Vista Outdoor Inc. (VSTO) Given a $21.00 Price Target at Roth Capital
Vista Outdoor Inc. (NYSE:VSTO) has been given a $21.00 price objective by Roth Capital in a research note issued on Friday. The brokerage currently has a “hold” rating on the stock. Roth Capital’s target price would suggest a potential downside of 7.08% from the stock’s current price.
A number of other brokerages also recently weighed in on VSTO. Zacks Investment Research raised shares of Vista Outdoor from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, August 15th. Forward View set a $23.00 price objective on shares of Vista Outdoor and gave the company a “hold” rating in a research note on Sunday, August 13th. Aegis restated a “hold” rating and issued a $26.00 price target on shares of Vista Outdoor in a research report on Monday, August 21st. Cowen and Company restated a “hold” rating and issued a $26.00 price target on shares of Vista Outdoor in a research report on Wednesday. Finally, BidaskClub cut shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $28.23.
Vista Outdoor (NYSE VSTO) traded down 2.17% during midday trading on Friday, hitting $22.11. 485,114 shares of the company traded hands. The stock’s 50-day moving average price is $22.49 and its 200 day moving average price is $22.49. The company’s market capitalization is $1.26 billion. Vista Outdoor has a 12-month low of $19.66 and a 12-month high of $41.29.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.11. The business had revenue of $569.00 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 quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 EPS. On average, equities analysts forecast that Vista Outdoor will post $1.24 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Verition Fund Management LLC increased its holdings in Vista Outdoor by 84.4% during the second quarter. Verition Fund Management LLC now owns 27,861 shares of the company’s stock worth $627,000 after buying an additional 12,749 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Vista Outdoor during the second quarter worth about $278,000. Ameritas Investment Partners Inc. purchased a new stake in Vista Outdoor during the second quarter worth about $113,000. Financial Partners Capital Management LLC increased its holdings in Vista Outdoor by 27.0% during the second quarter. Financial Partners Capital Management LLC now owns 19,075 shares of the company’s stock worth $429,000 after buying an additional 4,050 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Vista Outdoor by 2,577.9% during the second quarter. The Manufacturers Life Insurance Company now owns 44,132 shares of the company’s stock worth $993,000 after buying an additional 42,484 shares during the last quarter. Institutional investors and hedge funds own 96.45% 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. 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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