Vista Outdoor (NYSE:VSTO) Reaches New 12-Month High at $35.83

Shares of Vista Outdoor Inc. (NYSE:VSTO) hit a new 52-week high during trading on Monday . The stock traded as high as $35.83 and last traded at $35.83, with a volume of 22593 shares. The stock had previously closed at $35.37.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Monness Crespi & Hardt upped their price target on shares of Vista Outdoor from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Roth Mkm upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $31.00 to $38.00 in a research report on Thursday, April 4th. StockNews.com began coverage on Vista Outdoor in a report on Monday, April 29th. They set a “buy” rating for the company. Finally, Roth Capital upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a report on Thursday, April 4th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $34.67.

Vista Outdoor Stock Up 0.8 %

The business’s 50-day moving average is $32.84 and its two-hundred day moving average is $29.65. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -5.91 and a beta of 0.93. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 2.58.

Institutional Trading of Vista Outdoor

Hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its position in shares of 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 purchasing an additional 655 shares during the period. Ancora Advisors LLC raised its holdings in shares of 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. bought a new stake in Vista Outdoor in the 3rd quarter valued at $78,000. Priebe Wealth Holdings LLC acquired a new position in Vista Outdoor in the 1st quarter worth $203,000. Finally, Purus Wealth Management LLC bought a new position in Vista Outdoor during the 1st quarter worth about $204,000. Institutional investors and hedge funds 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.