Vista Outdoor Inc. (NYSE:VSTO) Receives $41.20 Consensus Target Price from Analysts

Vista Outdoor Inc. (NYSE:VSTO) has earned an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $41.20.

Several equities research analysts have recently commented on VSTO shares. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note 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. Lake Street Capital lifted their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a report on Monday, July 15th. StockNews.com initiated coverage on shares of Vista Outdoor in a report on Sunday. They set a “buy” rating for the company. Finally, 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 report on Wednesday, August 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Vista Outdoor during the fourth quarter worth $9,884,000. Allianz Asset Management GmbH grew its stake in Vista Outdoor by 51.4% in the 4th quarter. Allianz Asset Management GmbH now owns 48,010 shares of the company’s stock valued at $1,420,000 after acquiring an additional 16,309 shares during the last quarter. Gabelli Funds LLC increased its holdings in Vista Outdoor by 445.4% during the 4th quarter. Gabelli Funds LLC now owns 107,981 shares of the company’s stock valued at $3,193,000 after acquiring an additional 88,181 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Vista Outdoor during the 4th quarter valued at about $2,213,000. Finally, Seven Eight Capital LP purchased a new stake in shares of Vista Outdoor in the fourth quarter valued at about $565,000. 90.51% of the stock is owned by hedge funds and other institutional investors.

Vista Outdoor Stock Up 10.5 %

Shares of NYSE:VSTO opened at $44.01 on Tuesday. Vista Outdoor has a 1-year low of $23.33 and a 1-year high of $44.06. 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 cap of $2.57 billion, a P/E ratio of -400.09 and a beta of 0.81. The firm has a fifty day moving average price of $39.36 and a 200 day moving average price of $36.63.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate 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 business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.12 earnings per share. Sell-side analysts predict that Vista Outdoor will post 3.98 EPS for the current year.

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.