Vista Outdoor (NYSE:VSTO) Sets New 1-Year High at $34.42

Vista Outdoor Inc. (NYSE:VSTO) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $34.42 and last traded at $34.11, with a volume of 232816 shares trading hands. The stock had previously closed at $32.36.

Wall Street Analyst Weigh In

VSTO has been the subject of several research analyst reports. StockNews.com initiated coverage on Vista Outdoor in a research report on Sunday. They issued a “buy” rating for the company. Roth Capital upgraded Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Monness Crespi & Hardt lifted their price objective on Vista Outdoor from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Roth Mkm upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $31.00 to $38.00 in a research report on Thursday, April 4th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vista Outdoor has a consensus rating of “Buy” and an average price target of $34.67.

Vista Outdoor Stock Up 1.2 %

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 business has a 50-day moving average price of $32.06 and a two-hundred day moving average price of $29.33.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $0.80 EPS 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 company had revenue of $682.25 million for the quarter, compared to analyst estimates of $687.85 million. On average, equities research analysts predict that Vista Outdoor Inc. will post 3.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its position in shares of Vista Outdoor by 57.4% during the fourth quarter. Pacer Advisors Inc. now owns 2,980,595 shares of the company’s stock worth $88,136,000 after buying an additional 1,086,671 shares during the period. Cooper Creek Partners Management LLC boosted its position in shares of Vista Outdoor by 45.5% during the third quarter. Cooper Creek Partners Management LLC now owns 2,703,561 shares of the company’s stock worth $89,542,000 after buying an additional 844,865 shares during the period. Black Diamond Capital Management L.L.C. boosted its position in shares of Vista Outdoor by 149.9% during the fourth quarter. Black Diamond Capital Management L.L.C. now owns 695,303 shares of the company’s stock worth $20,560,000 after buying an additional 417,050 shares during the period. Norges Bank acquired a new position in shares of Vista Outdoor during the fourth quarter worth about $9,884,000. Finally, Gates Capital Management Inc. boosted its position in shares of Vista Outdoor by 5.7% during the third quarter. Gates Capital Management Inc. now owns 5,785,046 shares of the company’s stock worth $191,601,000 after buying an additional 312,800 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.