Vista Outdoor (NYSE:VSTO) Sets New 52-Week High at $34.42

Vista Outdoor Inc. (NYSE:VSTO) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $34.42 and last traded at $34.11, with a volume of 232816 shares traded. The stock had previously closed at $32.36.

Analyst Ratings Changes

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

Vista Outdoor Stock Up 5.8 %

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 2.58. The stock has a market capitalization of $1.99 billion, a PE ratio of -5.71 and a beta of 0.96. The business has a 50 day moving average of $31.89 and a two-hundred day moving average of $29.28.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VSTO. Fifth Third Bancorp grew its holdings in 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 acquiring an additional 655 shares during the period. CWM LLC grew its holdings in Vista Outdoor by 68.4% during the third quarter. CWM LLC now owns 997 shares of the company’s stock worth $33,000 after acquiring an additional 405 shares during the period. Ancora Advisors LLC grew its holdings in 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 acquiring an additional 975 shares during the period. NBC Securities Inc. acquired a new stake in Vista Outdoor during the third quarter worth about $78,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Vista Outdoor in the third quarter valued at approximately $136,000. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

Vista Outdoor Company Profile

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.