Vista Outdoor (NYSE:VSTO) Reaches New 1-Year High – Still a Buy?

Vista Outdoor Inc. (NYSE:VSTO)’s share price reached a new 52-week high on Friday . The stock traded as high as $44.48 and last traded at $44.42, with a volume of 445212 shares traded. The stock had previously closed at $44.25.

Analyst Ratings Changes

VSTO has been the subject of several research analyst reports. Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a report on Wednesday, August 7th. Monness Crespi & Hardt downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Aegis downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, StockNews.com began coverage on Vista Outdoor in a research report on Saturday. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Vista Outdoor currently has a consensus rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Stock Performance

The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $42.71 and its two-hundred day moving average price is $39.10.

Vista Outdoor (NYSE:VSTO) last issued its earnings results on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The firm had revenue of $665.92 million for the quarter, compared to the consensus estimate of $666.72 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Vista Outdoor Inc. will post 4 EPS for the current year.

Hedge Funds Weigh In On Vista Outdoor

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new stake in Vista Outdoor in the second quarter worth approximately $36,000. Sound Income Strategies LLC acquired a new stake in shares of Vista Outdoor in the 3rd quarter valued at $41,000. Innealta Capital LLC acquired a new stake in shares of Vista Outdoor in the 2nd quarter valued at $76,000. Headlands Technologies LLC bought a new stake in Vista Outdoor in the second quarter worth $91,000. Finally, Priebe Wealth Holdings LLC acquired a new position in Vista Outdoor during the third quarter worth $204,000. Institutional investors and hedge funds own 90.51% of the company’s stock.

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.