Vista Outdoor Inc (NYSE:VSTO) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 3,363,500 shares, a growth of 7.4% from the June 15th total of 3,132,800 shares. Based on an average daily trading volume, of 505,700 shares, the days-to-cover ratio is presently 6.7 days. Approximately 6.0% of the shares of the company are short sold.

A number of brokerages have recently commented on VSTO. Monness Crespi & Hardt upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, May 10th. B. Riley set a $36.00 price target on SeaWorld Entertainment and gave the stock a “buy” rating in a research report on Monday, July 8th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Lake Street Capital began coverage on Vista Outdoor in a research report on Tuesday, July 9th. They set a “buy” rating and a $11.00 price target on the stock. Finally, Cowen reiterated a “hold” rating on shares of PDL BioPharma in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $14.00.

VSTO stock traded down $0.14 during mid-day trading on Monday, reaching $6.85. 9,161 shares of the company’s stock were exchanged, compared to its average volume of 464,771. The firm has a market capitalization of $403.50 million, a P/E ratio of 49.29 and a beta of 0.36. The firm has a 50 day moving average of $8.28. The company has a current ratio of 2.96, a quick ratio of 1.88 and a debt-to-equity ratio of 1.12. Vista Outdoor has a 12-month low of $6.81 and a 12-month high of $19.41.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.12). The business had revenue of $515.34 million for the quarter, compared to analysts’ expectations of $503.17 million. Vista Outdoor had a positive return on equity of 0.89% and a negative net margin of 31.50%. The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.22) EPS. Analysts predict that Vista Outdoor will post 0.26 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of VSTO. PNC Financial Services Group Inc. raised its holdings in shares of Vista Outdoor by 40.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,124 shares of the company’s stock valued at $58,000 after acquiring an additional 1,488 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Vista Outdoor by 112.1% during the first quarter. BNP Paribas Arbitrage SA now owns 13,229 shares of the company’s stock valued at $106,000 after acquiring an additional 6,991 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Vista Outdoor during the fourth quarter valued at approximately $153,000. Hsbc Holdings PLC increased its holdings in shares of Vista Outdoor by 62.6% in the fourth quarter. Hsbc Holdings PLC now owns 16,498 shares of the company’s stock valued at $188,000 after purchasing an additional 6,352 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Vista Outdoor in the fourth quarter valued at approximately $189,000. Institutional investors own 94.14% of the company’s stock.

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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