Vista Outdoor Inc. (NYSE:VSTO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Vista Outdoor Inc. (NYSE:VSTO) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $41.20.

Several equities research analysts have recently weighed in on VSTO shares. Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Wednesday, August 7th. Lake Street Capital boosted their price target on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, July 15th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a report on Thursday, September 19th.

Vista Outdoor Trading Down 0.4 %

Shares of Vista Outdoor stock opened at $39.18 on Tuesday. Vista Outdoor has a 52-week low of $23.33 and a 52-week high of $41.11. The stock has a market cap of $2.29 billion, a PE ratio of -356.18 and a beta of 0.81. The firm has a 50-day moving average of $39.18 and a 200-day moving average of $36.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The business had revenue of $644.18 million for the quarter, compared to the consensus estimate of $664.05 million. During the same quarter in the prior year, the business posted $1.12 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Vista Outdoor will post 3.98 EPS for the current year.

Hedge Funds Weigh In On Vista Outdoor

A number of large investors have recently modified their holdings of VSTO. Creative Planning boosted its holdings in Vista Outdoor by 7.8% during the 2nd quarter. Creative Planning now owns 9,529 shares of the company’s stock valued at $359,000 after acquiring an additional 693 shares during the period. Algert Global LLC purchased a new position in shares of Vista Outdoor in the second quarter worth $210,000. The Manufacturers Life Insurance Company raised its holdings in Vista Outdoor by 12.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,714 shares of the company’s stock valued at $1,194,000 after buying an additional 3,554 shares during the last quarter. Maverick Capital Ltd. boosted its position in Vista Outdoor by 262.0% during the 2nd quarter. Maverick Capital Ltd. now owns 36,554 shares of the company’s stock valued at $1,376,000 after buying an additional 26,455 shares during the period. Finally, Deerfield Management Company L.P. Series C purchased a new stake in Vista Outdoor during the 2nd quarter valued at $262,000. 90.51% of the stock is owned by hedge funds and other institutional investors.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.