Vista Outdoor Inc. (NYSE:VSTO) Receives “Buy” Rating from Jefferies Group LLC
Jefferies Group LLC reiterated their buy rating on shares of Vista Outdoor Inc. (NYSE:VSTO) in a research note published on Friday morning. The brokerage currently has a $28.00 price target on the stock.
Several other research analysts have also recently issued reports on VSTO. Roth Capital set a $20.00 target price on shares of Vista Outdoor and gave the stock a hold rating in a report on Saturday, May 13th. Cowen and Company restated a hold rating and issued a $26.00 target price on shares of Vista Outdoor in a report on Tuesday, July 11th. Forward View restated a hold rating on shares of Vista Outdoor in a report on Thursday, May 18th. DA Davidson upgraded shares of Vista Outdoor from a neutral rating to a buy rating and raised their target price for the stock from $23.00 to $29.00 in a report on Thursday, June 8th. Finally, Off Wall Street began coverage on shares of Vista Outdoor in a report on Wednesday, March 22nd. They issued a buy rating and a $29.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Vista Outdoor presently has an average rating of Hold and an average price target of $31.14.
Vista Outdoor (NYSE:VSTO) traded up 0.61% during midday trading on Friday, hitting $23.07. 656,661 shares of the stock were exchanged. The stock’s market cap is $1.32 billion. The company’s 50 day moving average is $22.48 and its 200-day moving average is $24.42. Vista Outdoor has a 1-year low of $18.32 and a 1-year high of $52.08.
Vista Outdoor (NYSE:VSTO) last issued its earnings results on Thursday, May 11th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.15. Vista Outdoor had a positive return on equity of 7.62% and a negative net margin of 10.78%. The firm had revenue of $578.80 million during the quarter, compared to the consensus estimate of $565.19 million. During the same quarter in the prior year, the business posted $0.63 EPS. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, analysts expect that Vista Outdoor will post $1.23 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Vista Outdoor by 16,839.6% in the first quarter. BlackRock Inc. now owns 5,667,641 shares of the company’s stock valued at $116,698,000 after buying an additional 5,634,183 shares during the period. Vanguard Group Inc. boosted its stake in Vista Outdoor by 10.6% in the first quarter. Vanguard Group Inc. now owns 5,104,157 shares of the company’s stock valued at $105,095,000 after buying an additional 489,274 shares during the period. FMR LLC boosted its stake in Vista Outdoor by 204.4% in the first quarter. FMR LLC now owns 4,055,755 shares of the company’s stock valued at $83,508,000 after buying an additional 2,723,267 shares during the period. Dimensional Fund Advisors LP boosted its stake in Vista Outdoor by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,521,995 shares of the company’s stock valued at $51,927,000 after buying an additional 73,409 shares during the period. Finally, Frontier Capital Management Co. LLC bought a new stake in Vista Outdoor during the first quarter valued at $45,627,000. Institutional investors and hedge funds own 96.45% of the company’s stock.
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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