Vista Outdoor Inc. (NYSE:VSTO) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, July 19th.
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 equities analysts have also recently issued reports on the stock. Off Wall Street started coverage on shares of Vista Outdoor in a research report on Wednesday, March 22nd. They set a “buy” rating and a $29.00 price objective on the stock. Cowen and Company restated a “hold” rating and issued a $26.00 target price on shares of Vista Outdoor in a report on Tuesday, July 11th. DA Davidson upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $23.00 to $29.00 in a report on Thursday, June 8th. Jefferies Group LLC restated a “buy” rating and issued a $28.00 target price on shares of Vista Outdoor in a report on Friday, July 14th. Finally, Forward View restated a “hold” rating on shares of Vista Outdoor in a report on Thursday, May 18th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $29.86.
Vista Outdoor (NYSE VSTO) traded up 1.74% on Wednesday, reaching $23.96. The company had a trading volume of 503,032 shares. The company has a 50-day moving average of $22.81 and a 200 day moving average of $21.67. Vista Outdoor has a one year low of $18.32 and a one year high of $41.29. The stock’s market cap is $1.37 billion.
Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.11. The company had revenue of $569 million for the quarter, compared to analysts’ expectations of $552.49 million. Vista Outdoor had a negative net margin of 11.55% and a positive return on equity of 7.02%. The business’s revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 EPS. On average, equities research analysts predict that Vista Outdoor will post $1.24 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new stake in Vista Outdoor during the second quarter valued at $113,000. State of Alaska Department of Revenue bought a new stake in Vista Outdoor during the first quarter valued at $129,000. Sphera Funds Management LTD. bought a new stake in Vista Outdoor during the second quarter valued at $135,000. Envestnet Asset Management Inc. boosted its stake in Vista Outdoor by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,708 shares of the company’s stock valued at $137,000 after buying an additional 141 shares during the period. Finally, Segantii Capital Management Ltd bought a new stake in Vista Outdoor during the first quarter valued at $164,000. Hedge funds and other institutional investors own 99.98% 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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