StockNews.com Lowers Vista Outdoor (NYSE:VSTO) to Buy

StockNews.com lowered shares of Vista Outdoor (NYSE:VSTOFree Report) from a strong-buy rating to a buy rating in a research note published on Friday morning.

A number of other research firms also recently issued reports on VSTO. Lake Street Capital dropped their price objective on shares of Vista Outdoor from $38.00 to $29.00 and set a buy rating on the stock in a report on Tuesday, October 17th. TheStreet cut shares of Vista Outdoor from a b- rating to a c- rating in a research report on Thursday, November 2nd. Monness Crespi & Hardt boosted their price target on shares of Vista Outdoor from $34.00 to $37.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Finally, Roth Mkm boosted their price target on shares of Vista Outdoor from $29.00 to $31.00 and gave the stock a neutral rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $32.33.

Check Out Our Latest Analysis on VSTO

Vista Outdoor Stock Performance

Shares of VSTO stock opened at $30.64 on Friday. Vista Outdoor has a one year low of $23.33 and a one year high of $33.78. The company’s 50-day moving average is $28.89 and its 200 day moving average is $28.59. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of -5.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 2.58.

Insiders Place Their Bets

In other Vista Outdoor news, CEO Gary L. Mcarthur bought 1,735 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average price of $25.94 per share, with a total value of $45,005.90. Following the completion of the acquisition, the chief executive officer now directly owns 94,560 shares of the company’s stock, valued at $2,452,886.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.09% of the stock is currently owned by company insiders.

Institutional Trading of Vista Outdoor

Several hedge funds have recently added to or reduced their stakes in VSTO. Cambridge Investment Research Advisors Inc. raised its holdings in Vista Outdoor by 76.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,825 shares of the company’s stock valued at $1,100,000 after acquiring an additional 13,341 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in Vista Outdoor during the first quarter worth approximately $398,000. Private Advisor Group LLC acquired a new stake in Vista Outdoor during the first quarter worth approximately $253,000. Citigroup Inc. grew its position in shares of Vista Outdoor by 8.5% during the first quarter. Citigroup Inc. now owns 52,150 shares of the company’s stock worth $1,861,000 after acquiring an additional 4,087 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Vista Outdoor by 56.3% during the first quarter. MetLife Investment Management LLC now owns 31,266 shares of the company’s stock worth $1,116,000 after acquiring an additional 11,257 shares during the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.

Vista Outdoor Company Profile

(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.

Recommended Stories

Receive News & Ratings for Vista Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vista Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.