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

StockNews.com began coverage on shares of Vista Outdoor (NYSE:VSTO - Free Report) in a research report report published on Saturday morning. The firm issued a buy rating on the stock.

Several other equities research analysts also recently weighed in on 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 report on Thursday, September 19th. B. Riley lowered Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 target price on the stock. in a research note on Wednesday, August 7th. Aegis lowered Vista Outdoor from a "strong-buy" rating to a "hold" rating in a report on Friday, November 15th. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a "buy" rating to a "neutral" rating in a research report on Monday, October 7th. Finally, Roth Capital cut shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $41.20.

Vista Outdoor Stock Up 0.4 %

Shares of VSTO stock traded up $0.17 during trading hours on Friday, reaching $44.42. 445,403 shares of the stock were exchanged, compared to its average volume of 706,735. Vista Outdoor has a 12-month low of $26.05 and a 12-month high of $44.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26. The company's 50-day moving average price is $42.71 and its 200-day moving average price is $39.08.

Vista Outdoor (NYSE:VSTO - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The firm had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. During the same period in the prior year, the business earned $0.96 EPS. The business's revenue for the quarter was down 1.6% on a year-over-year basis. Analysts expect that Vista Outdoor will post 4 earnings per share for the current fiscal year.

Institutional Trading of Vista Outdoor

Hedge funds have recently bought and sold shares of the business. Westchester Capital Management LLC bought a new stake in Vista Outdoor during the third quarter valued at $34,842,000. Slotnik Capital LLC raised its holdings in Vista Outdoor by 528.8% in the 3rd quarter. Slotnik Capital LLC now owns 503,000 shares of the company's stock worth $19,708,000 after acquiring an additional 423,000 shares during the last quarter. Verition Fund Management LLC lifted its holdings in Vista Outdoor by 4,019.4% during the 3rd quarter. Verition Fund Management LLC now owns 316,494 shares of the company's stock valued at $12,400,000 after buying an additional 308,811 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Vista Outdoor by 19.2% during the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company's stock worth $50,932,000 after purchasing an additional 218,018 shares during the last quarter. Finally, Marshall Wace LLP increased 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. 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.