Vista Outdoor (NYSE:VSTO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Zacks.com reports. The firm presently has a $7.75 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential downside of 19.86% from the company’s current price.
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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. “
VSTO has been the subject of several other reports. B. Riley set a $11.00 target price on shares of Vista Outdoor and gave the stock a “buy” rating in a report on Monday, September 30th. ValuEngine cut shares of Vista Outdoor from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Cowen reaffirmed a “hold” rating and issued a $5.00 target price on shares of Vista Outdoor in a report on Monday, September 30th. Finally, DA Davidson started coverage on shares of Vista Outdoor in a report on Friday, October 11th. They issued a “neutral” rating and a $6.50 target price for the company. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $8.88.
NYSE:VSTO traded up $0.62 during mid-day trading on Friday, hitting $9.67. 1,882,788 shares of the company’s stock were exchanged, compared to its average volume of 637,294. Vista Outdoor has a one year low of $4.30 and a one year high of $14.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.96 and a quick ratio of 1.82. The business has a fifty day moving average price of $6.48 and a 200 day moving average price of $7.31. The company has a market cap of $404.28 million, a PE ratio of 69.07 and a beta of 0.46.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.11). The business had revenue of $459.77 million for the quarter, compared to the consensus estimate of $471.41 million. Vista Outdoor had a positive return on equity of 0.48% and a negative net margin of 30.80%. Vista Outdoor’s quarterly revenue was down 13.1% compared to the same quarter last year. On average, equities analysts forecast that Vista Outdoor will post 0.13 EPS for the current fiscal year.
In other news, CEO Christopher T. Metz bought 33,730 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was acquired at an average cost of $4.46 per share, with a total value of $150,435.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Miguel A. Lopez bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was purchased at an average cost of $4.81 per share, with a total value of $48,100.00. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its holdings in shares of Vista Outdoor by 135.4% during the second quarter. Renaissance Technologies LLC now owns 1,152,400 shares of the company’s stock valued at $10,233,000 after purchasing an additional 662,900 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Vista Outdoor during the second quarter valued at approximately $2,928,000. Adirondack Research & Management Inc. purchased a new position in shares of Vista Outdoor during the third quarter valued at approximately $1,551,000. Citadel Advisors LLC raised its holdings in shares of Vista Outdoor by 99.5% during the second quarter. Citadel Advisors LLC now owns 289,656 shares of the company’s stock valued at $2,572,000 after purchasing an additional 144,450 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Vista Outdoor by 1.5% during the second quarter. BlackRock Inc. now owns 8,438,911 shares of the company’s stock valued at $74,939,000 after purchasing an additional 122,338 shares during the last quarter. 93.38% of the stock is owned by institutional investors and hedge funds.
About Vista Outdoor
Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.
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