Vista Outdoor Inc. (NYSE:VSTO) Receives Average Rating of “Hold” from Brokerages

Vista Outdoor Inc. (NYSE:VSTO) has received an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $41.20.

Several brokerages have commented on VSTO. 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 report on Thursday, September 19th. Lake Street Capital upped their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, StockNews.com began coverage on Vista Outdoor in a research report on Tuesday. They set a “buy” rating on the stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Highland Capital Management LLC lifted its holdings in shares of Vista Outdoor by 11.2% in the third quarter. Highland Capital Management LLC now owns 6,307 shares of the company’s stock valued at $247,000 after purchasing an additional 633 shares in the last quarter. Blue Trust Inc. lifted its stake in Vista Outdoor by 214.2% during the 3rd quarter. Blue Trust Inc. now owns 3,010 shares of the company’s stock valued at $113,000 after acquiring an additional 2,052 shares in the last quarter. Creative Planning boosted its holdings in Vista Outdoor by 203.3% during the 3rd quarter. Creative Planning now owns 28,905 shares of the company’s stock worth $1,132,000 after acquiring an additional 19,376 shares during the last quarter. Sound Income Strategies LLC bought a new stake in shares of Vista Outdoor in the 3rd quarter worth $41,000. Finally, Priebe Wealth Holdings LLC purchased a new stake in shares of Vista Outdoor in the third quarter valued at about $204,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Vista Outdoor Stock Up 0.2 %

Shares of VSTO opened at $43.94 on Friday. 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 52 week low of $24.30 and a 52 week high of $44.40. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -337.96 and a beta of 0.81. The stock has a fifty day moving average of $40.76 and a 200-day moving average of $37.66.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $644.18 million during the quarter, compared to analyst estimates of $664.05 million. During the same quarter last year, the business earned $1.12 EPS. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Vista Outdoor will post 3.98 earnings per share for the current fiscal year.

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.