Vista Outdoor (NYSE:VSTO – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
Separately, TheStreet upgraded shares of Vista Outdoor from a “c” rating to a “b-” rating in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.00.
Vista Outdoor Stock Up 0.9 %
VSTO stock opened at $28.07 on Thursday. The firm has a 50 day moving average of $29.07 and a 200 day moving average of $27.82. The stock has a market capitalization of $1.63 billion, a PE ratio of -19.49 and a beta of 0.92. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 0.75. Vista Outdoor has a 52 week low of $22.97 and a 52 week high of $32.05.
Vista Outdoor (NYSE:VSTO – Get Free Report) last released its earnings results on Wednesday, July 26th. The company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.15. The company had revenue of $693.30 million during the quarter, compared to analysts’ expectations of $711.87 million. Vista Outdoor had a negative net margin of 2.61% and a positive return on equity of 23.80%. Vista Outdoor’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same period last year, the business earned $2.31 EPS. Sell-side analysts forecast that Vista Outdoor will post 4.72 earnings per share for the current year.
Hedge Funds Weigh In On Vista Outdoor
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Vista Outdoor by 1.6% during the 3rd quarter. BlackRock Inc. now owns 8,716,751 shares of the company’s stock valued at $211,992,000 after purchasing an additional 140,072 shares in the last quarter. Gates Capital Management Inc. increased its holdings in shares of Vista Outdoor by 3.2% during the 1st quarter. Gates Capital Management Inc. now owns 5,584,368 shares of the company’s stock valued at $154,743,000 after purchasing an additional 174,477 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Vista Outdoor by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,938,076 shares of the company’s stock valued at $120,094,000 after purchasing an additional 234,279 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Vista Outdoor by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,993,183 shares of the company’s stock valued at $110,493,000 after purchasing an additional 152,308 shares in the last quarter. Finally, Cooper Creek Partners Management LLC increased its holdings in shares of Vista Outdoor by 3.1% during the 1st quarter. Cooper Creek Partners Management LLC now owns 2,019,048 shares of the company’s stock valued at $55,948,000 after purchasing an additional 59,918 shares in the last quarter. 82.39% of the stock is 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 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 for hunters, recreational shooters, federal and local law enforcement agencies, and military.