Vista Outdoor (NYSE:VSTO) Reaches New 1-Year High – What’s Next?

Vista Outdoor Inc. (NYSE:VSTO) shares reached a new 52-week high on Wednesday . The stock traded as high as $44.40 and last traded at $44.20, with a volume of 29120 shares. The stock had previously closed at $44.14.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VSTO. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a research note on Wednesday, August 7th. Monness Crespi & Hardt downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Lake Street Capital increased their price target on Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, July 15th. Finally, Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $41.20.

Vista Outdoor Trading Up 0.2 %

The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average is $41.42 and its 200-day moving average is $38.29. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -339.69 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Monday, August 5th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The company had revenue of $644.18 million during the quarter, compared to the consensus estimate of $664.05 million. During the same period in the previous year, the firm posted $1.12 earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Vista Outdoor Inc. will post 3.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Arizona State Retirement System boosted its holdings in Vista Outdoor by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock worth $582,000 after acquiring an additional 303 shares during the last quarter. Kennedy Capital Management LLC grew its position in Vista Outdoor by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock worth $307,000 after purchasing an additional 333 shares in the last quarter. Natixis Advisors LLC grew its position in Vista Outdoor by 3.6% in the 3rd quarter. Natixis Advisors LLC now owns 11,369 shares of the company’s stock worth $445,000 after purchasing an additional 394 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Vista Outdoor by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company’s stock worth $982,000 after buying an additional 443 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Vista Outdoor by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock worth $1,103,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.