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

Equities researchers at StockNews.com began coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note issued to investors on Monday. The firm set a “buy” rating on the stock.

A number of other analysts have also recently commented 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 upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $31.00 to $38.00 in a report on Thursday, April 4th. Finally, Monness Crespi & Hardt increased their target price on Vista Outdoor from $34.00 to $37.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vista Outdoor presently has an average rating of “Buy” and a consensus price target of $34.67.

Vista Outdoor Trading Down 0.7 %

Shares of VSTO stock opened at $35.08 on Monday. Vista Outdoor has a 1-year low of $23.33 and a 1-year high of $35.41. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -5.87 and a beta of 0.96. 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 stock has a 50 day simple moving average of $32.44 and a 200-day simple moving average of $29.41.

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

Institutional Investors Weigh In On Vista Outdoor

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

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.