StockNews.com Begins Coverage on Vista Outdoor (NYSE:VSTO)

StockNews.com assumed coverage on shares of Vista Outdoor (NYSE:VSTO) in a report issued on Monday. The brokerage set a “buy” rating on the stock.

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

Vista Outdoor Price Performance

Vista Outdoor stock opened at $34.97 on Monday. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $35.09. The firm has a 50 day moving average price of $32.33 and a 200 day moving average price of $29.39. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -5.85 and a beta of 0.96. 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 (NYSE:VSTO) last released its earnings results on Wednesday, January 31st. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.04). Vista Outdoor had a negative net margin of 12.17% and a positive return on equity of 20.00%. The company had revenue of $682.25 million during the quarter, compared to analysts’ expectations of $687.85 million. Sell-side analysts predict that Vista Outdoor will post 3.87 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Priebe Wealth Holdings LLC acquired a new position in shares of Vista Outdoor during the first quarter worth $203,000. Purus Wealth Management LLC acquired a new stake in Vista Outdoor in the first quarter valued at $204,000. Quadrature Capital Ltd raised its holdings in Vista Outdoor by 228.0% in the fourth quarter. Quadrature Capital Ltd now owns 34,650 shares of the company’s stock valued at $1,025,000 after acquiring an additional 24,087 shares in the last quarter. Alamar Capital Management LLC acquired a new stake in Vista Outdoor in the fourth quarter valued at $1,093,000. Finally, Bluefin Capital Management LLC acquired a new stake in Vista Outdoor in the fourth quarter valued at $336,000. 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.