Vista Outdoor (NYSE:VSTO) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report sent to investors on Saturday. The firm issued a buy rating on the stock.

Several other research analysts have also issued reports on the stock. Roth Capital raised shares of Vista Outdoor from a neutral rating to a buy rating in a research report on Thursday, April 4th. Roth Mkm raised shares of Vista Outdoor from a neutral rating to a buy rating and increased their price target for the stock from $31.00 to $38.00 in a research report on Thursday, April 4th. Finally, Monness Crespi & Hardt increased 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. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $34.67.

Vista Outdoor Stock Performance

NYSE:VSTO opened at $32.47 on Friday. Vista Outdoor has a 12-month low of $23.33 and a 12-month high of $33.96. The company has a quick ratio of 1.09, a current ratio of 2.58 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1.89 billion, a PE ratio of -5.43 and a beta of 0.96. The firm has a 50-day moving average price of $31.70 and a 200 day moving average price of $29.27.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.04). Vista Outdoor had a positive return on equity of 20.00% and a negative net margin of 12.17%. The business had revenue of $682.25 million during the quarter, compared to analyst estimates of $687.85 million. Research analysts anticipate that Vista Outdoor will post 3.87 earnings per share for the current fiscal year.

Institutional Trading of Vista Outdoor

Several hedge funds have recently modified their holdings of VSTO. Quarry LP acquired a new stake in shares of Vista Outdoor during the second quarter worth approximately $26,000. Fifth Third Bancorp increased its holdings in shares of Vista Outdoor by 208.6% during the third quarter. Fifth Third Bancorp now owns 969 shares of the company’s stock worth $32,000 after buying an additional 655 shares in the last quarter. CWM LLC increased its holdings in shares of Vista Outdoor by 68.4% during the third quarter. CWM LLC now owns 997 shares of the company’s stock worth $33,000 after buying an additional 405 shares in the last quarter. Ancora Advisors LLC increased its holdings in shares of Vista Outdoor by 162.5% during the third quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock worth $52,000 after buying an additional 975 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Vista Outdoor by 794.0% in the first quarter. Tower Research Capital LLC TRC now owns 1,949 shares of the company’s stock valued at $54,000 after purchasing an additional 1,731 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.

About Vista Outdoor

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.