Vista Outdoor Inc. (VSTO) Upgraded at BidaskClub

BidaskClub upgraded shares of Vista Outdoor Inc. (NYSE:VSTO) from a sell rating to a hold rating in a research report report published on Saturday, August 5th.

A number of other research analysts also recently weighed in on VSTO. Roth Capital set a $19.00 target price on Vista Outdoor and gave the stock a hold rating in a report on Saturday, April 8th. Jefferies Group LLC reiterated a buy rating and set a $28.00 target price on shares of Vista Outdoor in a report on Friday, May 12th. Cowen and Company reiterated a market perform rating and set a $26.00 target price (up previously from $18.00) on shares of Vista Outdoor in a report on Wednesday, May 17th. Forward View reiterated a hold rating on shares of Vista Outdoor in a report on Thursday, May 18th. Finally, DA Davidson upgraded Vista Outdoor from a neutral rating to a buy rating and upped their target price for the stock from $23.00 to $29.00 in a report on Thursday, June 8th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Vista Outdoor has a consensus rating of Hold and a consensus price target of $29.86.

Vista Outdoor (VSTO) traded down 2.24% on Friday, hitting $23.15. The company had a trading volume of 791,151 shares. The stock’s market capitalization is $1.32 billion. The stock has a 50 day moving average of $22.86 and a 200-day moving average of $21.67. Vista Outdoor has a one year low of $18.32 and a one year high of $41.29.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, August 10th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.11. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The firm had revenue of $569 million for the quarter, compared to the consensus estimate of $552.49 million. During the same quarter in the prior year, the business earned $0.48 EPS. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. Equities analysts anticipate that Vista Outdoor will post $1.23 EPS for the current year.

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Several hedge funds have recently modified their holdings of VSTO. Ameritas Investment Partners Inc. bought a new stake in shares of Vista Outdoor during the second quarter worth approximately $113,000. State of Alaska Department of Revenue bought a new stake in shares of Vista Outdoor during the first quarter worth approximately $129,000. Sphera Funds Management LTD. bought a new stake in shares of Vista Outdoor during the second quarter worth approximately $135,000. Segantii Capital Management Ltd bought a new stake in shares of Vista Outdoor during the first quarter worth approximately $164,000. Finally, Neuburgh Advisers LLC boosted its stake in shares of Vista Outdoor by 405.6% in the first quarter. Neuburgh Advisers LLC now owns 8,736 shares of the company’s stock worth $180,000 after buying an additional 7,008 shares in the last quarter. 99.98% of the stock is currently owned by hedge funds and other institutional investors.

About Vista Outdoor

Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.

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