Vista Outdoor Inc. (VSTO) Downgraded by Forward View to “Sell”
Forward View lowered shares of Vista Outdoor Inc. (NYSE:VSTO) from a hold rating to a sell rating in a report published on Monday morning. The brokerage currently has $12.00 price target on the stock. Forward View also issued estimates for Vista Outdoor’s Q2 2019 earnings at $0.28 EPS.
A number of other brokerages have also weighed in on VSTO. BidaskClub raised Vista Outdoor from a sell rating to a hold rating in a research note on Friday, October 20th. Zacks Investment Research raised Vista Outdoor from a hold rating to a buy rating and set a $24.00 price target on the stock in a research note on Thursday, October 12th. Roth Capital set a $21.00 price target on Vista Outdoor and gave the stock a hold rating in a research note on Friday, October 6th. KeyCorp reissued a hold rating on shares of Vista Outdoor in a research note on Friday. Finally, Cowen and Company reissued a hold rating and set a $26.00 price target on shares of Vista Outdoor in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $23.40.
Shares of Vista Outdoor (NYSE:VSTO) traded up $0.04 during trading on Monday, hitting $13.32. The company’s stock had a trading volume of 2,724,300 shares, compared to its average volume of 1,319,440. Vista Outdoor has a one year low of $12.35 and a one year high of $41.29. The stock has a market cap 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 1.63 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. The company had revenue of $587.00 million for the quarter, compared to analyst estimates of $588.85 million. During the same quarter in the prior year, the company posted $0.74 EPS. The business’s revenue for the quarter was down 14.2% compared to the same quarter last year. analysts forecast that Vista Outdoor will post 0.55 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in VSTO. UBS Asset Management Americas Inc. increased its holdings in Vista Outdoor by 12.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 38,665 shares of the company’s stock valued at $796,000 after purchasing an additional 4,181 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Vista Outdoor by 3.1% in the 1st quarter. TIAA CREF Investment Management LLC now owns 188,556 shares of the company’s stock valued at $3,882,000 after purchasing an additional 5,714 shares in the last quarter. California Public Employees Retirement System increased its holdings in Vista Outdoor by 5.6% in the 1st quarter. California Public Employees Retirement System now owns 105,100 shares of the company’s stock valued at $2,164,000 after purchasing an additional 5,600 shares in the last quarter. Vanguard Group Inc. increased its holdings in Vista Outdoor by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 5,104,157 shares of the company’s stock valued at $105,095,000 after purchasing an additional 489,274 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Vista Outdoor by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 448,259 shares of the company’s stock valued at $9,229,000 after purchasing an additional 16,369 shares in the last quarter. Institutional investors and hedge funds 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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