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

Investment analysts at StockNews.com assumed coverage on shares of Vista Outdoor (NYSE:VSTO) in a report issued on Monday. The firm set a “buy” rating on the stock.

VSTO has been the topic of several other research reports. Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a report on Wednesday, August 7th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Lake Street Capital upped 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. Finally, Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Price Performance

NYSE:VSTO opened at $44.16 on Monday. The stock has a market cap of $2.58 billion, a P/E ratio of -339.69 and a beta of 0.81. Vista Outdoor has a one year low of $23.33 and a one year high of $44.40. The company has a fifty day moving average price of $39.88 and a 200 day moving average price of $37.11. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Monday, August 5th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. The firm had revenue of $644.18 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $1.12 EPS. Analysts anticipate that Vista Outdoor will post 3.98 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new stake in shares of Vista Outdoor in the 2nd quarter valued at approximately $36,000. Sound Income Strategies LLC acquired a new stake in Vista Outdoor during the 3rd quarter worth approximately $41,000. Innealta Capital LLC acquired a new stake in Vista Outdoor during the 2nd quarter worth approximately $76,000. Headlands Technologies LLC bought a new position in shares of Vista Outdoor during the 2nd quarter worth approximately $91,000. Finally, Priebe Wealth Holdings LLC bought a new position in shares of Vista Outdoor during the 1st quarter worth approximately $203,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.

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.