Vista Outdoor (NYSE:VSTO) Earns Buy Rating from Analysts at StockNews.com

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

Several other research firms also recently commented on VSTO. Roth Capital raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a report on Thursday, April 4th. Roth Mkm upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $31.00 to $38.00 in a research report on Thursday, April 4th. Finally, Monness Crespi & Hardt increased their price target 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 investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $34.67.

Vista Outdoor Stock Performance

Shares of VSTO opened at $32.88 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 2.58. The stock has a 50-day moving average of $31.64 and a two-hundred day moving average of $29.32. The stock has a market cap of $1.91 billion, a P/E ratio of -5.50 and a beta of 0.96. Vista Outdoor has a one year low of $23.33 and a one year high of $33.96.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.04). The firm had revenue of $682.25 million during 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%. As a group, research analysts predict that Vista Outdoor will post 3.87 EPS for the current year.

Institutional Trading of Vista Outdoor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VSTO. Price T Rowe Associates Inc. MD boosted its stake in shares of Vista Outdoor by 3.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,246 shares of the company’s stock worth $314,000 after acquiring an additional 323 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Vista Outdoor by 0.3% in the 1st quarter. Rhumbline Advisers now owns 125,532 shares of the company’s stock valued at $4,480,000 after purchasing an additional 334 shares in the last quarter. Vident Advisory LLC raised its holdings in Vista Outdoor by 3.2% in the 4th quarter. Vident Advisory LLC now owns 11,480 shares of the company’s stock worth $339,000 after purchasing an additional 356 shares during the period. SummerHaven Investment Management LLC raised its holdings in Vista Outdoor by 1.5% in the 4th quarter. SummerHaven Investment Management LLC now owns 25,307 shares of the company’s stock worth $748,000 after purchasing an additional 373 shares during the period. Finally, CWM LLC boosted its position in Vista Outdoor by 68.4% during the third quarter. CWM LLC now owns 997 shares of the company’s stock worth $33,000 after purchasing an additional 405 shares in the last quarter. 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 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.