Vista Outdoor (NYSE:VSTO) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report report published on Thursday morning. The firm issued a buy rating on the stock.

Several other analysts have also recently issued reports on the stock. Monness Crespi & Hardt upped their price target on shares of Vista Outdoor from $34.00 to $37.00 and gave the company a buy rating in a report on Friday, February 2nd. Roth Mkm upped their price target on shares of Vista Outdoor from $29.00 to $31.00 and gave the company a neutral rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Vista Outdoor currently has a consensus rating of Moderate Buy and a consensus price target of $32.33.

Vista Outdoor Price Performance

Shares of VSTO stock opened at $32.78 on Thursday. The company has a market capitalization of $1.91 billion, a PE ratio of -5.48 and a beta of 0.96. The firm has a fifty day simple moving average of $30.75 and a 200-day simple moving average of $29.09. The company has a current ratio of 2.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. Vista Outdoor has a twelve month low of $23.33 and a twelve month high of $33.96.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Wednesday, January 31st. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.04). The firm had revenue of $682.25 million during the quarter, compared to analysts’ expectations of $687.85 million. Vista Outdoor had a negative net margin of 12.17% and a positive return on equity of 20.00%. Equities research analysts anticipate that Vista Outdoor will post 3.87 earnings per share for the current fiscal year.

Institutional Trading of Vista Outdoor

Several institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Vista Outdoor by 76.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,825 shares of the company’s stock worth $1,100,000 after purchasing an additional 13,341 shares during the period. Cetera Advisor Networks LLC acquired a new stake in shares of Vista Outdoor during the first quarter worth $398,000. Private Advisor Group LLC acquired a new stake in shares of Vista Outdoor during the first quarter worth $253,000. Citigroup Inc. raised its holdings in shares of Vista Outdoor by 8.5% during the first quarter. Citigroup Inc. now owns 52,150 shares of the company’s stock worth $1,861,000 after purchasing an additional 4,087 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in shares of Vista Outdoor by 56.3% in the 1st quarter. MetLife Investment Management LLC now owns 31,266 shares of the company’s stock worth $1,116,000 after acquiring an additional 11,257 shares during the period. 90.51% of the stock is owned by institutional investors and hedge funds.

About Vista Outdoor

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.