Cowen and Company Reiterates Hold Rating for Vista Outdoor Inc. (VSTO)
Vista Outdoor Inc. (NYSE:VSTO)‘s stock had its “hold” rating reissued by equities researchers at Cowen and Company in a report issued on Monday. They currently have a $14.50 target price on the stock. Cowen and Company’s price target would suggest a potential upside of 5.99% from the company’s previous close.
A number of other analysts also recently commented on VSTO. Forward View set a $23.00 price objective on shares of Vista Outdoor and gave the company a “hold” rating in a report on Sunday, August 13th. BidaskClub upgraded shares of Vista Outdoor from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Zacks Investment Research downgraded shares of Vista Outdoor from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. KeyCorp reiterated a “hold” rating on shares of Vista Outdoor in a report on Friday, November 10th. Finally, Aegis reiterated a “hold” rating and issued a $26.00 price objective on shares of Vista Outdoor in a report on Monday, August 21st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $23.40.
Vista Outdoor (VSTO) opened at $13.68 on Monday. The firm has a market cap of $763.55, a PE ratio of 10.83, a P/E/G ratio of 2.18 and a beta of -0.12. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.63 and a current ratio of 3.03. Vista Outdoor has a 1 year low of $12.35 and a 1 year high of $41.29.
Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. The company had revenue of $587.00 million during the quarter, compared to the consensus estimate of $588.85 million. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. Vista Outdoor’s quarterly revenue was down 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. analysts forecast that Vista Outdoor will post 0.72 earnings per share for the current year.
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In other news, Director Tig H. Krekel purchased 3,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $13.33 per share, for a total transaction of $39,990.00. Following the acquisition, the director now directly owns 7,684 shares of the company’s stock, valued at $102,427.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in VSTO. UBS Asset Management Americas Inc. increased 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 buying an additional 4,181 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Vista Outdoor by 3.1% during the 1st quarter. TIAA CREF Investment Management LLC now owns 188,556 shares of the company’s stock worth $3,882,000 after buying an additional 5,714 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Vista Outdoor by 5.6% during the 1st quarter. California Public Employees Retirement System now owns 105,100 shares of the company’s stock worth $2,164,000 after buying an additional 5,600 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Vista Outdoor by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 5,104,157 shares of the company’s stock worth $105,095,000 after buying an additional 489,274 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Vista Outdoor by 3.8% during the 1st quarter. Geode Capital Management LLC now owns 448,259 shares of the company’s stock worth $9,229,000 after buying an additional 16,369 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.
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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