Vista Outdoor Inc. (NYSE:VSTO) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other research firms have also issued reports on VSTO. Zacks Investment Research upgraded shares of Vista Outdoor from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, August 15th. Forward View set a $23.00 target price on shares of Vista Outdoor and gave the company a “hold” rating in a research report on Sunday, August 13th. Aegis reiterated a “hold” rating and set a $26.00 target price on shares of Vista Outdoor in a research report on Monday, August 21st. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 target price on shares of Vista Outdoor in a research report on Friday, July 14th. Finally, Cowen and Company reiterated a “hold” rating and set a $26.00 target price on shares of Vista Outdoor in a research report on Tuesday, July 11th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.54.

Shares of Vista Outdoor (NYSE VSTO) traded up 2.91% during trading on Friday, reaching $22.65. The company had a trading volume of 1,368,899 shares. Vista Outdoor has a 52-week low of $19.72 and a 52-week high of $41.29. The stock’s market capitalization is $1.29 billion. The stock has a 50 day moving average of $21.68 and a 200 day moving average of $21.14.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.11. The company had revenue of $569.00 million for the quarter, compared to analyst estimates of $552.49 million. Vista Outdoor had a negative net margin of 11.55% and a positive return on equity of 7.02%. The business’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. Equities research analysts forecast that Vista Outdoor will post $1.24 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in VSTO. Louisiana State Employees Retirement System lifted its holdings in Vista Outdoor by 60.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the company’s stock valued at $478,000 after purchasing an additional 8,700 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Vista Outdoor by 1,128.7% during the 1st quarter. Russell Investments Group Ltd. now owns 37,057 shares of the company’s stock valued at $764,000 after purchasing an additional 34,041 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Vista Outdoor by 87.6% during the 1st quarter. Wells Fargo & Company MN now owns 656,363 shares of the company’s stock valued at $13,513,000 after purchasing an additional 306,440 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Vista Outdoor by 137.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 82,265 shares of the company’s stock valued at $1,692,000 after purchasing an additional 47,641 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Vista Outdoor by 18.4% during the 1st quarter. First Trust Advisors LP now owns 263,451 shares of the company’s stock valued at $5,424,000 after purchasing an additional 40,999 shares during the last quarter. 96.45% of the stock is owned by hedge funds and other institutional investors.

Vista Outdoor Company Profile

Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.

Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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