Vista Outdoor Inc. (NYSE:VSTO) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Vista Outdoor Inc. (NYSE:VSTO - Get Free Report) have been assigned an average rating of "Hold" from the six ratings firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $41.20.

A number of equities analysts recently weighed in on VSTO shares. Roth Capital cut Vista Outdoor from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 19th. B. Riley lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 price objective for the company. in a report on Wednesday, August 7th. Lake Street Capital upped their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a "hold" rating in a research note on Monday, July 15th. StockNews.com started coverage on shares of Vista Outdoor in a research report on Tuesday. They issued a "buy" rating on the stock. Finally, Monness Crespi & Hardt lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating in a research report on Monday, October 7th.

Hedge Funds Weigh In On Vista Outdoor

A number of hedge funds have recently modified their holdings of VSTO. Arizona State Retirement System boosted its position in shares of Vista Outdoor by 2.0% during the second quarter. Arizona State Retirement System now owns 15,464 shares of the company's stock valued at $582,000 after purchasing an additional 303 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in shares of Vista Outdoor by 3.7% during the 1st quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company's stock valued at $307,000 after buying an additional 333 shares in the last quarter. SummerHaven Investment Management LLC grew its position in shares of Vista Outdoor by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company's stock worth $982,000 after buying an additional 443 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Vista Outdoor by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company's stock worth $1,103,000 after buying an additional 500 shares during the period. Finally, Highland Capital Management LLC increased its stake in shares of Vista Outdoor by 11.2% in the 3rd quarter. Highland Capital Management LLC now owns 6,307 shares of the company's stock worth $247,000 after acquiring an additional 633 shares in the last quarter. Hedge funds and other institutional investors own 90.51% of the company's stock.

Vista Outdoor Price Performance

Vista Outdoor stock traded up $0.06 during mid-day trading on Friday, hitting $43.92. 529,280 shares of the company traded hands, compared to its average volume of 586,964. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80. Vista Outdoor has a one year low of $24.30 and a one year high of $44.40. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -337.85 and a beta of 0.81. The stock has a fifty day moving average price of $40.76 and a 200-day moving average price of $37.69.

Vista Outdoor (NYSE:VSTO - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. The company had revenue of $644.18 million during the quarter, compared to the consensus estimate of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The firm's revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS. On average, equities analysts predict that Vista Outdoor will post 3.98 earnings per share for the current fiscal year.

Vista Outdoor Company Profile

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.