Lake Street Capital began coverage on shares of Vista Outdoor (NYSE:VSTO) in a report released on Tuesday, Briefing.com Automated Import reports. The brokerage issued a buy rating and a $11.00 price target on the stock.

A number of other research firms have also recently commented on VSTO. Zacks Investment Research cut G1 Therapeutics from a buy rating to a hold rating in a research note on Thursday, May 16th. B. Riley set a $36.00 target price on SeaWorld Entertainment and gave the company a buy rating in a research note on Monday. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Monness Crespi & Hardt raised Vista Outdoor from a neutral rating to a buy rating and set a $12.00 target price on the stock in a research note on Friday, May 10th. Finally, Cowen reaffirmed a hold rating on shares of PDL BioPharma in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $14.00.

Shares of NYSE VSTO opened at $8.37 on Tuesday. The stock’s 50 day moving average is $8.46. The company has a quick ratio of 1.88, a current ratio of 2.96 and a debt-to-equity ratio of 1.12. Vista Outdoor has a 1-year low of $7.47 and a 1-year high of $19.41. The company has a market capitalization of $485.47 million, a PE ratio of 59.79 and a beta of 0.37.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.12). Vista Outdoor had a positive return on equity of 0.89% and a negative net margin of 31.50%. The company had revenue of $515.34 million for the quarter, compared to the consensus estimate of $503.17 million. During the same period in the previous year, the firm earned ($0.22) earnings per share. The company’s revenue was down 9.8% compared to the same quarter last year. As a group, equities analysts predict that Vista Outdoor will post 0.26 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. grew its stake in shares of Vista Outdoor by 4.3% in the second quarter. Crossmark Global Holdings Inc. now owns 29,970 shares of the company’s stock worth $266,000 after acquiring an additional 1,224 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of Vista Outdoor during the 1st quarter worth $344,000. Frontier Capital Management Co. LLC lifted its position in shares of Vista Outdoor by 12.4% during the 1st quarter. Frontier Capital Management Co. LLC now owns 5,305,969 shares of the company’s stock worth $42,501,000 after purchasing an additional 586,071 shares during the last quarter. First Mercantile Trust Co. lifted its position in shares of Vista Outdoor by 24.9% during the 1st quarter. First Mercantile Trust Co. now owns 38,829 shares of the company’s stock worth $311,000 after purchasing an additional 7,752 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in shares of Vista Outdoor by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 39,103 shares of the company’s stock worth $313,000 after purchasing an additional 1,425 shares during the last quarter. 94.25% of the stock is currently owned by hedge funds and other institutional investors.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.

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Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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