Short Interest in Vista Outdoor Inc. (NYSE:VSTO) Decreases By 24.1%

Vista Outdoor Inc. (NYSE:VSTO) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,230,000 shares, a drop of 24.1% from the March 15th total of 1,620,000 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 510,900 shares, the days-to-cover ratio is presently 2.4 days.

Vista Outdoor Trading Down 1.2 %

VSTO traded down $0.41 during midday trading on Monday, reaching $32.47. 628,547 shares of the company’s stock traded hands, compared to its average volume of 512,492. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -5.43 and a beta of 0.96. Vista Outdoor has a 52 week low of $23.33 and a 52 week high of $33.96. The firm has a fifty day moving average of $31.70 and a two-hundred day moving average of $29.27. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.58 and a quick ratio of 1.09.

Vista Outdoor (NYSE:VSTO) last posted its 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). Vista Outdoor had a positive return on equity of 20.00% and a negative net margin of 12.17%. The company had revenue of $682.25 million during the quarter, compared to analysts’ expectations of $687.85 million. On average, equities analysts anticipate that Vista Outdoor will post 3.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VSTO has been the subject of a number of recent research reports. Monness Crespi & Hardt boosted their target price on Vista Outdoor from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. StockNews.com assumed coverage on Vista Outdoor in a research report on Saturday. They issued a “buy” rating for the company. Roth Capital raised Vista Outdoor from a “neutral” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, Roth Mkm raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $38.00 in a research note on Thursday, April 4th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vista Outdoor presently has a consensus rating of “Buy” and a consensus target price of $34.67.

Institutional Investors Weigh In On Vista Outdoor

Institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Vista Outdoor by 3.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 11,246 shares of the company’s stock valued at $314,000 after buying an additional 323 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Vista Outdoor by 0.3% in the 1st quarter. Rhumbline Advisers now owns 125,532 shares of the company’s stock worth $4,480,000 after purchasing an additional 334 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Vista Outdoor by 3.2% in the fourth quarter. Vident Advisory LLC now owns 11,480 shares of the company’s stock worth $339,000 after purchasing an additional 356 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Vista Outdoor by 1.5% in the fourth quarter. SummerHaven Investment Management LLC now owns 25,307 shares of the company’s stock worth $748,000 after purchasing an additional 373 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Vista Outdoor by 68.4% during the third quarter. CWM LLC now owns 997 shares of the company’s stock valued at $33,000 after purchasing an additional 405 shares in the last quarter. 90.51% of the stock is owned by hedge funds and other institutional investors.

About Vista Outdoor

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.