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

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

Other equities research analysts also recently issued reports about the stock. Roth Capital upgraded shares of Vista Outdoor from a neutral rating to a buy rating in a report on Thursday, April 4th. Roth Mkm upgraded Vista Outdoor from a neutral rating to a buy rating and upped their price objective for the stock from $31.00 to $38.00 in a report on Thursday, April 4th. Finally, Monness Crespi & Hardt increased their target price on Vista Outdoor from $34.00 to $37.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $34.67.

Vista Outdoor Trading Up 1.1 %

Shares of Vista Outdoor stock opened at $35.34 on Monday. Vista Outdoor has a fifty-two week low of $23.33 and a fifty-two week high of $35.41. The business’s fifty day moving average is $32.44 and its two-hundred day moving average is $29.41. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.58 and a quick ratio of 1.09.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Wednesday, January 31st. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.04). The business had revenue of $682.25 million for the quarter, compared to analysts’ expectations of $687.85 million. Vista Outdoor had a positive return on equity of 20.00% and a negative net margin of 12.17%. On average, research analysts predict that Vista Outdoor will post 3.87 earnings per share for the current year.

Institutional Investors Weigh In On Vista Outdoor

Several large investors have recently made changes to their positions in the business. American Capital Advisory LLC boosted its position in Vista Outdoor by 4.1% during the 1st quarter. American Capital Advisory LLC now owns 17,776 shares of the company’s stock worth $583,000 after purchasing an additional 705 shares during the period. Priebe Wealth Holdings LLC purchased a new stake in shares of Vista Outdoor in the first quarter worth about $203,000. Purus Wealth Management LLC acquired a new stake in shares of Vista Outdoor in the first quarter valued at about $204,000. Quadrature Capital Ltd raised its holdings in shares of Vista Outdoor by 228.0% during the 4th quarter. Quadrature Capital Ltd now owns 34,650 shares of the company’s stock valued at $1,025,000 after buying an additional 24,087 shares during the period. Finally, Alamar Capital Management LLC acquired a new position in Vista Outdoor during the 4th quarter worth approximately $1,093,000. 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 company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.