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

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

VSTO has been the topic of several other reports. Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Roth Mkm cut 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. Finally, Aegis cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Vista Outdoor currently has an average rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Price Performance

NYSE:VSTO opened at $44.63 on Monday. Vista Outdoor has a one year low of $26.05 and a one year high of $44.72. The company has a market cap of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79. The firm’s fifty day moving average price is $43.94 and its two-hundred day moving average price is $39.96. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The firm had revenue of $665.92 million for the quarter, compared to the consensus estimate of $666.72 million. During the same period in the previous year, the company earned $0.96 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Equities analysts expect that Vista Outdoor will post 4 earnings per share for the current year.

Institutional Investors Weigh In On Vista Outdoor

Several institutional investors and hedge funds have recently bought and sold shares of VSTO. Price T Rowe Associates Inc. MD lifted its position in Vista Outdoor by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,387 shares of the company’s stock worth $734,000 after purchasing an additional 2,084 shares during the period. Comerica Bank lifted its position in Vista Outdoor by 26.9% during the first quarter. Comerica Bank now owns 29,277 shares of the company’s stock worth $960,000 after purchasing an additional 6,199 shares during the period. Blue Trust Inc. bought a new position in shares of Vista Outdoor in the second quarter worth about $36,000. Neo Ivy Capital Management bought a new position in shares of Vista Outdoor in the second quarter worth about $619,000. Finally, SummerHaven Investment Management LLC lifted its holdings in shares of Vista Outdoor by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company’s stock worth $982,000 after acquiring an additional 443 shares during the last quarter. Institutional investors own 90.51% of the company’s stock.

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.