Zacks Investment Research upgraded shares of Vista Outdoor (NYSE:VSTO) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday. Zacks Investment Research currently has $21.00 price target on the stock.

According to Zacks, “Vista Outdoor Inc. develops, manufacture and distribute optics, accessories and eyewear. The Company operates in two segments: Shooting Sports and Outdoor Products. Its product consist of binoculars, laser rangefinders, riflescopes, trail cameras, archery accessories, blinds, decoys, game calls, gun care products, mounts, powder, reloading equipment, targets, target systems, safety and protective eyewear, fashion and sports eyewear. The company’s product portfolio include Bushnell(R), Primos(R), Bollè(R), Serengeti(R), Cèbè, RCBS(R), Hoppe’s(R), Uncle Mike’s(R), Gold Tip(R), Weaver(R) and Tasco(R). Vista Outdoor Inc. is headquartered in Utah. “

Several other equities research analysts have also recently issued reports on VSTO. Roth Capital set a $19.00 target price on Vista Outdoor and gave the stock a hold rating in a research note on Saturday, August 11th. ValuEngine lowered Vista Outdoor from a hold rating to a sell rating in a research report on Wednesday, May 2nd. Cowen restated a hold rating and set a $14.50 price target on shares of Vista Outdoor in a research report on Tuesday, May 1st. Finally, DA Davidson restated a hold rating on shares of Vista Outdoor in a research report on Monday, May 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $18.25.

VSTO stock opened at $18.49 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 2.61 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 36.98 and a beta of -0.31. Vista Outdoor has a 52-week low of $12.35 and a 52-week high of $23.74.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, August 9th. The company reported $0.00 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.08. The company had revenue of $528.84 million during the quarter, compared to analysts’ expectations of $542.54 million. Vista Outdoor had a positive return on equity of 1.22% and a negative net margin of 5.70%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. equities research analysts anticipate that Vista Outdoor will post 0.2 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Vista Outdoor by 6.7% during the second quarter. BlackRock Inc. now owns 7,810,248 shares of the company’s stock worth $120,981,000 after buying an additional 487,576 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Vista Outdoor by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,835,881 shares of the company’s stock worth $78,922,000 after buying an additional 223,903 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Vista Outdoor by 0.7% during the first quarter. First Eagle Investment Management LLC now owns 4,675,216 shares of the company’s stock worth $76,300,000 after buying an additional 34,304 shares during the period. Frontier Capital Management Co. LLC boosted its position in shares of Vista Outdoor by 18.6% during the first quarter. Frontier Capital Management Co. LLC now owns 3,562,257 shares of the company’s stock worth $58,136,000 after buying an additional 559,015 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Vista Outdoor by 739.7% during the first quarter. Prudential Financial Inc. now owns 2,045,780 shares of the company’s stock worth $33,388,000 after buying an additional 1,802,152 shares during the period.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.

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