Vista Outdoor Inc (NYSE:VSTO) – Stock analysts at DA Davidson boosted their FY2018 earnings estimates for shares of Vista Outdoor in a research note issued on Thursday. DA Davidson analyst A. Burns now anticipates that the company will earn $0.54 per share for the year, up from their prior forecast of $0.52. DA Davidson has a “Neutral” rating and a $17.00 price target on the stock. DA Davidson also issued estimates for Vista Outdoor’s Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.30 EPS, FY2019 earnings at $0.87 EPS and FY2020 earnings at $1.06 EPS.
Several other research firms also recently commented on VSTO. BidaskClub raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Cowen reaffirmed a “hold” rating and issued a $14.50 price target on shares of Vista Outdoor in a report on Monday, November 13th. Zacks Investment Research downgraded shares of Vista Outdoor from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. KeyCorp reaffirmed a “hold” rating on shares of Vista Outdoor in a report on Friday, November 10th. Finally, Forward View downgraded shares of Vista Outdoor from a “hold” rating to a “sell” rating and set a $12.00 price target for the company. in a report on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.78.
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 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 during the quarter, compared to the consensus estimate of $566.98 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The business’s revenue was down 11.1% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of the stock. Suntrust Banks Inc. raised its position in Vista Outdoor by 1.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,200 shares of the company’s stock worth $296,000 after purchasing an additional 243 shares during the period. First Mercantile Trust Co. raised its position in Vista Outdoor by 42.8% in the 4th 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 period. Rhumbline Advisers raised its position in Vista Outdoor by 3.2% in the 3rd quarter. Rhumbline Advisers now owns 110,981 shares of the company’s stock worth $2,546,000 after purchasing an additional 3,456 shares during the period. Comerica Bank raised its position in Vista Outdoor by 2.5% in the 3rd quarter. Comerica Bank now owns 160,213 shares of the company’s stock worth $3,448,000 after purchasing an additional 3,880 shares during the period. Finally, Symons Capital Management Inc. raised its position in Vista Outdoor by 13.1% in the 4th quarter. Symons Capital Management Inc. now owns 35,042 shares of the company’s stock worth $511,000 after purchasing an additional 4,056 shares during the period.
In other news, Director Mark A. Gottfredson acquired 5,000 shares of Vista Outdoor stock in a transaction that occurred on Tuesday, December 5th. The shares were bought at an average cost of $14.60 per share, with a total value of $73,000.00. Following the transaction, the director now directly owns 21,716 shares of the company’s stock, valued at approximately $317,053.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher T. Metz acquired 6,500 shares of Vista Outdoor stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average cost of $14.86 per share, for a total transaction of $96,590.00. Following the completion of the transaction, the chief executive officer now directly owns 87,256 shares in the company, valued at $1,296,624.16. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 13,000 shares of company stock valued at $191,175. 1.50% of the stock is owned by insiders.
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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