Vista Outdoor Inc. (NYSE:VSTO) Short Interest Update

Vista Outdoor Inc. (NYSE:VSTO) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,280,000 shares, a growth of 23.9% from the October 31st total of 1,840,000 shares. Based on an average daily trading volume, of 719,700 shares, the short-interest ratio is presently 3.2 days. Approximately 4.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Vista Outdoor

A number of institutional investors have recently modified their holdings of VSTO. Blue Trust Inc. bought a new stake in shares of Vista Outdoor during the second quarter worth approximately $36,000. Sound Income Strategies LLC acquired a new position in Vista Outdoor during the third quarter valued at approximately $41,000. Innealta Capital LLC acquired a new position in Vista Outdoor during the second quarter valued at approximately $76,000. Headlands Technologies LLC acquired a new position in Vista Outdoor during the second quarter valued at approximately $91,000. Finally, Priebe Wealth Holdings LLC acquired a new position in Vista Outdoor during the third quarter valued at approximately $204,000. 90.51% of the stock is owned by institutional investors.

Vista Outdoor Price Performance

VSTO stock remained flat at $44.63 during trading on Monday. Vista Outdoor has a 1 year low of $26.05 and a 1 year high of $44.72. The company has a market capitalization of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79. The company has a 50 day moving average of $43.20 and a 200-day moving average of $39.46. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The firm had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. During the same period last year, the firm posted $0.96 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities research analysts expect that Vista Outdoor will post 4 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on VSTO. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Thursday, September 19th. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research report on Wednesday, August 7th. Finally, StockNews.com began coverage on shares of Vista Outdoor in a research report on Sunday. They issued a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Vista Outdoor has a consensus rating of “Hold” and an average target price of $41.20.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.