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

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a report issued on Monday morning. The brokerage issued a buy rating on the stock.

Other analysts have also issued reports about the company. Roth Capital raised Vista Outdoor from a neutral rating to a buy rating in a report on Thursday, April 4th. Monness Crespi & Hardt upped their price target on Vista Outdoor from $34.00 to $37.00 and gave the company a buy rating in a research report on Friday, February 2nd. Finally, Roth Mkm upgraded Vista Outdoor from a neutral rating to a buy rating and raised their price objective for the stock from $31.00 to $38.00 in a research note on Thursday, April 4th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $34.67.

Vista Outdoor Trading Down 0.4 %

VSTO opened at $34.95 on Monday. Vista Outdoor has a 12-month low of $23.33 and a 12-month high of $35.61. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.58 and a quick ratio of 1.09. The stock has a market capitalization of $2.03 billion, a PE ratio of -5.84 and a beta of 0.96. The firm’s fifty day moving average price is $32.54 and its 200 day moving average price is $29.43.

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

Hedge Funds Weigh In On Vista Outdoor

Several institutional investors have recently modified their holdings of the company. Fifth Third Bancorp boosted its position in shares of Vista Outdoor by 208.6% during the third quarter. Fifth Third Bancorp now owns 969 shares of the company’s stock worth $32,000 after buying an additional 655 shares during the period. CWM LLC boosted its position in Vista Outdoor by 68.4% during the 3rd quarter. CWM LLC now owns 997 shares of the company’s stock worth $33,000 after acquiring an additional 405 shares during the period. Ancora Advisors LLC grew its stake in shares of Vista Outdoor by 162.5% in the third quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock worth $52,000 after purchasing an additional 975 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Vista Outdoor during the third quarter valued at $78,000. Finally, Priebe Wealth Holdings LLC acquired a new position in shares of Vista Outdoor during the first quarter valued at $203,000. 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 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.