Vista Outdoor (NYSE:VSTO) Now Covered by Analysts at StockNews.com

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

A number of other equities research analysts have also issued reports on the company. Roth Mkm lowered Vista Outdoor from a "buy" rating to a "neutral" rating and set a $42.00 target price on the stock. in a research note on Thursday, September 19th. Aegis raised Vista Outdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 14th. Roth Capital downgraded shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 19th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating in a report on Monday, October 7th. Finally, B. Riley downgraded shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 price target for the company. in a report on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.20.

Vista Outdoor Price Performance

Shares of VSTO stock traded down $0.02 during mid-day trading on Tuesday, reaching $44.15. The stock had a trading volume of 732,586 shares, compared to its average volume of 584,227. The company has a market cap of $2.58 billion, a P/E ratio of -339.92 and a beta of 0.81. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. Vista Outdoor has a 12-month low of $23.33 and a 12-month high of $44.40. The business has a 50-day simple moving average of $40.35 and a 200 day simple moving average of $37.43.

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

Institutional Investors Weigh In On Vista Outdoor

A number of institutional investors have recently added to or reduced their stakes in VSTO. American Century Companies Inc. increased its position in shares of Vista Outdoor by 19.2% in the second quarter. American Century Companies Inc. now owns 1,352,785 shares of the company's stock worth $50,932,000 after acquiring an additional 218,018 shares in the last quarter. Marshall Wace LLP boosted its position in Vista Outdoor by 2,197.0% during the 2nd quarter. Marshall Wace LLP now owns 193,610 shares of the company's stock worth $7,289,000 after purchasing an additional 185,181 shares during the period. Capstone Investment Advisors LLC acquired a new stake in Vista Outdoor in the 1st quarter valued at $2,711,000. Slotnik Capital LLC purchased a new position in Vista Outdoor in the second quarter valued at about $3,012,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Vista Outdoor during the second quarter worth about $2,948,000. Hedge funds and other institutional investors 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 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.