Vista Outdoor Inc. (NYSE:VSTO) Short Interest Update

Vista Outdoor Inc. (NYSE:VSTO) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,280,000 shares, a growth of 23.9% from the October 31st total of 1,840,000 shares. Approximately 4.4% of the company’s stock are short sold. Based on an average daily trading volume, of 719,700 shares, the days-to-cover ratio is presently 3.2 days.

Vista Outdoor Stock Performance

NYSE VSTO remained flat at $44.63 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. The company has a fifty day moving average of $43.20 and a 200-day moving average of $39.46. Vista Outdoor has a fifty-two week low of $26.05 and a fifty-two week high of $44.72. The company has a market cap of $2.61 billion, a price-to-earnings ratio of -247.94 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The firm had revenue of $665.92 million for the quarter, compared to analyst estimates of $666.72 million. During the same period in the prior year, the firm posted $0.96 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts anticipate that Vista Outdoor will post 4 earnings per share for the current year.

Analyst Upgrades and Downgrades

VSTO has been the subject of several research analyst reports. Roth Mkm cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a report on Thursday, September 19th. StockNews.com began coverage on shares of Vista Outdoor in a report on Sunday. They set a “buy” rating for the company. Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Finally, B. Riley cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.20.

Hedge Funds Weigh In On Vista Outdoor

Several large investors have recently modified their holdings of VSTO. Blue Trust Inc. acquired a new stake in Vista Outdoor during the second quarter worth about $36,000. Sound Income Strategies LLC bought a new position in Vista Outdoor in the 3rd quarter valued at approximately $41,000. Innealta Capital LLC bought a new position in Vista Outdoor in the 2nd quarter valued at approximately $76,000. Headlands Technologies LLC bought a new position in Vista Outdoor during the 2nd quarter worth approximately $91,000. Finally, Priebe Wealth Holdings LLC bought a new position in Vista Outdoor during the 3rd quarter worth approximately $204,000. 90.51% of the stock is owned by institutional investors.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.