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

Equities researchers at StockNews.com began coverage on shares of Vista Outdoor (NYSE:VSTO - Get Free Report) in a research note issued on Wednesday. The firm set a "buy" rating on the stock.

Other equities analysts also recently issued research reports about the stock. Roth Mkm downgraded shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $42.00 price objective for the company. in a research note on Thursday, September 19th. Monness Crespi & Hardt lowered Vista Outdoor from a "buy" rating to a "neutral" rating in a research note on Monday, October 7th. Lake Street Capital raised their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a "hold" rating in a report on Monday, July 15th. Roth Capital downgraded shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 19th. Finally, B. Riley cut shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 price objective on the stock. in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $41.20.

Vista Outdoor Price Performance

NYSE:VSTO traded up $0.11 during trading hours on Wednesday, reaching $44.01. 336,576 shares of the company were exchanged, compared to its average volume of 584,203. The company has a market capitalization of $2.57 billion, a P/E ratio of -337.69 and a beta of 0.81. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. The business has a 50 day moving average of $40.95 and a 200 day moving average of $37.88. Vista Outdoor has a 1-year low of $24.30 and a 1-year high of $44.40.

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 for the quarter, topping 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 business had revenue of $644.18 million during the quarter, compared to analysts' expectations of $664.05 million. During the same quarter in the prior year, the business posted $1.12 earnings per share. Vista Outdoor's revenue was down 7.1% compared to the same quarter last year. Research analysts forecast that Vista Outdoor will post 3.98 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VSTO. American Century Companies Inc. increased its stake in Vista Outdoor by 19.2% in the second quarter. American Century Companies Inc. now owns 1,352,785 shares of the company's stock valued at $50,932,000 after purchasing an additional 218,018 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Vista Outdoor by 2,197.0% in the 2nd quarter. Marshall Wace LLP now owns 193,610 shares of the company's stock valued at $7,289,000 after buying an additional 185,181 shares during the period. Capstone Investment Advisors LLC bought a new stake in Vista Outdoor in the 1st quarter valued at about $2,711,000. Slotnik Capital LLC acquired a new stake in Vista Outdoor in the second quarter valued at approximately $3,012,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Vista Outdoor during the second quarter valued at approximately $2,948,000. 90.51% of the stock is owned by institutional investors and hedge funds.

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.