Vista Outdoor Inc. (VSTO) Stock Rating Reaffirmed by Jefferies Group
Vista Outdoor Inc. (NYSE:VSTO)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Group in a research report issued on Monday. They currently have a $54.00 target price on the stock. Jefferies Group’s target price indicates a potential upside of 40.30% from the company’s current price.
Several other equities research analysts have also commented on VSTO. Forward View restated a “buy” rating and set a $43.00 price target on shares of Vista Outdoor in a research note on Saturday, October 8th. Zacks Investment Research lowered Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. CL King assumed coverage on Vista Outdoor in a research note on Monday, September 19th. They set a “buy” rating and a $45.00 price target for the company. Morgan Stanley restated a “hold” rating and set a $45.00 price target on shares of Vista Outdoor in a research note on Wednesday, August 17th. Finally, Roth Capital set a $57.00 price target on Vista Outdoor and gave the stock a “buy” rating in a research note on Monday, August 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $52.40.
Shares of Vista Outdoor (NYSE:VSTO) opened at 38.49 on Monday. Vista Outdoor has a 1-year low of $37.00 and a 1-year high of $53.91. The company’s 50-day moving average price is $38.91 and its 200 day moving average price is $45.49. The stock has a market cap of $2.32 billion, a PE ratio of 16.71 and a beta of 0.30.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.21. The firm had revenue of $630.30 million for the quarter, compared to analyst estimates of $669.04 million. Vista Outdoor had a return on equity of 9.13% and a net margin of 5.96%. The business’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. Equities analysts forecast that Vista Outdoor will post $2.65 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of VSTO. Vanguard Group Inc. increased its position 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 position 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 position 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 position 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 acquired a new position in shares of Vista Outdoor during the second quarter worth approximately $73,829,000. 90.96% of the stock is owned by hedge funds and other institutional investors.
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. 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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