Brokerages Set Vista Outdoor Inc. (NYSE:VSTO) Target Price at $41.20

Shares of Vista Outdoor Inc. (NYSE:VSTO) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $41.20.

Several research analysts have commented on VSTO shares. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Roth Mkm cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a report on Thursday, September 19th. Lake Street Capital boosted their price target on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, July 15th. Finally, B. Riley cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Wednesday, August 7th.

Vista Outdoor Price Performance

Vista Outdoor stock opened at $39.84 on Tuesday. The company’s 50 day simple moving average is $39.25 and its 200-day simple moving average is $36.48. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of -362.18 and a beta of 0.81. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $41.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80.

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

Institutional Trading of Vista Outdoor

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Vista Outdoor by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock worth $163,325,000 after buying an additional 54,189 shares during the last quarter. American Century Companies Inc. raised its position in Vista Outdoor by 19.2% in the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after purchasing an additional 218,018 shares during the last quarter. Black Diamond Capital Management L.L.C. raised its position in Vista Outdoor by 149.9% in the 4th quarter. Black Diamond Capital Management L.L.C. now owns 695,303 shares of the company’s stock valued at $20,560,000 after purchasing an additional 417,050 shares during the last quarter. Bank of New York Mellon Corp raised its position in Vista Outdoor by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock valued at $19,160,000 after purchasing an additional 5,945 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its position in Vista Outdoor by 7.0% in the 1st quarter. Bridgeway Capital Management LLC now owns 501,898 shares of the company’s stock valued at $16,452,000 after purchasing an additional 32,675 shares during the last quarter. Hedge funds and other 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 Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.