Shares of Vista Outdoor Inc (NYSE:VSTO) have been given a consensus recommendation of “Hold” by the twelve research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $19.17.
Several analysts have recently weighed in on VSTO shares. BidaskClub upgraded Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded Vista Outdoor from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Thursday, October 12th. Cowen reiterated a “hold” rating and set a $14.50 target price on shares of Vista Outdoor in a research report on Monday, November 13th. KeyCorp reiterated a “hold” rating on shares of Vista Outdoor in a research report on Friday, November 10th. Finally, Forward View downgraded Vista Outdoor from a “hold” rating to a “sell” rating and set a $12.00 target price for the company. in a research report on Monday, November 13th.
Shares of Vista Outdoor (NYSE:VSTO) opened at $17.12 on Friday. Vista Outdoor has a 52-week low of $12.35 and a 52-week high of $25.07. The firm has a market capitalization of $853.55, a price-to-earnings ratio of -2.10, a PEG ratio of 2.60 and a beta of -0.22. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.63 and a current ratio of 3.03.
In other news, CEO Christopher T. Metz acquired 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average cost of $14.86 per share, for a total transaction of $96,590.00. Following the completion of the acquisition, the chief executive officer now directly owns 87,256 shares of the company’s stock, valued at approximately $1,296,624.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tig H. Krekel acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of $13.33 per share, with a total value of $39,990.00. Following the completion of the acquisition, the director now directly owns 7,684 shares of the company’s stock, valued at $102,427.72. The disclosure for this purchase can be found here. Insiders purchased 16,000 shares of company stock valued at $231,165 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in VSTO. Alliancebernstein L.P. raised its holdings in Vista Outdoor by 254.2% in the second quarter. Alliancebernstein L.P. now owns 69,120 shares of the company’s stock worth $1,556,000 after purchasing an additional 49,605 shares in the last quarter. Teachers Advisors LLC raised its holdings in Vista Outdoor by 56.1% in the second quarter. Teachers Advisors LLC now owns 103,116 shares of the company’s stock worth $2,321,000 after purchasing an additional 37,064 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Vista Outdoor by 746.0% in the second quarter. Nationwide Fund Advisors now owns 36,904 shares of the company’s stock worth $831,000 after purchasing an additional 32,542 shares in the last quarter. BlackRock Inc. raised its holdings in Vista Outdoor by 23.5% in the second quarter. BlackRock Inc. now owns 6,998,726 shares of the company’s stock worth $157,542,000 after purchasing an additional 1,331,085 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in Vista Outdoor by 7.0% in the second quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock worth $240,000 after purchasing an additional 698 shares in the last quarter.
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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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