Vista Outdoor Sees Unusually High Options Volume (VSTO)
Vista Outdoor Inc. (NYSE:VSTO) was the recipient of some unusual options trading activity on Tuesday. Investors bought 11,158 put options on the company. This is an increase of approximately 1,747% compared to the average daily volume of 604 put options.
Shares of Vista Outdoor (NYSE VSTO) opened at 21.21 on Friday. Vista Outdoor has a 52-week low of $18.32 and a 52-week high of $41.29. The stock’s market capitalization is $1.21 billion. The company has a 50-day moving average of $22.48 and a 200-day moving average of $21.45.
Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, August 10th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.11. The company had revenue of $569 million for the quarter, compared to analyst estimates of $552.49 million. Vista Outdoor had a negative net margin of 11.55% and a positive return on equity of 7.02%. Vista Outdoor’s revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. Equities research analysts anticipate that Vista Outdoor will post $1.24 EPS for the current year.
A number of research analysts recently commented on VSTO shares. Zacks Investment Research raised shares of Vista Outdoor from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. Cowen and Company reissued a “hold” rating and issued a $26.00 price objective on shares of Vista Outdoor in a research report on Tuesday, July 11th. DA Davidson raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $29.00 in a research report on Thursday, June 8th. Jefferies Group LLC reissued a “buy” rating and issued a $28.00 price objective on shares of Vista Outdoor in a research report on Friday, July 14th. Finally, Forward View reissued a “hold” rating on shares of Vista Outdoor in a research report on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.54.
A number of large investors have recently bought and sold shares of VSTO. BlackRock Inc. boosted its holdings in Vista Outdoor by 16,839.6% in the 1st quarter. BlackRock Inc. now owns 5,667,641 shares of the company’s stock valued at $116,698,000 after purchasing an additional 5,634,183 shares during the last quarter. FMR LLC lifted its holdings in shares of Vista Outdoor by 70.0% in the 2nd quarter. FMR LLC now owns 6,894,441 shares of the company’s stock worth $155,194,000 after acquiring an additional 2,838,686 shares during the last quarter. Frontier Capital Management Co. LLC acquired a new position in shares of Vista Outdoor in the 1st quarter worth approximately $45,627,000. Dimensional Fund Advisors LP lifted its holdings in shares of Vista Outdoor by 41.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,563,879 shares of the company’s stock worth $80,224,000 after acquiring an additional 1,041,884 shares during the last quarter. Finally, Southpoint Capital Advisors LP acquired a new position in shares of Vista Outdoor in the 2nd quarter worth approximately $21,423,000. Institutional investors own 96.45% of the company’s stock.
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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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