Vista Outdoor (NYSE:VSTO) Earns Buy Rating from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTO) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the stock.

A number of other brokerages have also issued reports on VSTO. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Aegis lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Finally, Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Thursday, September 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Stock Performance

Vista Outdoor stock opened at $44.63 on Tuesday. The firm’s 50 day moving average price is $44.29 and its two-hundred day moving average price is $40.35. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -247.94 and a beta of 0.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. Vista Outdoor has a 1 year low of $26.05 and a 1 year high of $44.72.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results 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. The business had revenue of $665.92 million for the quarter, compared to analyst estimates of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share. On average, research analysts predict that Vista Outdoor will post 4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new position in Vista Outdoor in the second quarter valued at approximately $36,000. Sound Income Strategies LLC acquired a new position in shares of Vista Outdoor in the 3rd quarter valued at $41,000. Innealta Capital LLC bought a new position in shares of Vista Outdoor in the 2nd quarter worth $76,000. Headlands Technologies LLC acquired a new stake in shares of Vista Outdoor during the second quarter worth $91,000. Finally, Priebe Wealth Holdings LLC acquired a new stake in shares of Vista Outdoor during the third quarter worth $204,000. 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.