Vista Outdoor’s (VSTO) Buy Rating Reaffirmed at Jefferies Group LLC
Jefferies Group LLC restated their buy rating on shares of Vista Outdoor Inc. (NYSE:VSTO) in a research note published on Thursday morning. The brokerage currently has a $30.00 target price on the stock, down from their prior target price of $45.00.
Several other research analysts also recently commented on VSTO. Zacks Investment Research upgraded Vista Outdoor from a sell rating to a hold rating in a report on Saturday, November 12th. Wunderlich decreased their price objective on Vista Outdoor from $60.00 to $52.00 and set a buy rating on the stock in a report on Monday, November 7th. Forward View downgraded Vista Outdoor from a buy rating to a hold rating and set a $21.00 price objective on the stock. in a report on Monday. KeyCorp decreased their price objective on Vista Outdoor to $31.00 and set an overweight rating on the stock in a report on Monday, February 6th. Finally, CL King downgraded Vista Outdoor from a buy rating to a neutral rating in a report on Friday, January 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $37.60.
Shares of Vista Outdoor (NYSE:VSTO) opened at 21.09 on Thursday. The stock has a 50 day moving average price of $29.18 and a 200 day moving average price of $37.32. The stock’s market capitalization is $1.20 billion. Vista Outdoor has a 52 week low of $19.72 and a 52 week high of $53.91.
Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Thursday, February 9th. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.04. The firm had revenue of $654 million for the quarter, compared to the consensus estimate of $674.09 million. Vista Outdoor had a positive return on equity of 9.48% and a negative net margin of 9.22%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. On average, equities research analysts expect that Vista Outdoor will post $2.06 EPS for the current year.
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In other Vista Outdoor news, insider Robert J. Keller bought 4,500 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The shares were bought at an average cost of $21.50 per share, with a total value of $96,750.00. Following the completion of the purchase, the insider now directly owns 7,458 shares of the company’s stock, valued at $160,347. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark W. Deyoung bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was acquired at an average cost of $20.80 per share, for a total transaction of $416,000.00. Following the completion of the purchase, the chief executive officer now directly owns 408,213 shares of the company’s stock, valued at $8,490,830.40. The disclosure for this purchase can be found here. Insiders purchased 29,500 shares of company stock worth $616,700 over the last three months. 1.30% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in Vista Outdoor by 5.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,000 shares of the company’s stock valued at $369,000 after buying an additional 560 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Vista Outdoor by 69.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 70,274 shares of the company’s stock valued at $2,678,000 after buying an additional 28,687 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Vista Outdoor during the fourth quarter valued at about $480,000. AQR Capital Management LLC boosted its stake in Vista Outdoor by 7.5% in the fourth quarter. AQR Capital Management LLC now owns 122,657 shares of the company’s stock valued at $4,526,000 after buying an additional 8,541 shares during the last quarter. Finally, Lafitte Capital Management LP acquired a new stake in Vista Outdoor during the fourth quarter valued at about $1,845,000. 95.13% of the stock is currently owned by institutional investors.
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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