Vista Outdoor (NYSE:VSTO) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Vista Outdoor (NYSE:VSTO) in a research report report published on Sunday morning. The brokerage issued a buy rating on the stock.

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

Vista Outdoor Trading Down 1.1 %

NYSE:VSTO opened at $34.47 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.58 and a quick ratio of 1.09. Vista Outdoor has a fifty-two week low of $23.33 and a fifty-two week high of $34.99. The stock’s 50-day moving average is $32.06 and its two-hundred day moving average is $29.33. The stock has a market cap of $2.00 billion, a PE ratio of -5.76 and a beta of 0.96.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Wednesday, January 31st. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate 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 negative net margin of 12.17% and a positive return on equity of 20.00%. As a group, equities research analysts forecast that Vista Outdoor will post 3.87 earnings per share for the current fiscal year.

Institutional Trading of Vista Outdoor

A number of large investors have recently bought and sold shares of the stock. UBS Group AG lifted its stake in Vista Outdoor by 10.7% in the third quarter. UBS Group AG now owns 184,789 shares of the company’s stock valued at $6,120,000 after buying an additional 17,906 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Vista Outdoor by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 796,904 shares of the company’s stock worth $26,393,000 after purchasing an additional 54,915 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Vista Outdoor by 172.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 471,284 shares of the company’s stock worth $13,936,000 after purchasing an additional 298,199 shares during the period. Quantedge Capital Pte Ltd acquired a new stake in shares of Vista Outdoor during the third quarter worth about $785,000. Finally, American Century Companies Inc. raised its position in shares of Vista Outdoor by 16.6% during the third quarter. American Century Companies Inc. now owns 865,399 shares of the company’s stock worth $28,662,000 after purchasing an additional 123,307 shares during the period. 90.51% of the stock is currently owned by institutional investors.

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.