Vista Outdoor Inc. (VSTO) Rating Increased to Buy at Zacks Investment Research
Vista Outdoor Inc. (NYSE:VSTO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm presently has a $24.00 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 15.83% from the stock’s previous close.
According to Zacks, “Vista Outdoor Inc. develops, manufacture and distribute optics, accessories and eyewear. The Company operates in two segments: Shooting Sports and Outdoor Products. Its product consist of binoculars, laser rangefinders, riflescopes, trail cameras, archery accessories, blinds, decoys, game calls, gun care products, mounts, powder, reloading equipment, targets, target systems, safety and protective eyewear, fashion and sports eyewear. The company’s product portfolio include Bushnell(R), Primos(R), Bollè(R), Serengeti(R), Cèbè, RCBS(R), Hoppe’s(R), Uncle Mike’s(R), Gold Tip(R), Weaver(R) and Tasco(R). Vista Outdoor Inc. is headquartered in Utah. “
Other equities analysts also recently issued reports about the stock. Aegis restated a “hold” rating and set a $26.00 price objective on shares of Vista Outdoor in a research note on Monday, August 21st. Jefferies Group LLC restated a “buy” rating on shares of Vista Outdoor in a research note on Wednesday. Forward View set a $23.00 price objective on shares of Vista Outdoor and gave the stock a “hold” rating in a research note on Sunday, August 13th. BidaskClub upgraded shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, KeyCorp assumed coverage on shares of Vista Outdoor in a research note on Wednesday, August 30th. They set an “overweight” rating for the company. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Vista Outdoor presently has an average rating of “Hold” and a consensus price target of $28.05.
Vista Outdoor (NYSE:VSTO) opened at 20.72 on Thursday. The firm’s 50-day moving average price is $22.30 and its 200 day moving average price is $22.30. The company’s market capitalization is $1.18 billion. Vista Outdoor has a 12-month low of $18.32 and a 12-month high of $41.29.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.11. Vista Outdoor had a negative net margin of 11.55% and a positive return on equity of 7.02%. The company had revenue of $569.00 million during the quarter, compared to the consensus estimate of $552.49 million. During the same period in the prior year, the business posted $0.48 EPS. The company’s quarterly revenue was down 9.7% on a year-over-year basis. On average, equities research analysts expect that Vista Outdoor will post $1.24 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of VSTO. Ameritas Investment Partners Inc. acquired a new stake in Vista Outdoor in the 2nd quarter valued at about $113,000. Sphera Funds Management LTD. acquired a new stake in Vista Outdoor in the 2nd quarter valued at about $135,000. US Bancorp DE lifted its stake in Vista Outdoor by 26.9% in the 1st quarter. US Bancorp DE now owns 9,672 shares of the company’s stock valued at $199,000 after purchasing an additional 2,052 shares during the last quarter. Clinton Group Inc. acquired a new stake in Vista Outdoor in the 1st quarter valued at about $208,000. Finally, Profund Advisors LLC lifted its stake in Vista Outdoor by 7.0% in the 2nd quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock valued at $240,000 after purchasing an additional 698 shares during the last quarter.
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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