Zacks Investment Research upgraded shares of Vista Outdoor (NYSE:VSTO) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning. The brokerage currently has $17.00 price objective on the stock.

According to Zacks, “Vista Outdoor Inc. develops, manufacture and distribute optics, accessories and eyewear. The Company operates in two segments: Shooting Sports and Outdoor Products. Its product consist of binoculars, laser rangefinders, riflescopes, trail cameras, archery accessories, blinds, decoys, game calls, gun care products, mounts, powder, reloading equipment, targets, target systems, safety and protective eyewear, fashion and sports eyewear. The company’s product portfolio include Bushnell(R), Primos(R), Bollè(R), Serengeti(R), Cèbè, RCBS(R), Hoppe’s(R), Uncle Mike’s(R), Gold Tip(R), Weaver(R) and Tasco(R). Vista Outdoor Inc. is headquartered in Utah. “

Separately, Roth Capital set a $19.00 target price on Vista Outdoor and gave the stock a hold rating in a research note on Saturday, August 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. Vista Outdoor has an average rating of Hold and a consensus target price of $15.90.

Shares of VSTO stock opened at $13.78 on Tuesday. Vista Outdoor has a 12-month low of $12.49 and a 12-month high of $20.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.69 and a quick ratio of 1.44.

Vista Outdoor (NYSE:VSTO) last issued its earnings results on Thursday, November 1st. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $546.60 million during the quarter, compared to the consensus estimate of $541.20 million. Vista Outdoor had a negative return on equity of 0.19% and a negative net margin of 2.13%. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. As a group, sell-side analysts forecast that Vista Outdoor will post 0.25 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new position in Vista Outdoor in the 2nd quarter valued at approximately $2,544,000. BlackRock Inc. increased its stake in Vista Outdoor by 6.7% in the 2nd quarter. BlackRock Inc. now owns 7,810,248 shares of the company’s stock valued at $120,981,000 after purchasing an additional 487,576 shares in the last quarter. Berkley W R Corp increased its stake in Vista Outdoor by 13.3% in the 2nd quarter. Berkley W R Corp now owns 1,501,276 shares of the company’s stock valued at $23,255,000 after purchasing an additional 175,734 shares in the last quarter. Trexquant Investment LP purchased a new position in Vista Outdoor in the 2nd quarter valued at approximately $298,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Vista Outdoor by 23.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 807,183 shares of the company’s stock valued at $12,504,000 after purchasing an additional 154,122 shares in the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.

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