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

Vista Outdoor Inc. (NYSE:VSTO) saw a large growth in short interest during 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. Based on an average daily volume of 719,700 shares, the days-to-cover ratio is currently 3.2 days. Approximately 4.4% of the shares of the company are sold short.

Vista Outdoor Stock Performance

Vista Outdoor stock remained flat at $44.63 during trading hours on Monday. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. Vista Outdoor has a 12 month low of $26.05 and a 12 month high of $44.72. The company has a fifty day moving average of $43.20 and a 200 day moving average of $39.46. The company has a market capitalization of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $665.92 million during the quarter, compared to analysts’ expectations of $666.72 million. During the same quarter in the prior year, the company posted $0.96 EPS. The business’s revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Vista Outdoor will post 4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research report on Thursday, September 19th. B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Wednesday, August 7th. Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Aegis downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, StockNews.com initiated coverage on shares of Vista Outdoor in a research report on Sunday. They issued a “buy” rating for the company. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $41.20.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VSTO. Blue Trust Inc. acquired a new stake in Vista Outdoor in the second quarter valued at about $36,000. Sound Income Strategies LLC bought a new position in Vista Outdoor during the third quarter worth $41,000. Innealta Capital LLC bought a new stake in shares of Vista Outdoor during the second quarter valued at approximately $76,000. Headlands Technologies LLC bought a new position in Vista Outdoor in the 2nd quarter valued at about $91,000. Finally, Priebe Wealth Holdings LLC bought a new stake in shares of Vista Outdoor in the 3rd quarter worth $204,000. 90.51% of the stock is currently 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.