Zacks Investment Research upgraded shares of Vista Outdoor Inc. (NYSE:VSTO) from a strong sell rating to a hold rating in a research report report published on Friday morning.
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. “
A number of other brokerages have also recently commented on VSTO. BidaskClub upgraded shares of Vista Outdoor from a sell rating to a hold rating in a research report on Friday, October 20th. Roth Capital set a $21.00 target price on shares of Vista Outdoor and gave the company a hold rating in a research report on Friday, October 6th. Cowen and Company reiterated a hold rating and issued a $14.50 target price on shares of Vista Outdoor in a research report on Monday, November 13th. KeyCorp reiterated a hold rating on shares of Vista Outdoor in a research report on Friday, November 10th. Finally, Forward View restated a hold rating and set a $23.00 price objective 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 assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $23.40.
Shares of Vista Outdoor (NYSE VSTO) opened at $14.07 on Friday. The company has a market cap of $815.72 and a PE ratio of 12.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.03 and a quick ratio of 1.63. Vista Outdoor has a 12-month low of $12.35 and a 12-month high of $41.29.
Vista Outdoor (NYSE:VSTO) last issued its earnings results on Thursday, November 9th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. The business had revenue of $587.00 million during the quarter, compared to analysts’ expectations of $588.85 million. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. sell-side analysts anticipate that Vista Outdoor will post 0.57 EPS for the current fiscal year.
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In other news, Director Tig H. Krekel acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average cost of $13.33 per share, for a total transaction of $39,990.00. Following the completion of the transaction, the director now owns 7,684 shares in the company, valued at $102,427.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Arizona State Retirement System increased its position in shares of Vista Outdoor by 0.3% during the second quarter. Arizona State Retirement System now owns 29,800 shares of the company’s stock valued at $671,000 after acquiring an additional 100 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of Vista Outdoor by 1.9% during the second quarter. Suntrust Banks Inc. now owns 13,200 shares of the company’s stock valued at $296,000 after acquiring an additional 243 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Vista Outdoor by 0.8% during the second quarter. Texas Permanent School Fund now owns 41,655 shares of the company’s stock valued at $938,000 after acquiring an additional 348 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Vista Outdoor by 0.6% during the second quarter. Prudential Financial Inc. now owns 96,198 shares of the company’s stock valued at $2,165,000 after acquiring an additional 564 shares during the last quarter. Finally, Profund Advisors LLC increased its position in shares of Vista Outdoor by 7.0% during the second quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock valued at $240,000 after acquiring an additional 698 shares during 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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