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

Stock analysts at StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTO) in a report released on Wednesday. The firm set a “buy” rating on the stock.

A number of other analysts have also recently weighed in on the company. Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Aegis lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Finally, Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research report on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vista Outdoor presently has a consensus rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Stock Performance

Shares of Vista Outdoor stock opened at $44.63 on Wednesday. The company has a market capitalization of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. The company has a 50-day simple moving average of $44.35 and a two-hundred day simple moving average of $40.72. Vista Outdoor has a one year low of $26.05 and a one year high of $44.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90.

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

Institutional Trading of Vista Outdoor

A number of hedge funds and other institutional investors have recently made changes to their positions in VSTO. Louisiana State Employees Retirement System raised its position in Vista Outdoor by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock valued at $1,103,000 after acquiring an additional 500 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Vista Outdoor by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock worth $19,160,000 after acquiring an additional 5,945 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Vista Outdoor during the 2nd quarter valued at about $223,000. Innealta Capital LLC purchased a new position in Vista Outdoor in the 2nd quarter worth approximately $76,000. Finally, Natixis Advisors LLC purchased a new position in Vista Outdoor in the 2nd quarter worth approximately $413,000. Institutional investors and hedge funds 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.