B. Riley Reaffirms “Buy” Rating for Vista Outdoor (NYSE:VSTO)

B. Riley reiterated their buy rating on shares of Vista Outdoor (NYSE:VSTO) in a research note issued to investors on Tuesday morning, TipRanks reports. B. Riley currently has a $10.00 price target on the stock.

Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Vista Outdoor from a buy rating to a hold rating in a research report on Saturday, February 8th. ValuEngine lowered Vista Outdoor from a buy rating to a hold rating in a research report on Tuesday, February 4th. Cowen restated a hold rating and issued a $11.00 price target on shares of Vista Outdoor in a research report on Thursday, May 7th. Finally, Lake Street Capital restated a buy rating and issued a $12.00 price target (up from $10.00) on shares of Vista Outdoor in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $9.45.

NYSE VSTO opened at $9.29 on Tuesday. The stock has a fifty day moving average of $8.64 and a 200-day moving average of $8.10. The stock has a market capitalization of $559.20 million, a P/E ratio of -3.45 and a beta of 0.25. Vista Outdoor has a 52 week low of $4.29 and a 52 week high of $10.80. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.53 and a current ratio of 2.87.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, May 7th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.04. Vista Outdoor had a positive return on equity of 2.52% and a negative net margin of 8.83%. The company had revenue of $426.31 million during the quarter, compared to analysts’ expectations of $454.89 million. During the same period last year, the firm earned $0.01 EPS. The business’s revenue for the quarter was down 17.3% on a year-over-year basis. Equities research analysts forecast that Vista Outdoor will post 0.37 earnings per share for the current fiscal year.

In other Vista Outdoor news, CEO Christopher T. Metz bought 35,000 shares of Vista Outdoor stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $7.11 per share, for a total transaction of $248,850.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.72% of the company’s stock.

A number of hedge funds have recently bought and sold shares of VSTO. PNC Financial Services Group Inc. lifted its holdings in shares of Vista Outdoor by 14.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,743 shares of the company’s stock valued at $73,000 after purchasing an additional 1,227 shares in the last quarter. Magnus Financial Group LLC lifted its holdings in shares of Vista Outdoor by 13.2% in the first quarter. Magnus Financial Group LLC now owns 13,215 shares of the company’s stock valued at $116,000 after purchasing an additional 1,545 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Vista Outdoor by 1.5% in the first quarter. Swiss National Bank now owns 112,200 shares of the company’s stock valued at $987,000 after purchasing an additional 1,700 shares in the last quarter. Comerica Bank lifted its holdings in shares of Vista Outdoor by 3.2% in the first quarter. Comerica Bank now owns 56,115 shares of the company’s stock valued at $536,000 after purchasing an additional 1,747 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Vista Outdoor by 6.7% in the first quarter. US Bancorp DE now owns 34,712 shares of the company’s stock valued at $306,000 after purchasing an additional 2,193 shares in the last quarter. Hedge funds and other institutional investors own 92.91% 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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