Vista Outdoor Inc. (VSTO) Given “Buy” Rating at Jefferies Group
Jefferies Group reaffirmed their buy rating on shares of Vista Outdoor Inc. (NYSE:VSTO) in a research note issued to investors on Monday morning. The firm currently has a $54.00 price objective on the stock.
VSTO has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Vista Outdoor from a hold rating to a buy rating and set a $58.00 price target on the stock in a research report on Tuesday, August 9th. CL King began coverage on shares of Vista Outdoor in a research report on Monday, September 19th. They set a buy rating and a $45.00 price target on the stock. Roth Capital set a $57.00 price target on shares of Vista Outdoor and gave the stock a buy rating in a research report on Monday, August 1st. KeyCorp upgraded shares of Vista Outdoor from a sector weight rating to an overweight rating and set a $48.00 price target on the stock in a research report on Tuesday, August 30th. Finally, Forward View restated a buy rating and set a $43.00 price target on shares of Vista Outdoor in a research report on Saturday, October 8th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Vista Outdoor has a consensus rating of Buy and a consensus target price of $52.40.
Vista Outdoor (NYSE:VSTO) opened at 38.46 on Monday. The company has a market capitalization of $2.32 billion, a P/E ratio of 16.69 and a beta of 0.30. The firm has a 50-day moving average of $38.93 and a 200-day moving average of $45.59. Vista Outdoor has a 52 week low of $37.00 and a 52 week high of $53.91.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by $0.21. The business had revenue of $630.30 million for the quarter, compared to analyst estimates of $669.04 million. Vista Outdoor had a return on equity of 9.13% and a net margin of 5.96%. The business’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Analysts anticipate that Vista Outdoor will post $2.65 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Eagle Asset Management Inc. increased its stake in Vista Outdoor by 1.9% in the third quarter. Eagle Asset Management Inc. now owns 37,505 shares of the company’s stock worth $1,494,000 after buying an additional 692 shares during the period. Creative Planning increased its stake in Vista Outdoor by 46.8% in the third quarter. Creative Planning now owns 12,756 shares of the company’s stock worth $508,000 after buying an additional 4,066 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Vista Outdoor by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 21,540 shares of the company’s stock worth $859,000 after buying an additional 419 shares during the period. Mason Street Advisors LLC bought a new stake in Vista Outdoor during the second quarter worth about $1,322,000. Finally, Public Employees Retirement System of Ohio increased its stake in Vista Outdoor by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 24,806 shares of the company’s stock worth $1,184,000 after buying an additional 171 shares during the period. 90.96% of the stock is currently owned by institutional investors and hedge funds.
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. The Company’s 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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