Vista Outdoor (NYSE:VSTO) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Vista Outdoor (NYSE:VSTOGet Free Report) in a note issued to investors on Friday. The firm set a “buy” rating on the stock.

Other equities research analysts have also issued research reports about the stock. Monness Crespi & Hardt upped their target price on shares of Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Roth Capital raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research note on Thursday, April 4th. Roth Mkm raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $31.00 to $38.00 in a research note on Thursday, April 4th. Finally, Lake Street Capital lowered Vista Outdoor from a “buy” rating to a “hold” rating and upped their price target for the company from $33.00 to $37.00 in a research report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.67.

Check Out Our Latest Stock Report on Vista Outdoor

Vista Outdoor Trading Up 1.3 %

Shares of Vista Outdoor stock opened at $34.30 on Friday. Vista Outdoor has a fifty-two week low of $23.33 and a fifty-two week high of $36.37. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 2.79. The company has a market cap of $1.99 billion, a P/E ratio of -311.82 and a beta of 0.93. The firm has a 50-day simple moving average of $33.99 and a two-hundred day simple moving average of $30.87.

Vista Outdoor (NYSE:VSTOGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.03. Vista Outdoor had a positive return on equity of 19.75% and a negative net margin of 0.20%. The business had revenue of $693.67 million during the quarter, compared to analysts’ expectations of $701.43 million. During the same period in the previous year, the business earned $1.08 earnings per share. The business’s revenue was down 6.4% compared to the same quarter last year. As a group, equities analysts predict that Vista Outdoor will post 3.99 earnings per share for the current fiscal year.

Institutional Trading of Vista Outdoor

A number of large investors have recently modified their holdings of VSTO. Ancora Advisors LLC lifted its stake in Vista Outdoor by 162.5% in the third quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock worth $52,000 after acquiring an additional 975 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Vista Outdoor in the 3rd quarter valued at about $78,000. Priebe Wealth Holdings LLC acquired a new position in Vista Outdoor in the first quarter valued at approximately $203,000. Purus Wealth Management LLC purchased a new position in Vista Outdoor in the first quarter valued at approximately $204,000. Finally, Western Wealth Management LLC purchased a new position in Vista Outdoor in the third quarter valued at approximately $242,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.

About Vista Outdoor

(Get Free Report)

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.

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Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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