Vista Outdoor Target of Unusually High Options Trading (VSTO)
Vista Outdoor Inc (NYSE:VSTO) saw unusually large options trading activity on Monday. Traders purchased 2,020 call options on the company. This is an increase of approximately 844% compared to the average volume of 214 call options.
In other Vista Outdoor news, Director Mark A. Gottfredson acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were bought at an average price of $14.60 per share, with a total value of $73,000.00. Following the completion of the acquisition, the director now owns 21,716 shares in the company, valued at approximately $317,053.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher T. Metz acquired 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average cost of $14.86 per share, for a total transaction of $96,590.00. Following the acquisition, the chief executive officer now owns 87,256 shares of the company’s stock, valued at approximately $1,296,624.16. The disclosure for this purchase can be found here. In the last three months, insiders purchased 13,000 shares of company stock worth $191,175. 1.50% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky raised its position in shares of Vista Outdoor by 26.4% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 20,600 shares of the company’s stock valued at $300,000 after buying an additional 4,300 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Vista Outdoor during the fourth quarter valued at approximately $234,000. Stone Ridge Asset Management LLC bought a new stake in shares of Vista Outdoor during the fourth quarter valued at approximately $636,000. Guggenheim Capital LLC bought a new stake in shares of Vista Outdoor during the fourth quarter valued at approximately $974,000. Finally, Deutsche Bank AG raised its position in shares of Vista Outdoor by 111.4% during the fourth quarter. Deutsche Bank AG now owns 260,720 shares of the company’s stock valued at $3,797,000 after buying an additional 137,389 shares during the last quarter.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.13 earnings per share 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 for the quarter, compared to the consensus estimate of $566.98 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. research analysts expect that Vista Outdoor will post 0.57 EPS for the current year.
A number of equities analysts recently issued reports on VSTO shares. Zacks Investment Research downgraded shares of Vista Outdoor from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. BidaskClub raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a report on Friday, October 20th. DA Davidson downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Thursday, November 9th. KeyCorp reissued 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 objective on the stock. in a report on Monday, November 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.78.
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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