Vista Outdoor Inc. (VSTO) Receives “Buy” Rating from Jefferies Group
Vista Outdoor Inc. (NYSE:VSTO)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group in a research note issued on Monday. They presently have a $54.00 price objective on the stock. Jefferies Group’s price target would indicate a potential upside of 41.70% from the company’s current price.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Vista Outdoor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 16th. KeyCorp raised Vista Outdoor from a “sector weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a research note on Tuesday, August 30th. Monness Crespi & Hardt cut Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Friday, August 12th. Roth Capital set a $57.00 target price on Vista Outdoor and gave the stock a “buy” rating in a research note on Monday, August 1st. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $45.00 price objective on shares of Vista Outdoor in a research report on Wednesday, August 17th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $52.40.
Shares of Vista Outdoor (NYSE:VSTO) traded up 0.55% on Monday, reaching $38.11. 362,290 shares of the company were exchanged. The firm has a market capitalization of $2.30 billion, a PE ratio of 16.54 and a beta of 0.30. Vista Outdoor has a 12-month low of $37.00 and a 12-month high of $53.91. The stock’s 50-day moving average is $38.96 and its 200 day moving average is $45.78.
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Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, August 11th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by $0.21. Vista Outdoor had a return on equity of 9.13% and a net margin of 5.96%. The company earned $630.30 million during the quarter, compared to analysts’ expectations of $669.04 million. During the same period in the prior year, the company posted $0.54 earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. On average, analysts forecast that Vista Outdoor will post $2.65 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Gallagher Fiduciary Advisors LLC purchased a new position in shares of Vista Outdoor during the second quarter valued at about $73,829,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Vista Outdoor during the second quarter valued at about $55,045,000. Norges Bank purchased a new position in shares of Vista Outdoor during the fourth quarter valued at about $24,309,000. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Vista Outdoor during the second quarter valued at about $23,017,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Vista Outdoor by 26.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,292,279 shares of the company’s stock valued at $109,410,000 after buying an additional 472,424 shares during the last quarter. 90.96% of the stock is currently owned by institutional investors and hedge funds.
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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