Vista Outdoor (NYSE:VSTO) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note released on Wednesday morning. The firm issued a buy rating on the stock.

VSTO has been the topic of several other research reports. Lake Street Capital downgraded Vista Outdoor from a buy rating to a hold rating and lifted their target price for the company from $33.00 to $37.00 in a research note on Friday, May 10th. Monness Crespi & Hardt boosted their price target on shares of Vista Outdoor from $37.00 to $41.00 and gave the stock a buy rating in a research note on Friday, May 10th. Roth Capital raised shares of Vista Outdoor from a neutral rating to a buy rating in a research note on Thursday, April 4th. Finally, Roth Mkm raised shares of Vista Outdoor from a neutral rating to a buy rating and lifted their price objective for the stock from $31.00 to $38.00 in a research note on Thursday, April 4th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Vista Outdoor currently has a consensus rating of Moderate Buy and a consensus price target of $38.67.

Vista Outdoor Stock Performance

VSTO traded up $0.06 during trading on Wednesday, hitting $34.25. The company’s stock had a trading volume of 30,622 shares, compared to its average volume of 505,488. The company has a quick ratio of 1.21, a current ratio of 2.79 and a debt-to-equity ratio of 0.64. Vista Outdoor has a one year low of $23.33 and a one year high of $36.37. The firm has a market cap of $1.99 billion, a PE ratio of -310.82 and a beta of 0.93. The business’s 50 day simple moving average is $33.45 and its 200-day simple moving average is $30.22.

Vista Outdoor (NYSE:VSTO) last issued its earnings results on Wednesday, May 8th. The company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.03. The company had revenue of $693.67 million during the quarter, compared to the consensus estimate of $701.43 million. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. Vista Outdoor’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 EPS. As a group, sell-side analysts predict that Vista Outdoor will post 3.95 EPS for the current fiscal year.

Institutional Trading of Vista Outdoor

Several institutional investors have recently added to or reduced their stakes in VSTO. Kennedy Capital Management LLC boosted its position in shares of Vista Outdoor by 3.7% during the first quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock valued at $307,000 after buying an additional 333 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of Vista Outdoor by 1.5% in the fourth quarter. SummerHaven Investment Management LLC now owns 25,307 shares of the company’s stock valued at $748,000 after purchasing an additional 373 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Vista Outdoor by 3.1% in the third quarter. State Board of Administration of Florida Retirement System now owns 16,501 shares of the company’s stock valued at $547,000 after purchasing an additional 490 shares during the period. Arizona State Retirement System boosted its holdings in shares of Vista Outdoor by 3.9% in the third quarter. Arizona State Retirement System now owns 16,510 shares of the company’s stock valued at $547,000 after purchasing an additional 617 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of Vista Outdoor by 208.6% in the third quarter. Fifth Third Bancorp now owns 969 shares of the company’s stock valued at $32,000 after purchasing an additional 655 shares during the period. Institutional investors own 90.51% of the company’s stock.

About Vista Outdoor

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.