Vista Outdoor (NYSE:VSTO) Shares Gap Up to $37.55

Shares of Vista Outdoor Inc. (NYSE:VSTO) gapped up prior to trading on Tuesday . The stock had previously closed at $37.55, but opened at $38.75. Vista Outdoor shares last traded at $38.59, with a volume of 86,448 shares changing hands.

Analyst Upgrades and Downgrades

VSTO has been the subject of several research analyst reports. Lake Street Capital boosted their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, July 15th. StockNews.com initiated coverage on Vista Outdoor in a research report on Wednesday, September 4th. They set a “buy” rating for the company. Roth Mkm lifted their target price on Vista Outdoor from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. B. Riley downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a research note on Wednesday, August 7th. Finally, Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.20.

Vista Outdoor Price Performance

The stock’s 50 day simple moving average is $38.57 and its 200 day simple moving average is $35.50. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Monday, August 5th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. The firm had revenue of $644.18 million for the quarter, compared to the consensus estimate of $664.05 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The company’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share. As a group, equities research analysts forecast that Vista Outdoor Inc. will post 3.98 earnings per share for the current fiscal year.

Institutional Trading of Vista Outdoor

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. bought a new stake in shares of Vista Outdoor in the second quarter worth $36,000. Innealta Capital LLC purchased a new stake in shares of Vista Outdoor in the second quarter worth about $76,000. Headlands Technologies LLC bought a new position in shares of Vista Outdoor during the 2nd quarter valued at approximately $91,000. Algert Global LLC purchased a new position in shares of Vista Outdoor in the 2nd quarter worth $210,000. Finally, Highland Capital Management LLC bought a new stake in Vista Outdoor during the second quarter worth approximately $214,000. 90.51% of the stock is currently owned by 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.