Shares of Vista Outdoor Inc. (NYSE:VSTO – Get Rating) have received a consensus recommendation of "Moderate Buy" from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $50.38.

A number of equities research analysts have issued reports on the company. KeyCorp downgraded Vista Outdoor to a "sector weight" rating in a research note on Tuesday, July 19th. Lake Street Capital decreased their price objective on shares of Vista Outdoor from $63.00 to $53.00 in a research report on Friday, July 29th. MKM Partners began coverage on shares of Vista Outdoor in a research note on Wednesday, July 13th. They set a "buy" rating and a $54.00 target price on the stock. Roth Capital lowered Vista Outdoor from a "buy" rating to a "neutral" rating and cut their price target for the stock from $53.00 to $32.00 in a research note on Tuesday, July 26th. Finally, Jefferies Financial Group began coverage on Vista Outdoor in a report on Tuesday, September 20th. They set a "hold" rating and a $26.00 price target on the stock.

Institutional Trading of Vista Outdoor

Several hedge funds have recently bought and sold shares of VSTO. Millennium Management LLC grew its holdings in shares of Vista Outdoor by 121.0% in the fourth quarter. Millennium Management LLC now owns 585,113 shares of the company's stock valued at $26,956,000 after purchasing an additional 320,310 shares in the last quarter. Renaissance Technologies LLC lifted its position in Vista Outdoor by 414.5% during the second quarter. Renaissance Technologies LLC now owns 198,100 shares of the company's stock valued at $5,527,000 after purchasing an additional 159,600 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Vista Outdoor by 930.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 164,720 shares of the company's stock worth $4,596,000 after buying an additional 148,738 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Vista Outdoor in the 2nd quarter worth about $4,112,000. Finally, Gates Capital Management Inc. raised its position in shares of Vista Outdoor by 2.6% during the 1st quarter. Gates Capital Management Inc. now owns 5,483,246 shares of the company's stock valued at $195,697,000 after buying an additional 138,811 shares in the last quarter. Hedge funds and other institutional investors own 86.83% of the company's stock.

Vista Outdoor Stock Down 2.4 %

Vista Outdoor (NYSE:VSTO – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.92 by $0.39. Vista Outdoor had a return on equity of 47.97% and a net margin of 15.59%. The firm had revenue of $802.61 million for the quarter, compared to the consensus estimate of $785.03 million. Research analysts anticipate that Vista Outdoor will post 7.11 EPS for the current year.

About Vista Outdoor

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Vista Outdoor Inc designs, manufactures, and markets consumer products in the outdoor sports and recreation markets in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories that serves hunters, recreational shooters, federal and local law enforcement agencies, and military.

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