Vista Outdoor (NYSE:VSTO) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note issued to investors on Sunday morning. The brokerage issued a buy rating on the stock.

VSTO has been the subject of a number of other reports. Monness Crespi & Hardt raised their price target on Vista Outdoor from $34.00 to $37.00 and gave the stock a buy rating in a report on Friday, February 2nd. Roth Capital raised Vista Outdoor from a neutral rating to a buy rating in a report on Thursday, April 4th. Finally, Roth Mkm raised Vista Outdoor from a neutral rating to a buy rating and raised their price target for the stock from $31.00 to $38.00 in a report on Thursday, April 4th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of Buy and an average target price of $34.67.

Vista Outdoor Stock Performance

NYSE:VSTO opened at $34.47 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.58 and a quick ratio of 1.09. The business has a fifty day simple moving average of $32.06 and a two-hundred day simple moving average of $29.33. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $34.99. The company has a market capitalization of $2.00 billion, a P/E ratio of -5.76 and a beta of 0.96.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Wednesday, January 31st. The company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $682.25 million during the quarter, compared to analysts’ expectations of $687.85 million. On average, analysts expect that Vista Outdoor will post 3.87 earnings per share for the current year.

Institutional Investors Weigh In On Vista Outdoor

Several hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of Vista Outdoor by 68.4% in the third quarter. CWM LLC now owns 997 shares of the company’s stock worth $33,000 after buying an additional 405 shares during the period. Summit Global Investments purchased a new position in Vista Outdoor during the 3rd quarter valued at about $418,000. Counterpoint Mutual Funds LLC purchased a new position in Vista Outdoor during the 3rd quarter valued at about $136,000. Secure Asset Management LLC grew its holdings in shares of Vista Outdoor by 6.5% during the 3rd quarter. Secure Asset Management LLC now owns 35,940 shares of the company’s stock worth $1,190,000 after acquiring an additional 2,198 shares during the period. Finally, Denali Advisors LLC grew its holdings in shares of Vista Outdoor by 122.4% during the 3rd quarter. Denali Advisors LLC now owns 87,170 shares of the company’s stock worth $2,887,000 after acquiring an additional 47,970 shares during the period. Institutional investors 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.