Vista Outdoor Inc. (VSTO) Stock Rating Reaffirmed by Cowen and Company
Vista Outdoor Inc. (NYSE:VSTO)‘s stock had its “hold” rating reiterated by equities researchers at Cowen and Company in a note issued to investors on Monday. They currently have a $14.50 price target on the stock. Cowen and Company’s price target indicates a potential upside of 9.19% from the company’s current price.
Several other brokerages have also weighed in on VSTO. Zacks Investment Research raised Vista Outdoor from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, August 15th. BidaskClub raised Vista Outdoor from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Jefferies Group LLC reissued a “buy” rating on shares of Vista Outdoor in a research report on Wednesday, October 11th. Roth Capital set a $21.00 target price on Vista Outdoor and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, Forward View set a $23.00 target price on Vista Outdoor and gave the stock a “hold” rating in a research report on Sunday, August 13th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Vista Outdoor presently has a consensus rating of “Hold” and a consensus target price of $23.40.
Vista Outdoor (NYSE VSTO) traded up $0.03 during mid-day trading on Monday, reaching $13.28. The company’s stock had a trading volume of 3,279,600 shares, compared to its average volume of 1,312,995. The company has a quick ratio of 1.63, a current ratio of 3.03 and a debt-to-equity ratio of 0.86. The firm has a market cap of $791.82 and a price-to-earnings ratio of 10.80. Vista Outdoor has a 52 week low of $12.35 and a 52 week high of $41.29.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. The company had revenue of $587.00 million for the quarter, compared to analyst estimates of $588.85 million. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. Vista Outdoor’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. equities analysts anticipate that Vista Outdoor will post 0.55 earnings per share for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of Vista Outdoor in the second quarter valued at approximately $113,000. Sphera Funds Management LTD. purchased a new stake in shares of Vista Outdoor in the second quarter valued at approximately $135,000. Profund Advisors LLC boosted its stake in shares of Vista Outdoor by 7.0% in the second quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock valued at $240,000 after buying an additional 698 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of 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 valued at $253,000 after buying an additional 4,963 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Vista Outdoor by 18.1% during 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 last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.
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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