Vista Outdoor (VSTO) Stock Rating Upgraded by ValuEngine

Vista Outdoor (NYSE:VSTO) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Tuesday, ValuEngine reports.

A number of other research analysts have also recently weighed in on the stock. Roth Capital restated a “neutral” rating on shares of Vista Outdoor in a research note on Friday, February 8th. B. Riley began coverage on shares of Vista Outdoor in a research note on Thursday, February 28th. They set a “buy” rating and a $13.00 target price on the stock. Zacks Investment Research cut shares of Vista Outdoor from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Monness Crespi & Hardt upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, May 10th. Finally, Cowen restated a “hold” rating and set a $12.00 target price on shares of Vista Outdoor in a research note on Thursday, May 9th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Vista Outdoor has an average rating of “Hold” and a consensus target price of $14.60.

Shares of Vista Outdoor stock opened at $9.46 on Tuesday. The firm has a market cap of $562.66 million, a PE ratio of 67.57 and a beta of 0.11. Vista Outdoor has a 1-year low of $7.78 and a 1-year high of $19.41. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.88 and a current ratio of 2.96.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.12). The business had revenue of $515.34 million for the quarter, compared to analysts’ expectations of $503.17 million. Vista Outdoor had a positive return on equity of 0.89% and a negative net margin of 31.50%. The company’s revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.22) EPS. As a group, equities analysts expect that Vista Outdoor will post 0.45 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its stake in shares of Vista Outdoor by 40.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,124 shares of the company’s stock valued at $58,000 after buying an additional 1,488 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Vista Outdoor by 112.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,229 shares of the company’s stock valued at $106,000 after buying an additional 6,991 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Vista Outdoor during the 4th quarter valued at $153,000. Hsbc Holdings PLC lifted its stake in shares of Vista Outdoor by 62.6% during the 4th quarter. Hsbc Holdings PLC now owns 16,498 shares of the company’s stock valued at $188,000 after buying an additional 6,352 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Vista Outdoor in the 4th quarter worth $189,000. Institutional investors own 96.55% of the company’s stock.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.

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