Vista Outdoor Target of Unusually High Options Trading (VSTO)

Vista Outdoor Inc (NYSE:VSTO) saw unusually large options trading activity on Monday. Stock investors purchased 2,020 call options on the stock. This is an increase of 844% compared to the average volume of 214 call options.

Shares of Vista Outdoor (NYSE VSTO) traded up $0.54 during midday trading on Wednesday, hitting $19.62. 1,016,258 shares of the company traded hands, compared to its average volume of 934,676. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.13 and a quick ratio of 1.97. Vista Outdoor has a 12-month low of $12.35 and a 12-month high of $25.07. The firm has a market capitalization of $1,043.00, a PE ratio of -25.76, a price-to-earnings-growth ratio of 3.17 and a beta of -0.22.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.06. Vista Outdoor had a negative net margin of 1.88% and a positive return on equity of 3.45%. The firm had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $566.98 million. During the same quarter last year, the business earned $0.62 earnings per share. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. research analysts forecast that Vista Outdoor will post 0.57 earnings per share for the current fiscal year.

Several research firms have recently commented on VSTO. DA Davidson raised their target price on shares of Vista Outdoor to $17.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Roth Capital set a $17.00 target price on shares of Vista Outdoor and gave the stock a “hold” rating in a research note on Friday, February 9th. BidaskClub upgraded shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. KeyCorp restated a “hold” rating on shares of Vista Outdoor in a research note on Friday, November 10th. Finally, Forward View cut shares of Vista Outdoor from a “hold” rating to a “sell” rating and set a $12.00 target price for the company. in a research note on Monday, November 13th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Vista Outdoor currently has an average rating of “Hold” and an average target price of $20.78.

In other news, Director Mark A. Gottfredson bought 5,000 shares of Vista Outdoor stock in a transaction dated Tuesday, December 5th. The stock was bought at an average price of $14.60 per share, for a total transaction of $73,000.00. Following the purchase, the director now owns 21,716 shares of the company’s stock, valued at $317,053.60. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Christopher T. Metz bought 6,500 shares of Vista Outdoor stock in a transaction dated Tuesday, December 5th. The stock was purchased at an average price of $14.86 per share, with a total value of $96,590.00. Following the purchase, the chief executive officer now directly owns 87,256 shares in the company, valued at approximately $1,296,624.16. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,000 shares of company stock worth $191,175 over the last three months. 1.50% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Investments LP acquired a new stake in shares of Vista Outdoor in the fourth quarter valued at about $234,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Vista Outdoor in the fourth quarter valued at about $636,000. Guggenheim Capital LLC acquired a new stake in shares of Vista Outdoor in the fourth quarter valued at about $974,000. Deutsche Bank AG increased its holdings in Vista Outdoor by 111.4% during the 4th quarter. Deutsche Bank AG now owns 260,720 shares of the company’s stock valued at $3,797,000 after acquiring an additional 137,389 shares in the last quarter. Finally, Gates Capital Management Inc. increased its holdings in Vista Outdoor by 3.3% during the 4th quarter. Gates Capital Management Inc. now owns 3,857,898 shares of the company’s stock valued at $56,210,000 after acquiring an additional 122,908 shares in the last quarter.

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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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