Vista Outdoor (NYSE:VSTO) Given New $31.00 Price Target at Roth Mkm

Vista Outdoor (NYSE:VSTOFree Report) had its price objective hoisted by Roth Mkm from $29.00 to $31.00 in a report published on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued reports about the stock. TheStreet lowered shares of Vista Outdoor from a b- rating to a c- rating in a research note on Thursday, November 2nd. Monness Crespi & Hardt upped their price target on Vista Outdoor from $34.00 to $37.00 and gave the company a buy rating in a report on Friday. Lake Street Capital reduced their price objective on Vista Outdoor from $38.00 to $29.00 and set a buy rating for the company in a research note on Tuesday, October 17th. Finally, StockNews.com upgraded Vista Outdoor from a buy rating to a strong-buy rating in a research report on Thursday, February 1st. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Buy and an average target price of $32.33.

Read Our Latest Analysis on Vista Outdoor

Vista Outdoor Price Performance

Shares of NYSE:VSTO opened at $29.50 on Friday. The company has a market cap of $1.72 billion, a PE ratio of -4.93 and a beta of 0.93. Vista Outdoor has a fifty-two week low of $23.33 and a fifty-two week high of $33.78. The firm has a 50-day simple moving average of $28.71 and a 200 day simple moving average of $28.57. The company has a quick ratio of 1.09, a current ratio of 2.58 and a debt-to-equity ratio of 0.71.

Insider Activity

In other Vista Outdoor news, CEO Gary L. Mcarthur purchased 1,735 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were purchased at an average cost of $25.94 per share, with a total value of $45,005.90. Following the completion of the transaction, the chief executive officer now owns 94,560 shares of the company’s stock, valued at $2,452,886.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.09% of the company’s stock.

Institutional Investors Weigh In On Vista Outdoor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSTO. Cambridge Investment Research Advisors Inc. grew its stake in shares of Vista Outdoor by 76.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,825 shares of the company’s stock valued at $1,100,000 after buying an additional 13,341 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in Vista Outdoor in the first quarter valued at approximately $398,000. Private Advisor Group LLC bought a new position in shares of Vista Outdoor during the 1st quarter valued at $253,000. Citigroup Inc. raised its holdings in shares of Vista Outdoor by 8.5% during the 1st quarter. Citigroup Inc. now owns 52,150 shares of the company’s stock valued at $1,861,000 after purchasing an additional 4,087 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of Vista Outdoor by 56.3% in the 1st quarter. MetLife Investment Management LLC now owns 31,266 shares of the company’s stock valued at $1,116,000 after purchasing an additional 11,257 shares during the last quarter. Hedge funds and other institutional investors own 82.39% of the company’s stock.

Vista Outdoor Company Profile

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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.

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