StockNews.com Begins Coverage on Vista Outdoor (NYSE:VSTO)

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

A number of other research firms also recently weighed in on VSTO. Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research report on Thursday, September 19th. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research note on Wednesday, August 7th. Finally, Lake Street Capital increased their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, July 15th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Vista Outdoor presently has a consensus rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Price Performance

Shares of NYSE VSTO opened at $44.18 on Monday. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.58 billion, a PE ratio of -401.64 and a beta of 0.81. The stock’s 50 day moving average price is $40.01 and its 200-day moving average price is $37.16. Vista Outdoor has a twelve month low of $23.33 and a twelve month 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, beating analysts’ consensus estimates of $0.97 by $0.04. The firm had revenue of $644.18 million during the quarter, compared to the consensus estimate of $664.05 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 EPS. On average, equities analysts anticipate that Vista Outdoor will post 3.98 EPS for the current year.

Hedge Funds Weigh In On Vista Outdoor

A number of large investors have recently modified their holdings of VSTO. Creative Planning grew its position in shares of Vista Outdoor by 203.3% during the 3rd quarter. Creative Planning now owns 28,905 shares of the company’s stock valued at $1,132,000 after purchasing an additional 19,376 shares in the last quarter. Sound Income Strategies LLC bought a new position in Vista Outdoor in the 3rd quarter worth about $41,000. Priebe Wealth Holdings LLC purchased a new stake in shares of Vista Outdoor in the 3rd quarter valued at about $204,000. Simplicity Wealth LLC bought a new stake in shares of Vista Outdoor during the 3rd quarter valued at about $437,000. Finally, Curated Wealth Partners LLC increased its position in shares of Vista Outdoor by 97.0% in the third quarter. Curated Wealth Partners LLC now owns 52,924 shares of the company’s stock worth $2,074,000 after purchasing an additional 26,054 shares during the last quarter. 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.