Vista Outdoor (NYSE:VSTO) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note published on Saturday. The brokerage issued a buy rating on the stock.

Several other analysts have also commented on the stock. Aegis lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Monness Crespi & Hardt downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research note on Wednesday, August 7th. Finally, Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research note on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Vista Outdoor currently has a consensus rating of “Hold” and an average target price of $41.20.

Vista Outdoor Stock Up 0.5 %

VSTO opened at $44.63 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. The company has a market cap of $2.61 billion, a price-to-earnings ratio of -248.06 and a beta of 0.79. Vista Outdoor has a one year low of $26.05 and a one year high of $44.72. The business’s fifty day moving average is $42.80 and its two-hundred day moving average is $39.18.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The business had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 EPS. Analysts anticipate that Vista Outdoor will post 4 EPS for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

A number of hedge funds and other institutional investors have recently made changes to their positions in VSTO. Victory Capital Management Inc. grew its holdings in Vista Outdoor by 67.5% in the third quarter. Victory Capital Management Inc. now owns 81,884 shares of the company’s stock valued at $3,208,000 after purchasing an additional 32,991 shares during the period. Curated Wealth Partners LLC boosted its holdings in shares of Vista Outdoor by 97.0% in the 3rd quarter. Curated Wealth Partners LLC now owns 52,924 shares of the company’s stock valued at $2,074,000 after purchasing an additional 26,054 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Vista Outdoor by 2,197.0% during the 2nd quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock valued at $7,289,000 after buying an additional 185,181 shares during the period. Maverick Capital Ltd. increased its holdings in shares of Vista Outdoor by 262.0% during the 2nd quarter. Maverick Capital Ltd. now owns 36,554 shares of the company’s stock worth $1,376,000 after buying an additional 26,455 shares during the last quarter. Finally, Gabelli Funds LLC raised its position in shares of Vista Outdoor by 76.5% in the 2nd quarter. Gabelli Funds LLC now owns 88,592 shares of the company’s stock worth $3,335,000 after buying an additional 38,400 shares during the period. Hedge funds and other 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 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.