Vista Outdoor Inc. (VSTO) Upgraded at BidaskClub
BidaskClub upgraded shares of Vista Outdoor Inc. (NYSE:VSTO) from a sell rating to a hold rating in a research report released on Friday.
A number of other equities analysts have also recently issued reports on VSTO. Forward View restated a hold rating on shares of Vista Outdoor in a report on Thursday, May 18th. DA Davidson upgraded Vista Outdoor from a neutral rating to a buy rating and increased their target price for the stock from $23.00 to $29.00 in a report on Thursday, June 8th. Cowen and Company reiterated a hold rating and issued a $26.00 target price on shares of Vista Outdoor in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a buy rating and issued a $28.00 target price on shares of Vista Outdoor in a report on Friday, July 14th. Finally, Zacks Investment Research upgraded Vista Outdoor from a strong sell rating to a hold rating in a report on Wednesday, July 19th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $29.54.
Vista Outdoor (NYSE:VSTO) opened at 22.65 on Friday. The company’s 50-day moving average is $21.68 and its 200 day moving average is $21.14. Vista Outdoor has a 1-year low of $18.32 and a 1-year high of $41.29. The company’s market cap is $1.29 billion.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.11. The firm had revenue of $569.00 million for the quarter, compared to analysts’ expectations of $552.49 million. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The company’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. On average, equities analysts predict that Vista Outdoor will post $1.24 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of Vista Outdoor during the 2nd quarter valued at $113,000. Sphera Funds Management LTD. purchased a new stake in shares of Vista Outdoor during the 2nd quarter valued at $135,000. Segantii Capital Management Ltd purchased a new stake in shares of Vista Outdoor during the 1st quarter valued at $164,000. Neuburgh Advisers LLC increased its position in shares of Vista Outdoor by 405.6% during the 1st quarter. Neuburgh Advisers LLC now owns 8,736 shares of the company’s stock valued at $180,000 after purchasing an additional 7,008 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Vista Outdoor by 26.9% during the 1st quarter. US Bancorp DE now owns 9,672 shares of the company’s stock valued at $199,000 after purchasing an additional 2,052 shares during the last quarter. 96.45% of the stock is owned by institutional investors and hedge funds.
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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