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

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

VSTO has been the subject of a number of other research reports. B. Riley lowered shares of Vista Outdoor from a buy rating to a neutral rating and set a $43.00 target price on the stock. in a research report on Wednesday, August 7th. Aegis raised shares of Vista Outdoor from a hold rating to a strong-buy rating in a report on Wednesday, August 14th. Lake Street Capital increased their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a hold rating in a report on Monday, July 15th. Finally, Roth Mkm lowered Vista Outdoor from a buy rating to a neutral rating and set a $42.00 price target on the stock. in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $41.20.

Vista Outdoor Stock Performance

Shares of VSTO opened at $39.45 on Friday. The stock has a market capitalization of $2.30 billion, a P/E ratio of -358.64 and a beta of 0.81. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $41.11. The company’s fifty day moving average is $38.99 and its two-hundred day moving average is $36.03.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The firm had revenue of $644.18 million during the quarter, compared to analysts’ expectations of $664.05 million. During the same period in the prior year, the company posted $1.12 earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, sell-side analysts predict that Vista Outdoor will post 3.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd increased its position in Vista Outdoor by 228.0% during the 4th quarter. Quadrature Capital Ltd now owns 34,650 shares of the company’s stock worth $1,025,000 after purchasing an additional 24,087 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Vista Outdoor by 7.4% in the first 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 last quarter. Bridgeway Capital Management LLC raised its position 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 valued at $13,875,000 after buying an additional 76,353 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Vista Outdoor by 445.4% during the fourth quarter. Gabelli Funds LLC now owns 107,981 shares of the company’s stock valued at $3,193,000 after buying an additional 88,181 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in Vista Outdoor by 10.3% during 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 last quarter. 90.51% of the stock is currently owned by institutional investors and hedge funds.

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.