Vista Outdoor Inc. (NYSE:VSTO) Short Interest Down 18.3% in September

Vista Outdoor Inc. (NYSE:VSTO - Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 1,970,000 shares, a decrease of 18.3% from the September 15th total of 2,410,000 shares. Based on an average daily trading volume, of 701,400 shares, the days-to-cover ratio is currently 2.8 days. Currently, 3.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Aegis raised Vista Outdoor from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 14th. StockNews.com began coverage on shares of Vista Outdoor in a research note on Sunday, October 6th. They issued a "buy" rating for the company. B. Riley cut shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 price target on the stock. in a research note on Wednesday, August 7th. Roth Mkm lowered 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 report on Thursday, September 19th. Finally, Roth Capital lowered shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 19th. Five research 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 company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $41.20.

Vista Outdoor Trading Up 0.4 %

Shares of VSTO stock traded up $0.18 during trading hours on Friday, hitting $44.27. 540,127 shares of the company were exchanged, compared to its average volume of 894,564. The firm has a fifty day moving average of $39.65 and a 200 day moving average of $36.95. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $44.40. The firm has a market cap of $2.59 billion, a PE ratio of -340.54 and a beta of 0.81.

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

Institutional Trading of Vista Outdoor

A number of institutional investors and hedge funds have recently bought and sold shares of VSTO. Vanguard Group Inc. boosted its position in shares of Vista Outdoor by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company's stock worth $163,325,000 after buying an additional 54,189 shares during the period. American Century Companies Inc. boosted its holdings in Vista Outdoor by 19.2% in the 2nd 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 during the period. Bank of New York Mellon Corp boosted its holdings in Vista Outdoor by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company's stock worth $19,160,000 after acquiring an additional 5,945 shares during the period. Bridgeway Capital Management LLC grew its position in Vista Outdoor by 7.0% in the first quarter. Bridgeway Capital Management LLC now owns 501,898 shares of the company's stock valued at $16,452,000 after acquiring an additional 32,675 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of Vista Outdoor by 2.5% during the first quarter. Gamco Investors INC. ET AL now owns 410,125 shares of the company's stock valued at $13,444,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds own 90.51% of the company's stock.

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.