Vista Outdoor (NYSE:VSTO) Research Coverage Started at StockNews.com

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

VSTO has been the subject of a number of other research reports. Aegis reaffirmed a “hold” rating and set a $40.00 target price on shares of Vista Outdoor in a research note on Tuesday, August 6th. B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research report on Wednesday, August 7th. Monness Crespi & Hardt lifted their price objective on Vista Outdoor from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Roth Mkm raised their price target on Vista Outdoor from $40.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, Lake Street Capital upped their price target on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Vista Outdoor presently 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 $39.15 on Monday. The business’s fifty day moving average is $37.58 and its 200 day moving average is $34.60. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -355.91 and a beta of 0.86. Vista Outdoor has a twelve month low of $23.33 and a twelve month high of $41.11.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Monday, August 5th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The firm had revenue of $644.18 million for the quarter, compared to analysts’ expectations of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The company’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 EPS. Research analysts expect that Vista Outdoor will post 4.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd lifted its position in Vista Outdoor by 228.0% during the fourth quarter. Quadrature Capital Ltd now owns 34,650 shares of the company’s stock valued at $1,025,000 after purchasing an additional 24,087 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Vista Outdoor by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 11,658 shares of the company’s stock valued at $382,000 after buying an additional 802 shares during the period. Gabelli Funds LLC boosted its stake in shares of Vista Outdoor by 445.4% in the 4th quarter. Gabelli Funds LLC now owns 107,981 shares of the company’s stock worth $3,193,000 after buying an additional 88,181 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Vista Outdoor by 19.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 469,223 shares of the company’s stock worth $13,875,000 after acquiring an additional 76,353 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Vista Outdoor by 10.3% in the first quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company’s stock worth $3,003,000 after acquiring an additional 8,521 shares during the period. Hedge funds and other institutional investors own 90.51% of the company’s stock.

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.