Vista Outdoor Inc. (VSTO) Rating Reiterated by Forward View
Vista Outdoor Inc. (NYSE:VSTO)‘s stock had its “buy” rating reissued by investment analysts at Forward View in a research report issued on Saturday. They presently have a $43.00 price target on the stock. Forward View’s price target would indicate a potential upside of 16.12% from the stock’s previous close.
VSTO has been the topic of a number of other research reports. Zacks Investment Research raised Vista Outdoor from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, August 9th. CL King started coverage on Vista Outdoor in a research note on Monday, September 19th. They issued a “buy” rating and a $45.00 price target on the stock. Roth Capital set a $57.00 price target on Vista Outdoor and gave the stock a “buy” rating in a research note on Monday, August 1st. Jefferies Group reissued a “buy” rating on shares of Vista Outdoor in a research note on Monday, July 11th. Finally, KeyCorp raised Vista Outdoor from a “sector weight” rating to an “overweight” rating and set a $48.00 price target on the stock in a research note on Tuesday, August 30th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Vista Outdoor presently has a consensus rating of “Buy” and an average price target of $52.22.
Vista Outdoor (NYSE:VSTO) traded up 1.84% on Friday, reaching $37.71. 88,032 shares of the company traded hands. The firm has a 50 day moving average price of $39.10 and a 200 day moving average price of $46.00. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 16.37 and a beta of 0.30. Vista Outdoor has a 52-week low of $37.00 and a 52-week high of $53.91.
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Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.69 by $0.21. Vista Outdoor had a return on equity of 9.13% and a net margin of 5.96%. The business earned $630.30 million during the quarter, compared to the consensus estimate of $669.04 million. During the same quarter last year, the firm posted $0.54 earnings per share. Vista Outdoor’s revenue was up 22.5% compared to the same quarter last year. Equities research analysts predict that Vista Outdoor will post $2.65 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Eagle Asset Management purchased a new stake in shares of Vista Outdoor during the third quarter valued at about $2,752,000. Three Peaks Capital Management raised its stake in shares of Vista Outdoor by 19.3% in the fourth quarter. Three Peaks Capital Management now owns 227,640 shares of the company’s stock valued at $10,132,000 after buying an additional 36,850 shares in the last quarter. Congress Asset Management Co. MA purchased a new stake in shares of Vista Outdoor during the fourth quarter valued at about $2,604,000. Liberty Mutual Group Asset Management Inc. raised its stake in shares of Vista Outdoor by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 40,732 shares of the company’s stock valued at $1,814,000 after buying an additional 13,814 shares in the last quarter. Finally, Oxford Asset Management purchased a new stake in shares of Vista Outdoor during the fourth quarter valued at about $7,718,000. Institutional investors and hedge funds own 90.99% of the company’s stock.
About Vista Outdoor
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. The Company’s Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.
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