Vista Outdoor (NYSE:VSTO) Coverage Initiated at StockNews.com

Research analysts at StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the stock.

Several other analysts have also recently issued reports on the stock. Roth Mkm upped their target price on shares of Vista Outdoor from $29.00 to $31.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Monness Crespi & Hardt upped their target price on shares of Vista Outdoor from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.33.

Vista Outdoor Stock Performance

Shares of NYSE VSTO opened at $32.78 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 2.58. The company has a market cap of $1.91 billion, a P/E ratio of -5.48 and a beta of 0.96. The firm’s fifty day moving average is $30.81 and its two-hundred day moving average is $29.13. Vista Outdoor has a 52-week low of $23.33 and a 52-week high of $33.96.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Wednesday, January 31st. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.04). The business had revenue of $682.25 million during the quarter, compared to the consensus estimate of $687.85 million. Vista Outdoor had a positive return on equity of 20.00% and a negative net margin of 12.17%. As a group, analysts anticipate that Vista Outdoor will post 3.87 EPS for the current fiscal year.

Institutional Trading of Vista Outdoor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Vista Outdoor in the 2nd quarter worth about $26,000. Fifth Third Bancorp grew its stake in Vista Outdoor by 208.6% in the 3rd quarter. Fifth Third Bancorp now owns 969 shares of the company’s stock worth $32,000 after acquiring an additional 655 shares in the last quarter. CWM LLC grew its stake in Vista Outdoor by 68.4% in the 3rd quarter. CWM LLC now owns 997 shares of the company’s stock worth $33,000 after acquiring an additional 405 shares in the last quarter. Ancora Advisors LLC grew its stake in Vista Outdoor by 162.5% in the 3rd quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock worth $52,000 after acquiring an additional 975 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Vista Outdoor by 794.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,949 shares of the company’s stock worth $54,000 after acquiring an additional 1,731 shares in the last quarter. 90.51% of the stock is owned by hedge funds and other institutional investors.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.