Vista Outdoor (NYSE:VSTO) Given Buy Rating at Aegis

Vista Outdoor (NYSE:VSTO)‘s stock had its “buy” rating reaffirmed by research analysts at Aegis in a research report issued on Tuesday, PriceTargets.com reports. Aegis also issued estimates for Vista Outdoor’s FY2024 earnings at $4.64 EPS.

Other analysts also recently issued research reports about the stock. StockNews.com raised shares of Vista Outdoor from a “hold” rating to a “buy” rating in a research report on Friday. TheStreet raised shares of Vista Outdoor from a “c” rating to a “b-” rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Vista Outdoor Trading Up 4.6 %

Shares of VSTO stock opened at $29.72 on Tuesday. The company has a market cap of $1.72 billion, a P/E ratio of -20.64 and a beta of 0.92. Vista Outdoor has a fifty-two week low of $22.97 and a fifty-two week high of $32.05. The stock has a 50 day simple moving average of $29.14 and a two-hundred day simple moving average of $27.84. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.33.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.15. Vista Outdoor had a negative net margin of 2.61% and a positive return on equity of 23.80%. The business had revenue of $693.30 million during the quarter, compared to analysts’ expectations of $711.87 million. During the same period last year, the company posted $2.31 earnings per share. The business’s quarterly revenue was down 13.7% on a year-over-year basis. Research analysts forecast that Vista Outdoor will post 4.72 earnings per share for the current year.

Institutional Trading of Vista Outdoor

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Vista Outdoor by 1.6% during the third quarter. BlackRock Inc. now owns 8,716,751 shares of the company’s stock worth $211,992,000 after purchasing an additional 140,072 shares during the last quarter. Gates Capital Management Inc. grew its holdings in Vista Outdoor by 3.2% during the 1st quarter. Gates Capital Management Inc. now owns 5,584,368 shares of the company’s stock valued at $154,743,000 after buying an additional 174,477 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Vista Outdoor by 5.0% during the third quarter. Vanguard Group Inc. now owns 4,938,076 shares of the company’s stock valued at $120,094,000 after buying an additional 234,279 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Vista Outdoor by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,993,183 shares of the company’s stock worth $110,493,000 after buying an additional 152,308 shares in the last quarter. Finally, Cooper Creek Partners Management LLC boosted its position in shares of Vista Outdoor by 3.1% in the first quarter. Cooper Creek Partners Management LLC now owns 2,019,048 shares of the company’s stock valued at $55,948,000 after acquiring an additional 59,918 shares during the period. Institutional investors own 82.39% of the company’s stock.

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.