StockNews.com Begins Coverage on Vista Outdoor (NYSE:VSTO)

Equities researchers at StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report issued on Monday. The firm set a “buy” rating on the stock.

VSTO has been the subject of a number of other reports. Roth Mkm upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $31.00 to $38.00 in a research report on Thursday, April 4th. Monness Crespi & Hardt boosted their target price 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. Finally, Roth Capital upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $34.67.

Vista Outdoor Price Performance

NYSE VSTO opened at $34.97 on Monday. The firm has a market capitalization of $2.03 billion, a P/E ratio of -5.85 and a beta of 0.96. 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 12-month low of $23.33 and a 12-month high of $35.09. The firm’s fifty day simple moving average is $32.33 and its two-hundred day simple moving average is $29.39.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.04). The company 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%. Analysts forecast that Vista Outdoor will post 3.87 EPS for the current fiscal year.

Institutional Trading of Vista Outdoor

Several large investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC grew its stake in Vista Outdoor by 1.5% during the 4th 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 in the last quarter. CWM LLC grew its stake in Vista Outdoor by 68.4% during the 3rd quarter. CWM LLC now owns 997 shares of the company’s stock valued at $33,000 after acquiring an additional 405 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Vista Outdoor by 3.1% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 16,501 shares of the company’s stock valued at $547,000 after buying an additional 490 shares during the period. Arizona State Retirement System grew its stake in shares of Vista Outdoor by 3.9% in the 3rd quarter. Arizona State Retirement System now owns 16,510 shares of the company’s stock valued at $547,000 after buying an additional 617 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Vista Outdoor by 208.6% in the 3rd quarter. Fifth Third Bancorp now owns 969 shares of the company’s stock valued at $32,000 after buying an additional 655 shares during the period. Hedge funds and other institutional investors 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.