Vista Outdoor (NYSE:VSTO) Earns Buy Rating from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Vista Outdoor (NYSE:VSTO) in a research note issued on Sunday. The firm set a “buy” rating on the stock.

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

Vista Outdoor Stock Performance

VSTO stock opened at $32.36 on Friday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -5.41 and a beta of 0.96. The firm has a 50-day simple moving average of $31.89 and a two-hundred day simple moving average of $29.29. Vista Outdoor has a one year low of $23.33 and a one year high of $33.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 2.58.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.04). The firm had revenue of $682.25 million for 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%. On average, equities analysts forecast that Vista Outdoor will post 3.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Vista Outdoor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Vista Outdoor during the 2nd quarter worth approximately $26,000. Fifth Third Bancorp increased its holdings in Vista Outdoor by 208.6% in the 3rd quarter. Fifth Third Bancorp now owns 969 shares of the company’s stock worth $32,000 after acquiring an additional 655 shares in the last quarter. CWM LLC increased its holdings in Vista Outdoor by 68.4% in the 3rd quarter. CWM LLC now owns 997 shares of the company’s stock worth $33,000 after acquiring an additional 405 shares in the last quarter. Ancora Advisors LLC increased its holdings in Vista Outdoor by 162.5% in the 3rd quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock worth $52,000 after acquiring an additional 975 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Vista Outdoor by 794.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,949 shares of the company’s stock worth $54,000 after acquiring an additional 1,731 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.

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.