Vista Outdoor (NYSE:VSTO) Hits New 1-Year High at $35.31

Vista Outdoor Inc. (NYSE:VSTO) reached a new 52-week high on Monday . The stock traded as high as $35.31 and last traded at $35.20, with a volume of 50119 shares trading hands. The stock had previously closed at $34.97.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. StockNews.com initiated coverage on Vista Outdoor in a report on Monday. They issued a “buy” rating on the stock. Roth Capital raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research note on Thursday, April 4th. Roth Mkm raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $31.00 to $38.00 in a research note on Thursday, April 4th. Finally, Monness Crespi & Hardt upped their target price on Vista Outdoor from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $34.67.

Vista Outdoor Trading Up 0.7 %

The business’s 50 day moving average price is $32.33 and its 200-day moving average price is $29.39. The company has a current ratio of 2.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data 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). The firm had revenue of $682.25 million for the quarter, compared to analysts’ expectations of $687.85 million. Vista Outdoor had a negative net margin of 12.17% and a positive return on equity of 20.00%. Equities analysts anticipate that Vista Outdoor Inc. will post 3.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

Large investors have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Vista Outdoor by 68.4% during the 3rd quarter. CWM LLC now owns 997 shares of the company’s stock valued at $33,000 after acquiring an additional 405 shares during the last quarter. Tectonic Advisors LLC boosted its holdings in shares of Vista Outdoor by 10.8% in the third quarter. Tectonic Advisors LLC now owns 39,109 shares of the company’s stock worth $1,295,000 after buying an additional 3,806 shares during the period. Raymond James & Associates boosted its holdings in shares of Vista Outdoor by 3.7% during the third quarter. Raymond James & Associates now owns 95,881 shares of the company’s stock worth $3,176,000 after purchasing an additional 3,435 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in Vista Outdoor in the third quarter valued at approximately $219,000. Finally, Brown Advisory Inc. raised its position in shares of Vista Outdoor by 2.6% in the third quarter. Brown Advisory Inc. now owns 1,154,590 shares of the company’s stock valued at $38,240,000 after purchasing an additional 28,996 shares during the period. 90.51% of the stock is owned by institutional investors and hedge funds.

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.