Vista Outdoor Inc (VSTO) Earns “Hold” Rating from Forward View
Vista Outdoor Inc (NYSE:VSTO)‘s stock had its “hold” rating reiterated by equities researchers at Forward View in a note issued to investors on Thursday.
A number of other analysts also recently weighed in on VSTO. Roth Capital set a $26.00 price target on Vista Outdoor and gave the stock a “hold” rating in a report on Thursday, January 19th. Zacks Investment Research downgraded Vista Outdoor from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 25th. DA Davidson restated a “buy” rating and issued a $35.00 target price on shares of Vista Outdoor in a research note on Tuesday, January 31st. KeyCorp reduced their target price on Vista Outdoor to $31.00 and set an “overweight” rating for the company in a research note on Monday, February 6th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $30.00 target price on shares of Vista Outdoor in a research note on Friday, February 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $31.05.
Shares of Vista Outdoor (NYSE:VSTO) opened at 21.80 on Thursday. The stock has a 50 day moving average price of $19.86 and a 200-day moving average price of $27.81. Vista Outdoor has a one year low of $18.32 and a one year high of $52.08. The company’s market capitalization is $1.24 billion.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, May 11th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.15. Vista Outdoor had a positive return on equity of 9.48% and a negative net margin of 9.22%. The business had revenue of $578.80 million for the quarter, compared to analyst estimates of $565.19 million. During the same quarter in the previous year, the business posted $0.63 earnings per share. The business’s revenue was down 5.5% on a year-over-year basis. On average, equities research analysts expect that Vista Outdoor will post $1.23 EPS for the current year.
In other news, Director Michael Callahan bought 2,000 shares of Vista Outdoor stock in a transaction dated Wednesday, March 8th. The stock was bought at an average cost of $20.72 per share, for a total transaction of $41,440.00. Following the purchase, the director now directly owns 13,229 shares in the company, valued at approximately $274,104.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.
Several hedge funds have recently modified their holdings of VSTO. BlackRock Fund Advisors boosted its position in shares of Vista Outdoor by 4.2% in the third quarter. BlackRock Fund Advisors now owns 2,270,099 shares of the company’s stock valued at $90,486,000 after buying an additional 91,163 shares during the last quarter. Olstein Capital Management L.P. acquired a new position in shares of Vista Outdoor during the third quarter valued at $5,311,000. Congress Asset Management Co. MA acquired a new position in shares of Vista Outdoor during the fourth quarter valued at $2,604,000. Mutual of America Capital Management LLC boosted its position in shares of Vista Outdoor by 40.7% in the third quarter. Mutual of America Capital Management LLC now owns 230,905 shares of the company’s stock valued at $9,204,000 after buying an additional 66,820 shares during the last quarter. Finally, Allianz Asset Management AG boosted its position in shares of Vista Outdoor by 38.9% in the fourth quarter. Allianz Asset Management AG now owns 65,604 shares of the company’s stock valued at $2,421,000 after buying an additional 18,357 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.
Vista Outdoor Company Profile
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. Its 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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