Vista Outdoor Inc. (VSTO) Given Consensus Recommendation of “Hold” by Analysts
Shares of Vista Outdoor Inc. (NYSE:VSTO) have been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $29.31.
Several research analysts have recently issued reports on VSTO shares. Off Wall Street started coverage on Vista Outdoor in a research report on Wednesday, March 22nd. They set a “buy” rating and a $29.00 price objective for the company. Roth Capital set a $19.00 price objective on Vista Outdoor and gave the stock a “hold” rating in a research report on Saturday, April 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $28.00 price objective on shares of Vista Outdoor in a research report on Friday, May 12th. Cowen and Company reaffirmed a “market perform” rating and set a $26.00 price objective (up from $18.00) on shares of Vista Outdoor in a research report on Wednesday, May 17th. Finally, Forward View reaffirmed a “hold” rating on shares of Vista Outdoor in a research report on Thursday, May 18th.
Hedge funds have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Vista Outdoor by 69.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 70,274 shares of the company’s stock worth $2,678,000 after buying an additional 28,687 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Vista Outdoor during the fourth quarter worth about $480,000. AQR Capital Management LLC boosted its stake in shares of Vista Outdoor by 7.5% in the fourth quarter. AQR Capital Management LLC now owns 122,657 shares of the company’s stock worth $4,526,000 after buying an additional 8,541 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Vista Outdoor during the fourth quarter worth about $5,649,000. Finally, First Republic Investment Management Inc. boosted its stake in shares of Vista Outdoor by 13.2% in the fourth quarter. First Republic Investment Management Inc. now owns 10,252 shares of the company’s stock worth $378,000 after buying an additional 1,193 shares during the period. 96.45% of the stock is owned by hedge funds and other institutional investors.
Shares of Vista Outdoor (NYSE:VSTO) opened at 22.95 on Tuesday. Vista Outdoor has a 12 month low of $18.32 and a 12 month high of $52.08. The company’s 50-day moving average price is $21.84 and its 200-day moving average price is $25.06. The company’s market cap is $1.31 billion.
Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Thursday, May 11th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.15. The business had revenue of $578.80 million for the quarter, compared to analyst estimates of $565.19 million. Vista Outdoor had a positive return on equity of 7.62% and a negative net margin of 10.78%. The company’s revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. Equities analysts forecast that Vista Outdoor will post $1.22 EPS for the current fiscal year.
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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