Vista Outdoor (NYSE:VSTO) Now Covered by StockNews.com

StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTO) in a report issued on Friday morning. The brokerage issued a buy rating on the stock.

A number of other brokerages have also weighed in on VSTO. Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Thursday, September 19th. Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. 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. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Finally, Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.20.

Vista Outdoor Stock Performance

Shares of NYSE VSTO remained flat at $44.11 during mid-day trading on Friday. 759,739 shares of the stock were exchanged, compared to its average volume of 751,225. 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 has a 52 week low of $25.25 and a 52 week high of $44.48. The stock has a 50 day moving average of $42.20 and a 200 day moving average of $38.76.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (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 positive return on equity of 19.53% and a negative net margin of 0.34%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. As a group, equities research analysts predict that Vista Outdoor will post 3.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Vista Outdoor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. bought a new stake in Vista Outdoor during the 2nd quarter valued at approximately $36,000. Sound Income Strategies LLC purchased a new stake in Vista Outdoor in the third quarter worth $41,000. Innealta Capital LLC bought a new position in Vista Outdoor in the second quarter worth $76,000. Headlands Technologies LLC purchased a new position in Vista Outdoor during the second quarter valued at $91,000. Finally, Priebe Wealth Holdings LLC bought a new stake in shares of Vista Outdoor during the 3rd quarter valued at $204,000. Hedge funds and other institutional investors 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.