Vista Outdoor (NYSE:VSTO) Reaches New 12-Month High – Should You Buy?

Vista Outdoor Inc. (NYSE:VSTO)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $44.40 and last traded at $44.20, with a volume of 29120 shares trading hands. The stock had previously closed at $44.14.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com began coverage on shares of Vista Outdoor in a report on Wednesday, October 30th. They issued a “buy” rating on the stock. B. Riley downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a research report on Wednesday, August 7th. Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Lake Street Capital upped their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a report on Monday, July 15th. Finally, Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $41.20.

Vista Outdoor Price Performance

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

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

Hedge Funds Weigh In On Vista Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in VSTO. ProShare Advisors LLC lifted its position in shares of Vista Outdoor by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 11,658 shares of the company’s stock worth $382,000 after purchasing an additional 802 shares during the period. Curated Wealth Partners LLC raised its holdings in shares of Vista Outdoor by 97.0% during the third quarter. Curated Wealth Partners LLC now owns 52,924 shares of the company’s stock valued at $2,074,000 after purchasing an additional 26,054 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Vista Outdoor by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company’s stock worth $3,003,000 after buying an additional 8,521 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Vista Outdoor by 80.3% during the 1st quarter. BNP Paribas Financial Markets now owns 41,728 shares of the company’s stock valued at $1,368,000 after purchasing an additional 18,585 shares during the period. Finally, Marshall Wace LLP increased its holdings in Vista Outdoor by 2,197.0% during the second quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock valued at $7,289,000 after buying an additional 185,181 shares during the last quarter. Institutional investors own 90.51% of the company’s stock.

Vista Outdoor Company Profile

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.