Vista Outdoor Inc. (VSTO) Earns Buy Rating from Analysts at CL King
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Vista Outdoor from a hold rating to a sell rating in a report on Wednesday, July 13th. Morgan Stanley reaffirmed a hold rating and issued a $45.00 target price on shares of Vista Outdoor in a report on Wednesday, August 17th. Roth Capital began coverage on shares of Vista Outdoor in a report on Wednesday, June 15th. They issued a buy rating and a $55.00 target price on the stock. Monness Crespi & Hardt lowered shares of Vista Outdoor from a buy rating to a neutral rating in a report on Friday, August 12th. Finally, KeyCorp raised shares of Vista Outdoor from a sector weight rating to an overweight rating and set a $48.00 target price on the stock in a report on Tuesday, August 30th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Vista Outdoor presently has a consensus rating of Buy and a consensus price target of $53.38.
Shares of Vista Outdoor (NYSE:VSTO) opened at 38.81 on Monday. The company has a market capitalization of $2.34 billion, a P/E ratio of 16.84 and a beta of 0.30. Vista Outdoor has a 12-month low of $37.41 and a 12-month high of $53.91. The company has a 50 day moving average of $41.60 and a 200-day moving average of $47.26.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by $0.21. Vista Outdoor had a net margin of 5.96% and a return on equity of 9.13%. The business earned $630.30 million during the quarter, compared to analyst estimates of $669.04 million. During the same quarter in the prior year, the company posted $0.54 EPS. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, equities analysts anticipate that Vista Outdoor will post $2.65 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Vista Outdoor by 3.4% in the second quarter. Vanguard Group Inc. now owns 4,476,918 shares of the company’s stock worth $213,683,000 after buying an additional 146,400 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Vista Outdoor by 26.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,292,279 shares of the company’s stock worth $109,410,000 after buying an additional 472,424 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Vista Outdoor by 2.9% in the second quarter. BlackRock Fund Advisors now owns 2,178,936 shares of the company’s stock worth $104,001,000 after buying an additional 61,466 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Vista Outdoor by 2.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,776,298 shares of the company’s stock worth $84,783,000 after buying an additional 34,107 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC purchased a new stake in shares of Vista Outdoor during the second quarter worth $73,829,000. 93.55% of the stock is currently owned by institutional investors.
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. The Company’s 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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