Vista Outdoor (NYSE:VSTO) Raised to “Buy” at StockNews.com

Vista Outdoor (NYSE:VSTO – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other research analysts also recently weighed in on VSTO. B. Riley reduced their target price on shares of Vista Outdoor from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Lake Street Capital reduced their target price on shares of Vista Outdoor from $45.00 to $35.00 in a research report on Friday, February 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Vista Outdoor presently has an average rating of “Moderate Buy” and a consensus target price of $41.67.

Vista Outdoor Trading Up 1.4 %

Shares of VSTO stock opened at $29.01 on Thursday. Vista Outdoor has a 52-week low of $22.97 and a 52-week high of $41.20. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.99 and a current ratio of 2.39. The company has a 50-day simple moving average of $27.17 and a two-hundred day simple moving average of $27.07. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 4.24 and a beta of 0.96.

Vista Outdoor (NYSE:VSTO – Get Rating) last released its earnings results on Thursday, February 2nd. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.21. Vista Outdoor had a net margin of 12.63% and a return on equity of 33.27%. The firm had revenue of $754.80 million during the quarter, compared to the consensus estimate of $753.72 million. During the same period in the prior year, the firm earned $2.10 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. Research analysts anticipate that Vista Outdoor will post 6.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VSTO. Price T Rowe Associates Inc. MD lifted its stake in Vista Outdoor by 3.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,246 shares of the company’s stock worth $314,000 after purchasing an additional 323 shares in the last quarter. Cetera Advisor Networks LLC lifted its stake in Vista Outdoor by 3.0% in the 2nd quarter. Cetera Advisor Networks LLC now owns 11,486 shares of the company’s stock worth $320,000 after purchasing an additional 331 shares in the last quarter. Rhumbline Advisers lifted its stake in Vista Outdoor by 0.3% in the 1st quarter. Rhumbline Advisers now owns 125,532 shares of the company’s stock worth $4,480,000 after purchasing an additional 334 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Vista Outdoor by 1.5% in the 4th quarter. SummerHaven Investment Management LLC now owns 28,968 shares of the company’s stock worth $706,000 after purchasing an additional 423 shares in the last quarter. Finally, Eagle Bay Advisors LLC raised its position in shares of Vista Outdoor by 54.8% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,300 shares of the company’s stock valued at $32,000 after buying an additional 460 shares in the last quarter. 85.56% of the stock is owned by institutional investors.

About Vista Outdoor

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Vista Outdoor, Inc engages in the design, manufacture, and marketing of consumer products in the outdoor sports and recreation markets. It operates through the following segments: Shooting Sports and Outdoor Products. The Shooting Sports segment is comprised of ammunition and hunting & shooting accessories product lines.