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

StockNews.com initiated coverage on shares of Vista Outdoor (NYSE:VSTO - Free Report) in a research note issued to investors on Friday morning. The brokerage issued a buy rating on the stock.

VSTO has been the topic of a number of other research reports. Roth Capital downgraded Vista Outdoor from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 19th. 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 report on Wednesday, August 7th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating in a report on Monday, October 7th. Roth Mkm lowered shares of 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. Finally, Aegis raised shares of Vista Outdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $41.20.

Vista Outdoor Stock Performance

Shares of VSTO traded up $0.03 during mid-day trading on Friday, hitting $44.14. The stock had a trading volume of 280,748 shares, compared to its average volume of 597,616. Vista Outdoor has a 52 week low of $25.25 and a 52 week 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 business has a fifty day moving average price of $42.08 and a 200-day moving average price of $38.70. The firm has a market cap of $2.58 billion, a P/E ratio of -245.39 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. Vista Outdoor's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. On average, equities research analysts expect that Vista Outdoor will post 3.98 EPS for the current year.

Hedge Funds Weigh In On Vista Outdoor

Several institutional investors and hedge funds have recently bought and sold shares of VSTO. Westchester Capital Management LLC bought a new position in shares of Vista Outdoor during the 3rd quarter valued at approximately $34,842,000. Slotnik Capital LLC lifted its holdings in Vista Outdoor by 528.8% during the 3rd quarter. Slotnik Capital LLC now owns 503,000 shares of the company's stock valued at $19,708,000 after buying an additional 423,000 shares in the last quarter. Verition Fund Management LLC boosted its position in Vista Outdoor by 4,019.4% in 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 during the period. American Century Companies Inc. increased its position in shares of Vista Outdoor by 19.2% during 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 during the period. Finally, Marshall Wace LLP boosted its holdings in shares of Vista Outdoor by 2,197.0% in the second quarter. Marshall Wace LLP now owns 193,610 shares of the company's stock valued at $7,289,000 after purchasing an additional 185,181 shares during the period. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

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.