StockNews.com Begins Coverage on Vista Outdoor (NYSE:VSTO)

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

A number of other brokerages have also issued reports on VSTO. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research report on Thursday, September 19th. Finally, B. Riley cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Vista Outdoor presently has a consensus rating of “Hold” and an average target price of $41.20.

Vista Outdoor Stock Down 0.0 %

Shares of Vista Outdoor stock opened at $44.10 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26. Vista Outdoor has a 1-year low of $25.57 and a 1-year high of $44.48. The business’s fifty day moving average price is $42.33 and its two-hundred day moving average price is $38.88. The company has a market capitalization of $2.58 billion, a P/E ratio of -245.00 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. The business had revenue of $665.92 million for the quarter, compared to analysts’ expectations of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. As a group, research analysts forecast that Vista Outdoor will post 4 EPS for the current year.

Hedge Funds Weigh In On Vista Outdoor

A number of institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System boosted its holdings in shares of Vista Outdoor by 2.0% in the second quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock worth $582,000 after buying an additional 303 shares during the period. Kennedy Capital Management LLC boosted its stake in Vista Outdoor by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock worth $307,000 after purchasing an additional 333 shares during the period. Natixis Advisors LLC grew its position in Vista Outdoor by 3.6% during the 3rd quarter. Natixis Advisors LLC now owns 11,369 shares of the company’s stock worth $445,000 after purchasing an additional 394 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Vista Outdoor by 1.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,501 shares of the company’s stock valued at $960,000 after purchasing an additional 400 shares during the period. Finally, SummerHaven Investment Management LLC lifted its holdings in shares of Vista Outdoor by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company’s stock valued at $982,000 after purchasing an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Vista Outdoor Company Profile

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.