Vista Outdoor (NYSE:VSTO) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Vista Outdoor (NYSE:VSTOGet Rating) in a research note issued to investors on Tuesday morning, The Fly reports. The firm issued a hold rating and a $26.00 target price on the stock. Jefferies Financial Group also issued estimates for Vista Outdoor’s Q2 2023 earnings at $1.73 EPS, Q3 2023 earnings at $1.52 EPS, Q4 2023 earnings at $1.35 EPS, FY2023 earnings at $6.90 EPS, Q1 2024 earnings at $2.02 EPS, Q2 2024 earnings at $1.56 EPS, Q3 2024 earnings at $1.19 EPS, Q4 2024 earnings at $1.08 EPS and FY2024 earnings at $5.85 EPS.

Several other analysts also recently issued reports on VSTO. Roth Capital downgraded Vista Outdoor from a buy rating to a neutral rating and dropped their price target for the company from $53.00 to $32.00 in a research note on Tuesday, July 26th. Lake Street Capital dropped their price target on Vista Outdoor from $63.00 to $53.00 in a research note on Friday, July 29th. raised Vista Outdoor from a hold rating to a buy rating in a research note on Thursday, August 25th. MKM Partners assumed coverage on Vista Outdoor in a research note on Wednesday, July 13th. They issued a buy rating and a $54.00 price target on the stock. Finally, KeyCorp downgraded Vista Outdoor to a sector weight rating in a research report on Tuesday, July 19th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from, the company currently has a consensus rating of Moderate Buy and an average price target of $50.38.

Vista Outdoor Stock Performance

VSTO stock opened at $25.28 on Tuesday. The business’s 50-day moving average price is $29.12 and its two-hundred day moving average price is $32.97. The company has a current ratio of 2.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.43 billion, a PE ratio of 2.99 and a beta of 0.71. Vista Outdoor has a 1-year low of $24.98 and a 1-year high of $52.69.

Vista Outdoor (NYSE:VSTOGet Rating) last posted its earnings results on Wednesday, July 27th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.39. The firm had revenue of $802.61 million for the quarter, compared to analyst estimates of $785.03 million. Vista Outdoor had a return on equity of 47.97% and a net margin of 15.59%. As a group, research analysts forecast that Vista Outdoor will post 7.11 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Verition Fund Management LLC bought a new stake in Vista Outdoor during the second quarter worth $808,000. Captrust Financial Advisors grew its holdings in Vista Outdoor by 4.3% during the second quarter. Captrust Financial Advisors now owns 16,658 shares of the company’s stock worth $465,000 after buying an additional 690 shares in the last quarter. Legal & General Group Plc grew its holdings in Vista Outdoor by 0.9% during the second quarter. Legal & General Group Plc now owns 165,683 shares of the company’s stock worth $4,622,000 after buying an additional 1,437 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in Vista Outdoor in the 2nd quarter valued at $2,344,000. Finally, Thrivent Financial for Lutherans grew its stake in Vista Outdoor by 20.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 55,109 shares of the company’s stock valued at $1,538,000 after purchasing an additional 9,310 shares during the period. Hedge funds and other institutional investors own 86.83% of the company’s stock.

Vista Outdoor Company Profile

(Get Rating)

Vista Outdoor Inc designs, manufactures, and markets consumer products in the outdoor sports and recreation markets 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 that serves hunters, recreational shooters, federal and local law enforcement agencies, and military.

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