finally, Monness Crespi & Hardt upped their price objective on Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 10th. One 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.com, Vista Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Vista Outdoor Stock Up 1.9 %

VSTO opened at $38.61 on Friday. The business’s fifty day simple moving average is $36.10 and its 200 day simple moving average is $33.34. Vista Outdoor has a 52 week low of $23.33 and a 52 week high of $38.91. The firm has a market cap of $2.25 billion, a P/E ratio of -351.00 and a beta of 0.86. The company has a quick ratio of 1.21, a current ratio of 2.79 and a debt-to-equity ratio of 0.64.

Vista Outdoor (NYSE:VSTO) last issued 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. The business had revenue of $693.67 million during the quarter, compared to the consensus estimate of $701.43 million. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. As a group, equities research analysts anticipate that Vista Outdoor will post 4.07 EPS for the current fiscal year.

Institutional Trading of Vista Outdoor

A number of institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. purchased a new position in Vista Outdoor in the 2nd quarter worth approximately $36,000. Priebe Wealth Holdings LLC purchased a new position in shares of Vista Outdoor in the first quarter valued at $203,000. Purus Wealth Management LLC acquired a new stake in Vista Outdoor during the 1st quarter valued at $204,000. Highland Capital Management LLC purchased a new stake in Vista Outdoor during the 2nd quarter worth $214,000. Finally, Paloma Partners Management Co acquired a new position in Vista Outdoor in the 1st quarter worth $246,000. 90.51% of the stock is owned by hedge funds and other institutional investors.

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.