Vista Outdoor (NYSE:VSTO) Reaches New 52-Week High – Here’s Why

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

Analyst Ratings Changes

VSTO has been the subject of several research analyst reports. Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research report on Thursday, September 19th. B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a report on Wednesday, August 7th. Finally, Aegis downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Trading Up 0.4 %

The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $42.71 and a 200 day moving average of $39.10.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. The company had revenue of $665.92 million for the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS. As a group, analysts anticipate that Vista Outdoor Inc. will post 4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vista Outdoor

Several large investors have recently made changes to their positions in the business. Arizona State Retirement System lifted its stake in Vista Outdoor by 2.0% during the second quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock valued at $582,000 after purchasing an additional 303 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Vista Outdoor by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock valued at $307,000 after buying an additional 333 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Vista Outdoor by 3.6% during the 3rd quarter. Natixis Advisors LLC now owns 11,369 shares of the company’s stock valued at $445,000 after acquiring an additional 394 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Vista Outdoor by 1.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,501 shares of the company’s stock valued at $960,000 after acquiring an additional 400 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its stake in shares of Vista Outdoor by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company’s stock worth $982,000 after acquiring an additional 443 shares in the last quarter. 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.