Vista Outdoor (NYSE:VSTO) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a report released on Sunday morning. The brokerage issued a buy rating on the stock.

A number of other research firms have also issued reports on VSTO. Aegis reissued a hold rating and issued a $40.00 price target on shares of Vista Outdoor in a research report on Tuesday, August 6th. B. Riley lowered shares of Vista Outdoor from a buy rating to a neutral rating and set a $43.00 target price for the company. in a research note on Wednesday, August 7th. 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 note on Tuesday, July 9th. 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 report on Friday, May 10th. Finally, Lake Street Capital boosted their target price on Vista Outdoor from $37.00 to $40.00 and gave the company a hold rating in a research note on Monday, July 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $41.20.

Vista Outdoor Stock Down 0.9 %

Shares of VSTO stock traded down $0.35 during trading hours on Friday, reaching $38.30. 154,532 shares of the stock traded hands, compared to its average volume of 562,360. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. Vista Outdoor has a 1-year low of $23.33 and a 1-year high of $41.11. The business has a fifty day moving average price of $37.05 and a 200 day moving average price of $34.11.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. The company had revenue of $644.18 million for the quarter, compared to the consensus estimate 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 revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 EPS. As a group, equities research analysts predict that Vista Outdoor will post 4.05 earnings per share for the current year.

Hedge Funds Weigh In On Vista Outdoor

Several large investors have recently bought and sold shares of the stock. Quadrature Capital Ltd grew its stake in shares of Vista Outdoor by 228.0% in the 4th 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 increased its holdings in shares of Vista Outdoor by 7.4% during the first quarter. ProShare Advisors LLC now owns 11,658 shares of the company’s stock worth $382,000 after buying an additional 802 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of Vista Outdoor by 445.4% in the fourth quarter. Gabelli Funds LLC now owns 107,981 shares of the company’s stock valued at $3,193,000 after acquiring an additional 88,181 shares during the last quarter. Bridgeway Capital Management LLC grew its position in Vista Outdoor by 19.4% during the 4th 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 last quarter. Finally, Russell Investments Group Ltd. raised its position in Vista Outdoor by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company’s stock valued at $3,003,000 after purchasing an additional 8,521 shares during the last quarter. 90.51% of the stock is currently owned by institutional investors and hedge funds.

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.