Vista Outdoor’s (VSTO) Buy Rating Reaffirmed at Aegis

Aegis restated their buy rating on shares of Vista Outdoor (NYSE:VSTO) in a research report released on Tuesday morning, PriceTargets.com reports. Aegis also issued estimates for Vista Outdoor’s FY2024 earnings at $4.64 EPS.

Several other research firms also recently weighed in on VSTO. TheStreet raised Vista Outdoor from a c rating to a b- rating in a report on Wednesday, July 26th. StockNews.com raised Vista Outdoor from a hold rating to a buy rating in a report on Friday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Vista Outdoor presently has an average rating of Moderate Buy and a consensus target price of $39.00.

Vista Outdoor Trading Up 4.6 %

Shares of VSTO stock opened at $29.72 on Tuesday. The stock’s fifty day moving average price is $29.14 and its two-hundred day moving average price is $27.84. The company has a market cap of $1.72 billion, a PE 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 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 issued its earnings results on Wednesday, July 26th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.15. The firm had revenue of $693.30 million for the quarter, compared to the consensus estimate of $711.87 million. Vista Outdoor had a positive return on equity of 23.80% and a negative net margin of 2.61%. The company’s revenue was down 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 EPS. Equities analysts predict that Vista Outdoor will post 4.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its holdings in Vista Outdoor by 3.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,246 shares of the company’s stock worth $314,000 after buying an additional 323 shares during the period. Rhumbline Advisers lifted its holdings in Vista Outdoor by 0.3% during the 1st quarter. Rhumbline Advisers now owns 125,532 shares of the company’s stock worth $4,480,000 after buying an additional 334 shares during the period. Arizona State Retirement System raised its position in shares of Vista Outdoor by 2.8% in the 1st quarter. Arizona State Retirement System now owns 16,392 shares of the company’s stock worth $454,000 after acquiring an additional 441 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of Vista Outdoor by 6.8% in the 1st quarter. Guggenheim Capital LLC now owns 7,283 shares of the company’s stock worth $260,000 after acquiring an additional 464 shares in the last quarter. Finally, Hancock Whitney Corp raised its position in shares of Vista Outdoor by 5.5% in the 1st quarter. Hancock Whitney Corp now owns 10,145 shares of the company’s stock worth $281,000 after acquiring an additional 530 shares in the last quarter. 82.39% of the stock is owned by institutional investors and hedge funds.

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.