Vista Outdoor (NYSE:VSTO) Rating Reiterated by Aegis

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

A number of other brokerages also recently issued reports on VSTO. StockNews.com raised Vista Outdoor from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet upgraded Vista Outdoor from a “c” rating to a “b-” rating in a research note on Wednesday, July 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.00.

Vista Outdoor Price Performance

Vista Outdoor stock opened at $29.72 on Tuesday. The firm has a market cap of $1.72 billion, a P/E ratio of -20.64 and a beta of 0.92. The stock’s 50 day moving average is $29.14 and its 200 day moving average is $27.84. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.33 and a quick ratio of 0.97. Vista Outdoor has a one year low of $22.97 and a one year high of $32.05.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.12 EPS for the quarter, beating 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 company had revenue of $693.30 million for the quarter, compared to analyst estimates of $711.87 million. During the same period in the prior year, the firm posted $2.31 EPS. The company’s quarterly revenue was down 13.7% on a year-over-year basis. As a group, research analysts expect that Vista Outdoor will post 4.72 EPS for the current year.

Institutional Investors Weigh In On Vista Outdoor

Large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its stake in shares of Vista Outdoor by 76.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,825 shares of the company’s stock valued at $1,100,000 after buying an additional 13,341 shares during the period. Cetera Advisor Networks LLC purchased a new position in shares of Vista Outdoor in the first quarter worth about $398,000. Private Advisor Group LLC bought a new stake in shares of Vista Outdoor in the first quarter valued at approximately $253,000. Citigroup Inc. lifted its stake in shares of Vista Outdoor by 8.5% during the 1st quarter. Citigroup Inc. now owns 52,150 shares of the company’s stock valued at $1,861,000 after buying an additional 4,087 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in Vista Outdoor by 56.3% in the 1st quarter. MetLife Investment Management LLC now owns 31,266 shares of the company’s stock valued at $1,116,000 after buying an additional 11,257 shares in the last quarter. 82.39% of the stock is owned by hedge funds and other institutional investors.

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.