Vista Outdoor (NYSE:VSTO) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Monday.

Several other brokerages have also recently issued reports on VSTO. Zacks Investment Research upgraded Vista Outdoor from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, August 15th. Roth Capital set a $19.00 price objective on Vista Outdoor and gave the company a “hold” rating in a research note on Saturday, August 11th. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.88.

NYSE VSTO opened at $13.72 on Monday. The stock has a market capitalization of $792.74 million, a price-to-earnings ratio of 27.44 and a beta of 0.40. 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 has a 1-year low of $12.49 and a 1-year high of $20.04.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC purchased a new position in shares of Vista Outdoor in the 2nd quarter valued at about $2,544,000. Berkley W R Corp boosted its stake in shares of 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 buying an additional 175,734 shares during the period. BlackRock Inc. boosted its stake in shares of 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 buying an additional 487,576 shares during the period. Trexquant Investment LP purchased a new position in shares of Vista Outdoor in the 2nd quarter valued at about $298,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of 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 buying an additional 154,122 shares during the period. Institutional investors and hedge funds own 97.89% of the company’s stock.

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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