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

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO) in a report released on Tuesday morning. The brokerage issued a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a report on Thursday, September 19th. Aegis cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Stock Performance

Shares of VSTO stock opened at $44.63 on Tuesday. The stock’s 50-day moving average price is $44.30 and its 200-day moving average price is $40.38. Vista Outdoor has a 12-month low of $26.05 and a 12-month high of $44.72. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -247.94 and a beta of 0.79. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The business had revenue of $665.92 million for the quarter, compared to analysts’ expectations of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. Equities research analysts predict that Vista Outdoor will post 4 EPS for the current fiscal year.

Hedge Funds Weigh In On Vista Outdoor

Several hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new stake in Vista Outdoor in the second quarter worth about $36,000. Sound Income Strategies LLC purchased a new stake in shares of Vista Outdoor in the third quarter worth approximately $41,000. Innealta Capital LLC bought a new stake in shares of Vista Outdoor during the 2nd quarter worth approximately $76,000. Headlands Technologies LLC bought a new stake in shares of Vista Outdoor during the 2nd quarter worth approximately $91,000. Finally, Priebe Wealth Holdings LLC purchased a new position in Vista Outdoor during the 3rd quarter valued at $204,000. 90.51% of the stock is currently owned by institutional investors.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.