Vista Outdoor Inc. (NYSE:VSTO) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Vista Outdoor Inc. (NYSE:VSTO - Get Free Report) have been assigned an average recommendation of "Hold" from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation. The average 1-year price objective among analysts that have covered the stock in the last year is $41.20.

A number of equities analysts recently issued reports on VSTO shares. Roth Capital downgraded shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 19th. StockNews.com started coverage on Vista Outdoor in a research note on Friday, November 15th. They set a "buy" rating on the stock. Aegis lowered Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 15th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating in a report on Monday, October 7th. Finally, Roth Mkm downgraded shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $42.00 price objective on the stock. in a research report on Thursday, September 19th.

Institutional Investors Weigh In On Vista Outdoor

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Vista Outdoor by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,355,917 shares of the company's stock worth $53,135,000 after buying an additional 17,621 shares in the last quarter. Tenzing Global Management LLC grew its holdings in Vista Outdoor by 7.7% during the 3rd quarter. Tenzing Global Management LLC now owns 350,000 shares of the company's stock worth $13,713,000 after acquiring an additional 25,000 shares during the last quarter. State Street Corp raised its position in shares of Vista Outdoor by 1.6% in the 3rd quarter. State Street Corp now owns 2,180,898 shares of the company's stock valued at $85,448,000 after acquiring an additional 35,003 shares during the period. HighTower Advisors LLC increased its holdings in Vista Outdoor by 23.5% during the 3rd quarter. HighTower Advisors LLC now owns 11,259 shares of the company's stock worth $442,000 after purchasing an additional 2,140 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in Vista Outdoor by 11,040.2% in the third quarter. Benjamin Edwards Inc. now owns 13,034 shares of the company's stock valued at $511,000 after purchasing an additional 12,917 shares in the last quarter. Hedge funds and other institutional investors own 90.51% of the company's stock.

Vista Outdoor Trading Down 0.2 %

VSTO stock traded down $0.09 during mid-day trading on Wednesday, hitting $44.15. The company had a trading volume of 523,933 shares, compared to its average volume of 598,546. The stock's fifty day moving average price is $42.44 and its two-hundred day moving average price is $38.94. Vista Outdoor has a 12 month low of $25.57 and a 12 month high of $44.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90.

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

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.