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

Investment analysts at StockNews.com assumed coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report issued to clients and investors on Sunday. The brokerage set a “buy” rating on the stock.

Several other brokerages have also commented on VSTO. Monness Crespi & Hardt increased their price target on shares of Vista Outdoor from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Roth Mkm upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and increased their price target for the company from $31.00 to $38.00 in a research note on Thursday, April 4th. Finally, Roth Capital upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research note on Thursday, April 4th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vista Outdoor currently has a consensus rating of “Buy” and an average target price of $34.67.

Vista Outdoor Stock Up 0.6 %

VSTO stock opened at $32.36 on Friday. The company’s 50 day moving average price is $31.89 and its 200 day moving average price is $29.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 2.58. Vista Outdoor has a fifty-two week low of $23.33 and a fifty-two week high of $33.96. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -5.41 and a beta of 0.96.

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 analysts’ consensus estimates of $0.84 by ($0.04). Vista Outdoor had a positive return on equity of 20.00% and a negative net margin of 12.17%. The firm had revenue of $682.25 million for the quarter, compared to analysts’ expectations of $687.85 million. On average, equities research analysts anticipate that Vista Outdoor will post 3.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

Large investors have recently modified their holdings of the company. UBS Group AG boosted its holdings in shares of Vista Outdoor by 10.7% in the third quarter. UBS Group AG now owns 184,789 shares of the company’s stock valued at $6,120,000 after acquiring an additional 17,906 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Vista Outdoor by 7.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 796,904 shares of the company’s stock valued at $26,393,000 after acquiring an additional 54,915 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Vista Outdoor by 172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 471,284 shares of the company’s stock valued at $13,936,000 after acquiring an additional 298,199 shares during the period. Quantedge Capital Pte Ltd acquired a new stake in shares of Vista Outdoor in the third quarter valued at approximately $785,000. Finally, American Century Companies Inc. boosted its holdings in shares of Vista Outdoor by 16.6% in the third quarter. American Century Companies Inc. now owns 865,399 shares of the company’s stock valued at $28,662,000 after acquiring an additional 123,307 shares during the period. 90.51% of the stock is owned by institutional investors and hedge funds.

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.