Vista Outdoor Inc. (NYSE:VSTO) Stock Rating Lowered by BidaskClub
BidaskClub downgraded shares of Vista Outdoor Inc. (NYSE:VSTO) from a hold rating to a sell rating in a report released on Thursday morning.
A number of other equities analysts also recently weighed in on the stock. Cowen and Company reaffirmed a market perform rating and issued a $26.00 target price (up from $18.00) on shares of Vista Outdoor in a research note on Wednesday, May 17th. DA Davidson raised shares of Vista Outdoor from a neutral rating to a buy rating and boosted their target price for the stock from $23.00 to $29.00 in a research note on Thursday, June 8th. Forward View reaffirmed a hold rating on shares of Vista Outdoor in a research note on Thursday, May 18th. Jefferies Group LLC reaffirmed a buy rating and issued a $28.00 target price on shares of Vista Outdoor in a research note on Friday, May 12th. Finally, Zacks Investment Research raised shares of Vista Outdoor from a strong sell rating to a hold rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Vista Outdoor currently has an average rating of Hold and an average target price of $31.14.
Vista Outdoor (VSTO) opened at 23.13 on Thursday. The stock has a 50 day moving average of $22.99 and a 200 day moving average of $22.32. Vista Outdoor has a 12-month low of $18.32 and a 12-month high of $52.08. The company’s market capitalization is $1.32 billion.
Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, May 11th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.15. Vista Outdoor had a positive return on equity of 7.62% and a negative net margin of 10.78%. The company had revenue of $578.80 million during the quarter, compared to the consensus estimate of $565.19 million. During the same period in the prior year, the firm posted $0.63 earnings per share. The company’s revenue was down 5.5% on a year-over-year basis. On average, equities research analysts predict that Vista Outdoor will post $1.23 EPS for the current year.
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Several large investors have recently bought and sold shares of VSTO. BlackRock Inc. increased its stake in Vista Outdoor by 16,839.6% in the first quarter. BlackRock Inc. now owns 5,667,641 shares of the company’s stock worth $116,698,000 after buying an additional 5,634,183 shares during the period. FMR LLC increased its stake in Vista Outdoor by 204.4% in the first quarter. FMR LLC now owns 4,055,755 shares of the company’s stock worth $83,508,000 after buying an additional 2,723,267 shares during the period. Frontier Capital Management Co. LLC acquired a new stake in Vista Outdoor during the first quarter worth $45,627,000. Norges Bank acquired a new stake in Vista Outdoor during the fourth quarter worth $22,369,000. Finally, River Road Asset Management LLC increased its stake in Vista Outdoor by 256.5% in the first quarter. River Road Asset Management LLC now owns 680,840 shares of the company’s stock worth $14,018,000 after buying an additional 489,858 shares during the period. 99.98% of the stock is owned by institutional investors and hedge funds.
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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