Vista Outdoor (NYSE:VSTO) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTOGet Free Report) in a note issued to investors on Sunday. The brokerage set a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Lake Street Capital cut shares of Vista Outdoor from a “buy” rating to a “hold” rating and boosted their price target for the stock from $33.00 to $37.00 in a research report on Friday, May 10th. Roth Capital upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research note on Thursday, April 4th. Monness Crespi & Hardt boosted their price objective 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. Finally, Roth Mkm upped their price target on shares of Vista Outdoor from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Vista Outdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.33.

Read Our Latest Report on VSTO

Vista Outdoor Price Performance

VSTO opened at $35.17 on Friday. The company has a fifty day moving average price of $34.58 and a two-hundred day moving average price of $31.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 2.79. Vista Outdoor has a 52 week low of $23.33 and a 52 week high of $37.05. The firm has a market capitalization of $2.05 billion, a PE ratio of -319.73 and a beta of 0.88.

Vista Outdoor (NYSE:VSTOGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.03. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. The company had revenue of $693.67 million during the quarter, compared to analyst estimates of $701.43 million. During the same quarter in the previous year, the business earned $1.08 EPS. The firm’s revenue was down 6.4% on a year-over-year basis. As a group, analysts anticipate that Vista Outdoor will post 3.99 earnings per share for the current year.

Institutional Trading of Vista Outdoor

A number of institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG raised its stake in shares of Vista Outdoor by 10.7% during the third quarter. UBS Group AG now owns 184,789 shares of the company’s stock valued at $6,120,000 after acquiring an additional 17,906 shares during the last quarter. Gabelli Funds LLC grew its holdings in Vista Outdoor by 445.4% in the fourth quarter. Gabelli Funds LLC now owns 107,981 shares of the company’s stock worth $3,193,000 after purchasing an additional 88,181 shares during the period. Bridgeway Capital Management LLC grew its holdings in Vista Outdoor by 19.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 469,223 shares of the company’s stock worth $13,875,000 after purchasing an additional 76,353 shares during the period. US Bancorp DE grew its holdings in Vista Outdoor by 23.2% in the fourth quarter. US Bancorp DE now owns 71,061 shares of the company’s stock worth $2,101,000 after purchasing an additional 13,373 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Vista Outdoor by 7.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 796,904 shares of the company’s stock worth $26,393,000 after purchasing an additional 54,915 shares during the period. Institutional investors own 90.51% of the company’s stock.

About Vista Outdoor

(Get Free Report)

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.

See Also

Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

Receive News & Ratings for Vista Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vista Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.