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

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note issued to investors on Wednesday. The brokerage issued a buy rating on the stock.

Several other analysts have also recently issued reports on VSTO. Roth Mkm cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a report on Thursday, September 19th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Finally, Aegis lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Vista Outdoor presently has a consensus rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Stock Performance

NYSE:VSTO opened at $44.63 on Wednesday. The company has a market cap of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79. Vista Outdoor has a twelve month low of $26.05 and a twelve month high of $44.72. The company’s 50-day moving average price is $44.36 and its 200-day moving average price is $40.78. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. The company had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. Vista Outdoor’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. On average, sell-side analysts forecast that Vista Outdoor will post 4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VSTO. JPMorgan Chase & Co. lifted its stake in Vista Outdoor by 27.2% during the third quarter. JPMorgan Chase & Co. now owns 141,698 shares of the company’s stock worth $5,552,000 after purchasing an additional 30,277 shares in the last quarter. Principal Financial Group Inc. increased its stake in Vista Outdoor by 2.8% during the third quarter. Principal Financial Group Inc. now owns 295,083 shares of the company’s stock worth $11,561,000 after purchasing an additional 7,975 shares during the period. Franklin Resources Inc. lifted its position in shares of Vista Outdoor by 5.7% during the third quarter. Franklin Resources Inc. now owns 23,425 shares of the company’s stock worth $918,000 after purchasing an additional 1,265 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Vista Outdoor by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,355,917 shares of the company’s stock valued at $53,135,000 after purchasing an additional 17,621 shares during the period. Finally, Tenzing Global Management LLC grew its holdings in shares of Vista Outdoor by 7.7% in the third quarter. Tenzing Global Management LLC now owns 350,000 shares of the company’s stock valued at $13,713,000 after purchasing an additional 25,000 shares in 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.