Vista Outdoor (NYSE:VSTO) Price Target Raised to $41.00

Vista Outdoor (NYSE:VSTO - Get Free Report) had its price objective upped by Monness Crespi & Hardt from $37.00 to $41.00 in a research report issued on Friday, MarketBeat.com reports. The brokerage currently has a "buy" rating on the stock. Monness Crespi & Hardt's target price points to a potential upside of 15.20% from the stock's current price.

Several other research firms have also recently issued reports on VSTO. Roth Mkm raised shares of Vista Outdoor from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $31.00 to $38.00 in a research report on Thursday, April 4th. Roth Capital raised Vista Outdoor from a "neutral" rating to a "buy" rating in a research report on Thursday, April 4th. Finally, StockNews.com started coverage on Vista Outdoor in a report on Tuesday. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $38.67.

Vista Outdoor Trading Down 1.5 %

Shares of NYSE:VSTO traded down $0.53 during mid-day trading on Friday, reaching $35.59. 627,272 shares of the company were exchanged, compared to its average volume of 494,997. Vista Outdoor has a 1 year low of $23.33 and a 1 year high of $36.37. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.58 and a quick ratio of 1.09. The firm's 50-day simple moving average is $33.31 and its 200 day simple moving average is $29.97. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -5.95 and a beta of 0.93.

Vista Outdoor (NYSE:VSTO - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.99 by $0.03. Vista Outdoor had a positive return on equity of 20.00% and a negative net margin of 12.17%. The business had revenue of $693.67 million during the quarter, compared to analyst estimates of $701.43 million. During the same period last year, the business posted $1.08 earnings per share. The company's quarterly revenue was down 6.4% on a year-over-year basis. Equities research analysts forecast that Vista Outdoor will post 3.87 EPS for the current year.

Hedge Funds Weigh In On Vista Outdoor

A number of hedge funds have recently modified their holdings of VSTO. Vanguard Group Inc. grew its position in Vista Outdoor by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company's stock worth $163,325,000 after buying an additional 54,189 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Vista Outdoor by 21.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,081 shares of the company's stock worth $658,000 after acquiring an additional 3,580 shares during the period. ProShare Advisors LLC grew its stake in shares of Vista Outdoor by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 11,658 shares of the company's stock valued at $382,000 after buying an additional 802 shares during the period. Russell Investments Group Ltd. raised its holdings 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 purchasing an additional 8,521 shares during the period. Finally, Texas Permanent School Fund Corp increased its position in shares of Vista Outdoor by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 50,890 shares of the company's stock worth $1,668,000 after acquiring an additional 725 shares in the last quarter. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

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.