Vista Outdoor (NYSE:VSTO) Reaches New 52-Week High at $35.83

Vista Outdoor Inc. (NYSE:VSTO - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $35.83 and last traded at $35.83, with a volume of 22593 shares. The stock had previously closed at $35.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Monness Crespi & Hardt upped their price target on shares of Vista Outdoor from $34.00 to $37.00 and gave the company a "buy" rating in a report on Friday, February 2nd. StockNews.com initiated coverage on Vista Outdoor in a report on Monday, April 29th. They issued a "buy" rating on the stock. Roth Capital upgraded Vista Outdoor from a "neutral" rating to a "buy" rating in a research note on Thursday, April 4th. Finally, Roth Mkm upgraded shares of Vista Outdoor from a "neutral" rating to a "buy" rating and raised their price target for the stock from $31.00 to $38.00 in a research report on Thursday, April 4th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $34.67.

Vista Outdoor Price Performance

The company's 50 day moving average is $32.84 and its 200-day moving average is $29.65. The company has a current ratio of 2.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -5.96 and a beta of 0.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC grew its stake in Vista Outdoor by 1.5% in the fourth quarter. SummerHaven Investment Management LLC now owns 25,307 shares of the company's stock valued at $748,000 after acquiring an additional 373 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Vista Outdoor by 3.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 16,501 shares of the company's stock worth $547,000 after purchasing an additional 490 shares during the last quarter. Arizona State Retirement System lifted its stake in Vista Outdoor by 3.9% during the third quarter. Arizona State Retirement System now owns 16,510 shares of the company's stock worth $547,000 after purchasing an additional 617 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Vista Outdoor by 208.6% in the 3rd quarter. Fifth Third Bancorp now owns 969 shares of the company's stock valued at $32,000 after acquiring an additional 655 shares during the last quarter. Finally, American Capital Advisory LLC raised its position in Vista Outdoor by 4.1% during the 1st quarter. American Capital Advisory LLC now owns 17,776 shares of the company's stock valued at $583,000 after purchasing an additional 705 shares during the last quarter. 90.51% of the stock is owned by institutional investors and hedge funds.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.