Vista Outdoor (NYSE:VSTO) Now Covered by Analysts at StockNews.com

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

A number of other analysts also recently weighed in on VSTO. Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research report on Thursday, September 19th. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, Aegis downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $41.20.

Vista Outdoor Stock Performance

Vista Outdoor stock opened at $44.63 on Monday. The business has a 50 day moving average of $43.94 and a 200-day moving average of $39.96. Vista Outdoor has a 1 year low of $26.05 and a 1 year high of $44.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26. The company has a market capitalization of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. The business had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 EPS. On average, equities research analysts predict that Vista Outdoor will post 4 earnings per share for the current year.

Institutional Trading of Vista Outdoor

Several large investors have recently modified their holdings of VSTO. Franklin Resources Inc. lifted its holdings in shares of Vista Outdoor by 5.7% in the 3rd quarter. Franklin Resources Inc. now owns 23,425 shares of the company’s stock worth $918,000 after purchasing an additional 1,265 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vista Outdoor by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,355,917 shares of the company’s stock worth $53,135,000 after purchasing an additional 17,621 shares in the last quarter. Tenzing Global Management LLC lifted its holdings in shares of Vista Outdoor by 7.7% in the 3rd quarter. Tenzing Global Management LLC now owns 350,000 shares of the company’s stock worth $13,713,000 after purchasing an additional 25,000 shares in the last quarter. State Street Corp lifted its holdings in shares of Vista Outdoor by 1.6% in the 3rd quarter. State Street Corp now owns 2,180,898 shares of the company’s stock worth $85,448,000 after purchasing an additional 35,003 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Vista Outdoor by 23.5% in the 3rd quarter. HighTower Advisors LLC now owns 11,259 shares of the company’s stock worth $442,000 after purchasing an additional 2,140 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.

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.