Vista Outdoor (NYSE:VSTO) Hits New 52-Week High – Here’s What Happened

Vista Outdoor Inc. (NYSE:VSTO)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $44.48 and last traded at $44.42, with a volume of 445212 shares traded. The stock had previously closed at $44.25.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Aegis downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. StockNews.com initiated coverage on Vista Outdoor in a research report on Friday, November 15th. They issued a “buy” rating on the stock. Monness Crespi & Hardt downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research report on Thursday, September 19th. Finally, B. Riley downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Vista Outdoor presently has an average rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Stock Performance

The stock has a market cap of $2.60 billion, a P/E ratio of -246.44 and a beta of 0.79. The business has a 50 day moving average price of $42.62 and a 200 day moving average price of $39.01. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The firm had revenue of $665.92 million for the quarter, compared to analysts’ expectations of $666.72 million. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Vista Outdoor Inc. will post 4 EPS for the current year.

Institutional Trading of Vista Outdoor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new stake in shares of Vista Outdoor during the 2nd quarter valued at $36,000. Sound Income Strategies LLC purchased a new stake in shares of Vista Outdoor during the 3rd quarter valued at $41,000. Innealta Capital LLC purchased a new stake in shares of Vista Outdoor during the 2nd quarter valued at $76,000. Headlands Technologies LLC purchased a new stake in shares of Vista Outdoor during the 2nd quarter valued at $91,000. Finally, Priebe Wealth Holdings LLC purchased a new stake in shares of Vista Outdoor during the 3rd quarter valued at $204,000. 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.