Vista Outdoor (NYSE:VSTO) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report sent to investors on Tuesday morning. The firm issued a buy rating on the stock.

A number of other research analysts have also issued reports on the company. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Wednesday, August 7th. Finally, Lake Street Capital raised their target price on Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Stock Up 0.2 %

VSTO opened at $43.94 on Tuesday. The company has a fifty day moving average of $40.76 and a two-hundred day moving average of $37.66. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -337.96 and a beta of 0.81. Vista Outdoor has a fifty-two week low of $24.30 and a fifty-two week high of $44.40. 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 results on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. The firm had revenue of $644.18 million during the quarter, compared to analyst estimates of $664.05 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. Vista Outdoor’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 EPS. On average, research analysts expect that Vista Outdoor will post 3.98 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VSTO. Highland Capital Management LLC boosted its stake in Vista Outdoor by 11.2% during the third quarter. Highland Capital Management LLC now owns 6,307 shares of the company’s stock worth $247,000 after buying an additional 633 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Vista Outdoor by 214.2% during the 3rd quarter. Blue Trust Inc. now owns 3,010 shares of the company’s stock valued at $113,000 after acquiring an additional 2,052 shares during the last quarter. Creative Planning grew its holdings in shares of Vista Outdoor by 203.3% in the third quarter. Creative Planning now owns 28,905 shares of the company’s stock valued at $1,132,000 after purchasing an additional 19,376 shares during the period. Sound Income Strategies LLC acquired a new stake in Vista Outdoor during the third quarter worth about $41,000. Finally, Priebe Wealth Holdings LLC purchased a new position in Vista Outdoor during the third quarter worth about $204,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.

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.