Vista Outdoor’s (VSTO) Hold Rating Reiterated at Aegis

Aegis reissued their hold rating on shares of Vista Outdoor (NYSE:VSTO) in a research note released on Tuesday, MarketBeat reports. They currently have a $40.00 price target on the stock.

VSTO has been the subject of a number of other reports. Monness Crespi & Hardt increased their price target on shares of Vista Outdoor from $37.00 to $41.00 and gave the stock a buy rating in a research note on Friday, May 10th. Roth Mkm raised their target price on Vista Outdoor from $40.00 to $42.00 and gave the company a buy rating in a research note on Tuesday, July 9th. Lake Street Capital upped 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. Finally, StockNews.com started coverage on Vista Outdoor in a research report on Saturday, August 3rd. They set a buy rating for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $41.20.

Vista Outdoor Price Performance

Shares of VSTO stock opened at $38.62 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.21 and a current ratio of 2.80. Vista Outdoor has a fifty-two week low of $23.33 and a fifty-two week high of $41.11. The firm has a market cap of $2.25 billion, a P/E ratio of -351.05 and a beta of 0.86. The business’s 50 day moving average price is $36.98 and its 200-day moving average price is $33.97.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The company had revenue of $644.18 million during the quarter, compared to analyst estimates of $664.05 million. During the same quarter last year, the firm posted $1.12 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis. On average, equities research analysts anticipate that Vista Outdoor will post 4.07 earnings per share for the current year.

Hedge Funds Weigh In On Vista Outdoor

Several institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. boosted its stake in Vista Outdoor by 19.2% in the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock worth $50,932,000 after purchasing an additional 218,018 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Vista Outdoor in the second quarter worth approximately $91,000. Texas Permanent School Fund Corp grew its holdings in shares of Vista Outdoor by 9.7% during the second quarter. Texas Permanent School Fund Corp now owns 55,812 shares of the company’s stock valued at $2,101,000 after buying an additional 4,922 shares during the last quarter. Quest Partners LLC increased its position in shares of Vista Outdoor by 66,716.7% during the second quarter. Quest Partners LLC now owns 12,027 shares of the company’s stock valued at $453,000 after acquiring an additional 12,009 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Vista Outdoor by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock worth $582,000 after acquiring an additional 303 shares during the last quarter. 90.51% of the stock is currently 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.