Stock Traders Buy High Volume of Vista Outdoor Call Options (VSTO)

Vista Outdoor Inc (NYSE:VSTO) was the recipient of some unusual options trading activity on Monday. Stock traders bought 2,020 call options on the stock. This is an increase of 844% compared to the typical daily volume of 214 call options.

Vista Outdoor (VSTO) traded down $0.26 during midday trading on Wednesday, reaching $18.85. 1,166,889 shares of the company’s stock traded hands, compared to its average volume of 938,783. The stock has a market capitalization of $1,143.34, a P/E ratio of -24.80, a PEG ratio of 3.47 and a beta of -0.22. Vista Outdoor has a 1-year low of $12.35 and a 1-year high of $25.07. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.97 and a current ratio of 3.13.

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

In other Vista Outdoor news, CEO Christopher T. Metz bought 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average cost of $14.86 per share, for a total transaction of $96,590.00. Following the transaction, the chief executive officer now directly owns 87,256 shares in the company, valued at $1,296,624.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Gottfredson bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average price of $14.60 per share, for a total transaction of $73,000.00. Following the completion of the transaction, the director now owns 21,716 shares in the company, valued at $317,053.60. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 13,000 shares of company stock worth $191,175. Insiders own 1.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in VSTO. Ameritas Investment Partners Inc. bought a new position in shares of Vista Outdoor in the second quarter worth approximately $113,000. RiverGlades Family Offices LLC bought a new position in shares of Vista Outdoor in the fourth quarter worth approximately $156,000. First Mercantile Trust Co. increased its position in shares of Vista Outdoor by 42.8% in the fourth quarter. First Mercantile Trust Co. now owns 11,412 shares of the company’s stock worth $166,000 after purchasing an additional 3,421 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Vista Outdoor in the fourth quarter worth approximately $167,000. Finally, Two Sigma Investments LP bought a new position in shares of Vista Outdoor in the fourth quarter worth approximately $234,000.

A number of brokerages have commented on VSTO. DA Davidson boosted their price target on shares of Vista Outdoor to $17.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Roth Capital restated a “hold” rating and set a $14.00 price target on shares of Vista Outdoor in a research note on Monday, February 5th. KeyCorp reiterated a “hold” rating on shares of Vista Outdoor in a research note on Friday, November 10th. BidaskClub lowered shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Finally, Forward View lowered shares of Vista Outdoor from a “hold” rating to a “sell” rating and set a $12.00 target price for the company. in a research note on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Vista Outdoor currently has a consensus rating of “Hold” and a consensus target price 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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