Vista Outdoor Inc. (NYSE:VSTO) Receives $47.64 Average Price Target from Analysts

Shares of Vista Outdoor Inc. (NYSE:VSTO) have been given an average recommendation of “Buy” by the twelve research firms that are currently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $47.73.

A number of research firms recently issued reports on VSTO. Monness Crespi & Hardt lifted their target price on Vista Outdoor from $42.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, May 27th. B. Riley lifted their target price on Vista Outdoor from $53.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, May 27th. Lake Street Capital lifted their target price on Vista Outdoor from $53.00 to $57.00 and gave the company a “buy” rating in a report on Friday, July 30th. They noted that the move was a valuation call. KeyCorp lifted their target price on Vista Outdoor from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, August 2nd. Finally, Aegis lifted their target price on Vista Outdoor from $46.00 to $49.00 and gave the company a “buy” rating in a report on Thursday, July 29th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC increased its position in shares of Vista Outdoor by 33.5% during the second quarter. Virtu Financial LLC now owns 9,607 shares of the company’s stock worth $445,000 after purchasing an additional 2,411 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Vista Outdoor by 1.6% during the second quarter. Parametric Portfolio Associates LLC now owns 221,572 shares of the company’s stock worth $10,254,000 after purchasing an additional 3,595 shares in the last quarter. Morgan Stanley increased its position in shares of Vista Outdoor by 97.7% during the second quarter. Morgan Stanley now owns 550,488 shares of the company’s stock worth $25,478,000 after purchasing an additional 272,068 shares in the last quarter. Colony Group LLC acquired a new stake in shares of Vista Outdoor during the second quarter worth about $253,000. Finally, Wells Fargo & Company MN increased its position in shares of Vista Outdoor by 36.4% during the second quarter. Wells Fargo & Company MN now owns 209,151 shares of the company’s stock worth $9,679,000 after purchasing an additional 55,760 shares in the last quarter. 80.85% of the stock is owned by institutional investors.

Shares of VSTO traded up $0.34 during midday trading on Friday, hitting $41.56. 1,218,533 shares of the stock were exchanged, compared to its average volume of 1,037,143. Vista Outdoor has a 52-week low of $18.07 and a 52-week high of $47.62. The stock has a fifty day simple moving average of $41.14 and a 200 day simple moving average of $38.18. The firm has a market cap of $2.38 billion, a P/E ratio of 7.60 and a beta of 0.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.69 and a current ratio of 3.07.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Thursday, July 29th. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $0.89 by $0.85. Vista Outdoor had a return on equity of 42.35% and a net margin of 13.63%. The business had revenue of $662.91 million during the quarter, compared to analyst estimates of $614.89 million. As a group, equities research analysts forecast that Vista Outdoor will post 6.08 EPS for the current fiscal year.

About Vista Outdoor

Vista Outdoor, Inc engages in the design, manufacture, and marketing of consumer products in the outdoor sports and recreation markets. It operates through the following segments: Shooting Sports and Outdoor Products. The Shooting Sports segment is comprised of ammunition and hunting & shooting accessories product lines.

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Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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