Vista Outdoor (NYSE:VSTO) Receives New Coverage from Analysts at StockNews.com

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

A number of other research firms also recently weighed in on VSTO. Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research report on Thursday, September 19th. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Finally, Lake Street Capital upped their target price 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. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Vista Outdoor currently has a consensus rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Stock Down 0.6 %

VSTO stock opened at $43.86 on Tuesday. The business has a fifty day moving average price of $40.66 and a 200-day moving average price of $37.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. The stock has a market capitalization of $2.56 billion, a P/E ratio of -337.38 and a beta of 0.81. Vista Outdoor has a 1-year low of $23.33 and a 1-year high of $44.40.

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

Institutional Trading of Vista Outdoor

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

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.