Vista Outdoor Inc. (NYSE:VSTO)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group LLC in a research report issued to clients and investors on Wednesday.
A number of other equities research analysts have also recently weighed in on VSTO. Cowen and Company restated a “hold” rating and issued a $26.00 price target on shares of Vista Outdoor in a research note on Tuesday, July 11th. Zacks Investment Research raised Vista Outdoor from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub lowered Vista Outdoor from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Forward View set a $23.00 price objective on Vista Outdoor and gave the company a “hold” rating in a report on Sunday, August 13th. Finally, Aegis reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Vista Outdoor in a report on Monday, August 21st. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Vista Outdoor currently has an average rating of “Hold” and a consensus price target of $28.05.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $569.00 million for the quarter, compared to analysts’ expectations of $552.49 million. During the same quarter in the prior year, the business earned $0.48 EPS. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VSTO. Russell Investments Group Ltd. grew its holdings in shares of Vista Outdoor by 1,128.7% during the 1st quarter. Russell Investments Group Ltd. now owns 37,057 shares of the company’s stock worth $764,000 after purchasing an additional 34,041 shares in the last quarter. US Bancorp DE grew its holdings in shares of Vista Outdoor by 26.9% during the 1st quarter. US Bancorp DE now owns 9,672 shares of the company’s stock worth $199,000 after purchasing an additional 2,052 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Vista Outdoor by 38.2% during the 1st quarter. Bank of New York Mellon Corp now owns 991,499 shares of the company’s stock worth $20,415,000 after purchasing an additional 273,859 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Vista Outdoor by 12.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 38,665 shares of the company’s stock worth $796,000 after purchasing an additional 4,181 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Vista Outdoor during the 1st quarter worth $297,000.
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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