Vista Outdoor (NYSE:VSTO) Sets New 52-Week High at $35.31

Vista Outdoor Inc. (NYSE:VSTO)’s share price hit a new 52-week high on Monday . The stock traded as high as $35.31 and last traded at $35.20, with a volume of 50119 shares. The stock had previously closed at $34.97.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VSTO shares. Roth Capital upgraded Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Roth Mkm upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and upped their target price for the company from $31.00 to $38.00 in a report on Thursday, April 4th. Monness Crespi & Hardt lifted their price target on Vista Outdoor from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, StockNews.com began coverage on shares of Vista Outdoor in a report on Monday. They issued a “buy” rating for the company. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $34.67.

Vista Outdoor Stock Down 0.7 %

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 2.58. The firm has a 50 day simple moving average of $32.44 and a 200-day simple moving average of $29.41.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results 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 business had revenue of $682.25 million for 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%. As a group, equities research analysts anticipate that Vista Outdoor Inc. will post 3.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VSTO. Fifth Third Bancorp raised 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 acquiring an additional 655 shares during the period. CWM LLC raised its position in 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. Ancora Advisors LLC lifted its stake in Vista Outdoor by 162.5% during the third quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock worth $52,000 after purchasing an additional 975 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Vista Outdoor during the third quarter worth $78,000. Finally, Priebe Wealth Holdings LLC purchased a new position in shares of Vista Outdoor during the first quarter worth $203,000. Institutional investors and hedge funds own 90.51% of the company’s stock.

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.