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

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

Several other brokerages have also weighed in on VSTO. Lake Street Capital increased their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a hold rating in a report on Monday, July 15th. Monness Crespi & Hardt increased their price target on shares of Vista Outdoor from $37.00 to $41.00 and gave the company a buy rating in a research note on Friday, May 10th. Finally, Roth Mkm raised their target price on shares of Vista Outdoor from $40.00 to $42.00 and gave the stock a buy rating in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $41.00.

Vista Outdoor Stock Performance

NYSE VSTO opened at $38.38 on Friday. The company has a quick ratio of 1.21, a current ratio of 2.79 and a debt-to-equity ratio of 0.64. The stock has a market cap of $2.24 billion, a P/E ratio of -348.91 and a beta of 0.86. Vista Outdoor has a twelve month low of $23.33 and a twelve month high of $41.11. The company’s 50-day simple moving average is $36.72 and its 200 day simple moving average is $33.85.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $701.43 million. During the same period in the prior year, the firm earned $1.08 earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, research analysts forecast that Vista Outdoor will post 4.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vista Outdoor

Several hedge funds have recently bought and sold shares of the company. Blue Trust Inc. acquired a new stake in Vista Outdoor during the 2nd quarter worth approximately $36,000. Innealta Capital LLC bought a new stake in shares of Vista Outdoor in the 2nd quarter worth $76,000. Priebe Wealth Holdings LLC bought a new stake in shares of Vista Outdoor in the 1st quarter worth $203,000. Purus Wealth Management LLC bought a new position in Vista Outdoor during the first quarter valued at about $204,000. Finally, Highland Capital Management LLC bought a new position in Vista Outdoor during the second quarter valued at about $214,000. 90.51% of the stock is owned by 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.