Vista Outdoor (NYSE:VSTO) Now Covered by Analysts at StockNews.com

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

VSTO has been the subject of several other reports. Roth Mkm raised their price objective on Vista Outdoor from $40.00 to $42.00 and gave the stock a buy rating in a research report on Tuesday, July 9th. 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 report on Friday, May 10th. Lake Street Capital boosted their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a hold rating in a research report on Monday, July 15th. B. Riley downgraded 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 report on Wednesday, August 7th. Finally, Aegis upgraded shares of Vista Outdoor from a hold rating to a strong-buy rating in a report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $41.20.

Vista Outdoor Stock Down 1.4 %

VSTO stock opened at $38.31 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. The firm has a market capitalization of $2.24 billion, a P/E ratio of -348.27 and a beta of 0.81. Vista Outdoor has a 52-week low of $23.33 and a 52-week high of $41.11. The company’s 50 day simple moving average is $38.56 and its 200-day simple moving average is $35.37.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. As a group, equities research analysts anticipate that Vista Outdoor will post 3.98 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VSTO. Vanguard Group Inc. lifted its stake in shares of Vista Outdoor by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock valued at $163,325,000 after purchasing an additional 54,189 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Vista Outdoor by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,161,469 shares of the company’s stock worth $123,056,000 after buying an additional 21,733 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Vista Outdoor by 19.2% in the second quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock worth $50,932,000 after buying an additional 218,018 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Vista Outdoor by 14.2% during the 4th quarter. Brown Advisory Inc. now owns 1,318,975 shares of the company’s stock worth $39,002,000 after acquiring an additional 164,385 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Vista Outdoor by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 815,346 shares of the company’s stock valued at $24,110,000 after acquiring an additional 18,442 shares during the last quarter. Institutional investors and hedge funds 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.