BidaskClub Lowers Vista Outdoor Inc. (VSTO) to Strong Sell
BidaskClub cut shares of Vista Outdoor Inc. (NYSE:VSTO) from a sell rating to a strong sell rating in a research note issued to investors on Thursday morning.
VSTO has been the subject of several other research reports. Zacks Investment Research downgraded shares of Vista Outdoor from a buy rating to a sell rating in a research report on Tuesday, October 24th. Roth Capital set a $21.00 price target on shares of Vista Outdoor and gave the company a hold rating in a research report on Friday, October 6th. Cowen and Company restated a hold rating and issued a $26.00 price target on shares of Vista Outdoor in a research report on Wednesday, October 4th. Jefferies Group LLC restated a buy rating on shares of Vista Outdoor in a research report on Wednesday, October 11th. Finally, Forward View restated a hold rating and issued a $23.00 price target on shares of Vista Outdoor in a research report on Sunday, August 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $25.65.
Vista Outdoor (NYSE VSTO) traded up $0.03 during mid-day trading on Thursday, reaching $13.28. 3,279,500 shares of the company traded hands, compared to its average volume of 1,395,838. Vista Outdoor has a fifty-two week low of $12.35 and a fifty-two week high of $41.29. The firm has a market capitalization of $761.26, a price-to-earnings ratio of 10.80, a PEG ratio of 1.51 and a beta of -0.12. The company has a current ratio of 3.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.86.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The business had revenue of $587.00 million during the quarter, compared to the consensus estimate of $588.85 million. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. The firm’s quarterly revenue was down 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. equities analysts forecast that Vista Outdoor will post 0.55 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its position in Vista Outdoor by 16.0% in the 3rd quarter. Wells Fargo & Company MN now owns 737,609 shares of the company’s stock worth $16,920,000 after buying an additional 101,615 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Vista Outdoor by 20.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 111,124 shares of the company’s stock worth $2,559,000 after buying an additional 18,484 shares in the last quarter. Nordea Investment Management AB lifted its position in Vista Outdoor by 18.0% in the 3rd quarter. Nordea Investment Management AB now owns 103,209 shares of the company’s stock worth $2,368,000 after buying an additional 15,737 shares in the last quarter. Van Hulzen Asset Management LLC purchased a new stake in Vista Outdoor in the 3rd quarter worth approximately $686,000. Finally, Malaga Cove Capital LLC purchased a new stake in Vista Outdoor in the 3rd quarter worth approximately $343,000. Institutional investors own 99.97% 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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