Vista Outdoor Inc. (VSTO) Upgraded to Strong-Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of Vista Outdoor Inc. (NYSE:VSTO) from a hold rating to a strong-buy rating in a research note published on Wednesday morning. Zacks Investment Research currently has $24.00 price target on the stock.
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 a number of other research reports. BidaskClub downgraded Vista Outdoor from a buy rating to a hold rating in a report on Saturday, October 7th. Aegis restated a hold rating and set a $26.00 target price on shares of Vista Outdoor in a report on Monday, August 21st. KeyCorp began coverage on Vista Outdoor in a report on Wednesday, August 30th. They set an overweight rating for the company. Forward View set a $23.00 target price on Vista Outdoor and gave the company a hold rating in a report on Sunday, August 13th. Finally, Jefferies Group LLC restated a buy rating on shares of Vista Outdoor in a report on Wednesday, October 11th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Vista Outdoor presently has an average rating of Buy and an average target price of $28.05.
Shares of Vista Outdoor (NYSE VSTO) opened at 22.02 on Wednesday. Vista Outdoor has a 12 month low of $19.66 and a 12 month high of $41.29. The firm’s market cap is $1.26 billion. The stock’s 50 day moving average is $22.07 and its 200 day moving average is $22.07.
Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, August 10th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. The company had revenue of $569.00 million during the quarter, compared to the consensus estimate of $552.49 million. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. Equities research analysts expect that Vista Outdoor will post $1.24 EPS for the current year.
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Hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. purchased a new stake in Vista Outdoor in the second quarter worth $113,000. Sphera Funds Management LTD. purchased a new stake in Vista Outdoor in the second quarter worth $135,000. Profund Advisors LLC grew its stake in Vista Outdoor by 7.0% in the second quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock worth $240,000 after purchasing an additional 698 shares during the period. State of Alaska Department of Revenue grew its stake in Vista Outdoor by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 11,263 shares of the company’s stock worth $253,000 after purchasing an additional 4,963 shares during the period. Finally, US Bancorp DE grew its stake in Vista Outdoor by 18.1% in the second quarter. US Bancorp DE now owns 11,418 shares of the company’s stock worth $257,000 after purchasing an additional 1,746 shares during the period.
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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