Zacks Investment Research upgraded shares of Vista Outdoor Inc. (NYSE:VSTO) from a hold rating to a buy rating in a research report report published on Tuesday morning. They currently have $26.00 target price on the stock.
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. “
VSTO has been the subject of several other reports. Jefferies Group LLC reissued a buy rating and set a $28.00 price target on shares of Vista Outdoor in a research report on Friday, May 12th. Cowen and Company reissued a hold rating and set a $26.00 price target on shares of Vista Outdoor in a research report on Tuesday, July 11th. BidaskClub cut Vista Outdoor from a hold rating to a sell rating in a research report on Thursday, July 27th. Forward View set a $23.00 price target on Vista Outdoor and gave the company a hold rating in a research report on Sunday, August 13th. Finally, DA Davidson raised Vista Outdoor from a neutral rating to a buy rating and raised their price objective for the company from $23.00 to $29.00 in a research report on Thursday, June 8th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Vista Outdoor has a consensus rating of Hold and an average price target of $29.86.
Shares of Vista Outdoor (VSTO) opened at 23.68 on Tuesday. The company has a 50-day moving average price of $22.85 and a 200 day moving average price of $21.70. Vista Outdoor has a 12-month low of $18.32 and a 12-month high of $41.29. The firm’s market capitalization is $1.35 billion.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.13 by $0.11. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The firm had revenue of $569 million during the quarter, compared to analysts’ expectations of $552.49 million. During the same period in the prior year, the firm posted $0.48 earnings per share. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. Equities research analysts expect that Vista Outdoor will post $1.24 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in VSTO. Teachers Advisors LLC boosted its stake in Vista Outdoor by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 274,371 shares of the company’s stock worth $10,124,000 after buying an additional 3,278 shares during the last quarter. Creative Planning boosted its stake in Vista Outdoor by 9.7% in the first quarter. Creative Planning now owns 13,998 shares of the company’s stock worth $288,000 after buying an additional 1,242 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Vista Outdoor during the first quarter worth about $308,000. Louisiana State Employees Retirement System boosted its stake in Vista Outdoor by 60.0% in the first quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the company’s stock worth $478,000 after buying an additional 8,700 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Vista Outdoor by 119.0% in the first quarter. Nisa Investment Advisors LLC now owns 46,000 shares of the company’s stock worth $947,000 after buying an additional 25,000 shares during the last quarter. 99.98% of the stock is owned by institutional investors.
About Vista Outdoor
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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