Vista Outdoor (NYSE:VSTO – Get Rating) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Wednesday.
VSTO has been the subject of several other research reports. Jefferies Financial Group began coverage on shares of Vista Outdoor in a research report on Tuesday, September 20th. They issued a "hold" rating and a $26.00 price target for the company. Roth Capital lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $53.00 to $32.00 in a research note on Tuesday, July 26th. Lake Street Capital dropped their price objective on shares of Vista Outdoor from $63.00 to $53.00 in a research note on Friday, July 29th. MKM Partners began coverage on shares of Vista Outdoor in a research note on Wednesday, July 13th. They issued a "buy" rating and a $54.00 price objective on the stock. Finally, KeyCorp lowered shares of Vista Outdoor to a "sector weight" rating in a research note on Tuesday, July 19th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.38.
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Vista Outdoor Stock Up 0.2 %
NYSE VSTO opened at $24.26 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.81 and a quick ratio of 1.24. The company's 50 day simple moving average is $28.93 and its 200 day simple moving average is $32.73. Vista Outdoor has a 12 month low of $23.90 and a 12 month high of $52.69. The company has a market capitalization of $1.37 billion, a P/E ratio of 2.87 and a beta of 0.71.
Vista Outdoor (NYSE:VSTO – Get Rating) last released its earnings results on Wednesday, July 27th. The company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.39. The business had revenue of $802.61 million for the quarter, compared to the consensus estimate of $785.03 million. Vista Outdoor had a net
margin of 15.59% and a return on equity of 47.97%. Equities research analysts expect that Vista Outdoor will post 7.11 earnings per share for the current fiscal year.
Institutional Trading of Vista Outdoor
A number of hedge funds have recently bought and sold shares of VSTO. JPMorgan Chase & Co. lifted its holdings in shares of Vista Outdoor by 8.4% during the 4th quarter. JPMorgan Chase & Co. now owns 143,782 shares of the company's stock worth $6,623,000 after acquiring an additional 11,123 shares during the period. Geode Capital Management LLC increased its position in shares of Vista Outdoor by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 1,065,897 shares of the company's stock worth $49,105,000 after purchasing an additional 70,756 shares in the last quarter. Barclays PLC increased its position in Vista Outdoor by 55.1% in the 4th quarter. Barclays PLC now owns 87,373 shares of the company's stock valued at $4,026,000 after acquiring an additional 31,050 shares in the last quarter. Nuveen Asset Management LLC increased its position in Vista Outdoor by 4.0% in the 4th quarter. Nuveen Asset Management LLC now owns 386,955 shares of the company's stock valued at $15,614,000 after acquiring an additional 14,906 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in Vista Outdoor in the 4th quarter valued at about $509,000. 86.83% of the stock is owned by institutional investors.
Vista Outdoor Company Profile
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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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