Vista Outdoor (NYSE:VSTO) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note issued to investors on Saturday. The brokerage issued a buy rating on the stock.

Several other analysts have also recently commented on VSTO. Roth Mkm upgraded shares of Vista Outdoor from a neutral rating to a buy rating and raised their price target for the stock from $31.00 to $38.00 in a report on Thursday, April 4th. Monness Crespi & Hardt raised their price target on shares of Vista Outdoor from $34.00 to $37.00 and gave the stock a buy rating in a report on Friday, February 2nd. Finally, Roth Capital upgraded shares of Vista Outdoor from a neutral rating to a buy rating in a report on Thursday, April 4th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $34.67.

Vista Outdoor Stock Down 1.5 %

Vista Outdoor stock opened at $32.88 on Friday. The firm’s 50 day simple moving average is $31.64 and its 200-day simple moving average is $29.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.58 and a quick ratio of 1.09. Vista Outdoor has a fifty-two week low of $23.33 and a fifty-two week high of $33.96.

Vista Outdoor (NYSE:VSTO) last released 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 positive return on equity of 20.00% and a negative net margin of 12.17%. Analysts anticipate that Vista Outdoor will post 3.87 earnings per share for the current fiscal year.

Institutional Trading of Vista Outdoor

A number of institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its stake in Vista Outdoor by 3.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,246 shares of the company’s stock valued at $314,000 after acquiring an additional 323 shares during the last quarter. Rhumbline Advisers lifted its stake in Vista Outdoor by 0.3% in the first quarter. Rhumbline Advisers now owns 125,532 shares of the company’s stock valued at $4,480,000 after acquiring an additional 334 shares during the last quarter. Vident Advisory LLC lifted its stake in Vista Outdoor by 3.2% in the fourth quarter. Vident Advisory LLC now owns 11,480 shares of the company’s stock valued at $339,000 after acquiring an additional 356 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Vista Outdoor by 1.5% in the fourth quarter. SummerHaven Investment Management LLC now owns 25,307 shares of the company’s stock valued at $748,000 after acquiring an additional 373 shares during the last quarter. Finally, CWM LLC raised its position in shares of Vista Outdoor by 68.4% in the third quarter. CWM LLC now owns 997 shares of the company’s stock valued at $33,000 after purchasing an additional 405 shares during the period. 90.51% of the stock is currently 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.