Vista Outdoor Inc. (NYSE:VSTO) Sees Large Decrease in Short Interest

Vista Outdoor Inc. (NYSE:VSTO) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 1,970,000 shares, a decline of 18.3% from the September 15th total of 2,410,000 shares. Currently, 3.8% of the company’s stock are sold short. Based on an average daily trading volume, of 701,400 shares, the days-to-cover ratio is currently 2.8 days.

Analyst Ratings Changes

VSTO has been the topic of a number of recent research reports. 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 raised their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, July 15th. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Roth Mkm cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Thursday, September 19th. Finally, StockNews.com initiated coverage on Vista Outdoor in a research report on Sunday, October 6th. They set a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Vista Outdoor presently has an average rating of “Hold” and an average price target of $41.20.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Blue Trust Inc. purchased a new position in shares of Vista Outdoor during the second quarter valued at $36,000. Sound Income Strategies LLC purchased a new position in Vista Outdoor during the 3rd quarter valued at about $41,000. Innealta Capital LLC acquired a new position in shares of Vista Outdoor in the 2nd quarter valued at about $76,000. Headlands Technologies LLC purchased a new stake in shares of Vista Outdoor in the second quarter worth approximately $91,000. Finally, Priebe Wealth Holdings LLC acquired a new stake in shares of Vista Outdoor during the first quarter worth approximately $203,000. 90.51% of the stock is owned by hedge funds and other institutional investors.

Vista Outdoor Stock Up 0.4 %

VSTO opened at $44.27 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80. The company has a market capitalization of $2.59 billion, a PE ratio of -340.54 and a beta of 0.81. The stock’s fifty day moving average is $39.65 and its 200-day moving average is $36.92. Vista Outdoor has a one year low of $23.33 and a one year high of $44.40.

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

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.