Brokerages Set Vista Outdoor Inc. (NYSE:VSTO) PT at $34.67

Shares of Vista Outdoor Inc. (NYSE:VSTO - Get Free Report) have earned a consensus rating of "Buy" from the five brokerages that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have covered the stock in the last year is $34.67.

Several research firms have weighed in on VSTO. Monness Crespi & Hardt boosted their target price on shares of Vista Outdoor from $34.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. Roth Capital raised shares of Vista Outdoor from a "neutral" rating to a "buy" rating in a research report on Thursday, April 4th. StockNews.com started coverage on shares of Vista Outdoor in a report on Friday. They issued a "buy" rating on the stock. Finally, Roth Mkm raised Vista Outdoor from a "neutral" rating to a "buy" rating and upped their target price for the company from $31.00 to $38.00 in a report on Thursday, April 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VSTO. UBS Group AG grew its stake in shares of Vista Outdoor by 10.7% in the third quarter. UBS Group AG now owns 184,789 shares of the company's stock worth $6,120,000 after purchasing an additional 17,906 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Vista Outdoor by 7.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 796,904 shares of the company's stock worth $26,393,000 after purchasing an additional 54,915 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Vista Outdoor by 172.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 471,284 shares of the company's stock worth $13,936,000 after purchasing an additional 298,199 shares during the period. Quantedge Capital Pte Ltd bought a new position in Vista Outdoor in the 3rd quarter valued at about $785,000. Finally, American Century Companies Inc. increased its stake in Vista Outdoor by 16.6% during the 3rd quarter. American Century Companies Inc. now owns 865,399 shares of the company's stock valued at $28,662,000 after buying an additional 123,307 shares during the period. 90.51% of the stock is owned by institutional investors and hedge funds.

Vista Outdoor Stock Down 0.5 %

VSTO stock traded down $0.17 during mid-day trading on Tuesday, hitting $33.45. 369,645 shares of the company were exchanged, compared to its average volume of 510,049. The firm has a fifty day simple moving average of $31.43 and a 200 day simple moving average of $29.26. The company has a market capitalization of $1.95 billion, a PE ratio of -5.59 and a beta of 0.96. Vista Outdoor has a twelve month low of $23.33 and a twelve month high of $33.96. The company has a current ratio of 2.58, a quick ratio of 1.09 and a debt-to-equity ratio of 0.71.

Vista Outdoor (NYSE:VSTO - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.04). The company had revenue of $682.25 million for the quarter, compared to the consensus estimate of $687.85 million. Vista Outdoor had a positive return on equity of 20.00% and a negative net margin of 12.17%. On average, research analysts forecast that Vista Outdoor will post 3.87 earnings per share for the current fiscal year.

Vista Outdoor Company Profile

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.