Vista Outdoor Target of Unusually High Options Trading (VSTO)

Vista Outdoor Inc (NYSE:VSTO) saw unusually large options trading activity on Monday. Stock investors purchased 2,020 call options on the stock. This represents an increase of 844% compared to the typical volume of 214 call options.

Shares of Vista Outdoor (NYSE:VSTO) traded up $0.54 during midday trading on Wednesday, hitting $19.62. 1,016,258 shares of the stock were exchanged, compared to its average volume of 934,676. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.97 and a current ratio of 3.13. The stock has a market cap of $1,043.00, a P/E ratio of -25.76, a PEG ratio of 3.17 and a beta of -0.22. Vista Outdoor has a 12-month low of $12.35 and a 12-month high of $25.07.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $581.00 million for the quarter, compared to the consensus estimate of $566.98 million. Vista Outdoor had a negative net margin of 1.88% and a positive return on equity of 3.45%. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. equities research analysts forecast that Vista Outdoor will post 0.57 EPS for the current fiscal year.

In other news, Director Mark A. Gottfredson acquired 5,000 shares of Vista Outdoor stock in a transaction on Tuesday, December 5th. The stock was acquired at an average cost of $14.60 per share, for a total transaction of $73,000.00. Following the purchase, the director now owns 21,716 shares in the company, valued at $317,053.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher T. Metz acquired 6,500 shares of Vista Outdoor stock in a transaction on Tuesday, December 5th. The shares were purchased at an average price of $14.86 per share, with a total value of $96,590.00. Following the completion of the purchase, the chief executive officer now owns 87,256 shares in the company, valued at approximately $1,296,624.16. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 13,000 shares of company stock valued at $191,175. 1.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in VSTO. Alliancebernstein L.P. boosted its holdings in shares of Vista Outdoor by 254.2% during the 2nd quarter. Alliancebernstein L.P. now owns 69,120 shares of the company’s stock valued at $1,556,000 after acquiring an additional 49,605 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Vista Outdoor by 56.1% during the 2nd quarter. Teachers Advisors LLC now owns 103,116 shares of the company’s stock valued at $2,321,000 after acquiring an additional 37,064 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Vista Outdoor by 746.0% during the 2nd quarter. Nationwide Fund Advisors now owns 36,904 shares of the company’s stock valued at $831,000 after acquiring an additional 32,542 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Vista Outdoor by 16,668.0% during the 2nd quarter. Citigroup Inc. now owns 16,768 shares of the company’s stock valued at $377,000 after acquiring an additional 16,668 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Vista Outdoor by 87.2% during the 2nd quarter. Northern Trust Corp now owns 843,275 shares of the company’s stock valued at $18,983,000 after acquiring an additional 392,739 shares during the last quarter.

A number of research firms have weighed in on VSTO. Zacks Investment Research upgraded shares of Vista Outdoor from a “strong sell” rating to a “hold” rating in a research note on Friday, November 17th. BidaskClub lowered shares of Vista Outdoor from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Roth Capital restated a “hold” rating and set a $14.00 price objective on shares of Vista Outdoor in a research note on Monday, February 5th. KeyCorp restated a “hold” rating on shares of Vista Outdoor in a research note on Friday, November 10th. Finally, ValuEngine lowered shares of Vista Outdoor from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Vista Outdoor presently has a consensus rating of “Hold” and a consensus price target of $20.78.

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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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