Vista Outdoor Inc. (NYSE:VSTO) Receives Average Recommendation of “Buy” from Brokerages

Vista Outdoor Inc. (NYSE:VSTO) has been assigned an average recommendation of “Buy” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is $34.67.

VSTO has been the topic of a number of research analyst reports. Roth Capital upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Monness Crespi & Hardt increased their price objective on shares of Vista Outdoor from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Roth Mkm upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $31.00 to $38.00 in a research report on Thursday, April 4th. Finally, StockNews.com began coverage on shares of Vista Outdoor in a research report on Monday, April 29th. They issued a “buy” rating on the stock.

Vista Outdoor Trading Up 0.7 %

Shares of NYSE VSTO opened at $35.37 on Friday. The company has a market cap of $2.06 billion, a PE ratio of -5.91 and a beta of 0.93. The firm’s 50 day moving average price is $32.73 and its 200-day moving average price is $29.51. Vista Outdoor has a 52-week low of $23.33 and a 52-week high of $35.61. 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 issued its quarterly earnings data 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). The company had revenue of $682.25 million for the quarter, compared to the consensus estimate of $687.85 million. Vista Outdoor had a negative net margin of 12.17% and a positive return on equity of 20.00%. On average, equities research analysts expect that Vista Outdoor will post 3.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. UBS Group AG raised its position in Vista Outdoor by 10.7% in the third quarter. UBS Group AG now owns 184,789 shares of the company’s stock worth $6,120,000 after acquiring an additional 17,906 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Vista Outdoor by 7.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 796,904 shares of the company’s stock valued at $26,393,000 after purchasing an additional 54,915 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Vista Outdoor by 172.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 471,284 shares of the company’s stock valued at $13,936,000 after purchasing an additional 298,199 shares during the period. Quantedge Capital Pte Ltd bought a new stake in shares of Vista Outdoor during the 3rd quarter valued at $785,000. Finally, American Century Companies Inc. raised its position in shares of Vista Outdoor by 16.6% during the 3rd quarter. American Century Companies Inc. now owns 865,399 shares of the company’s stock valued at $28,662,000 after purchasing an additional 123,307 shares during the period. 90.51% of the stock is currently owned by institutional investors.

About Vista Outdoor

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.