Brokerages Set Vista Outdoor Inc. (VSTO) Target Price at $50.00
Vista Outdoor Inc. (NYSE:VSTO) has been assigned an average recommendation of “Buy” from the eleven analysts that are presently covering the company. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $50.11.
Several research analysts have commented on VSTO shares. DA Davidson reaffirmed a “buy” rating and set a $51.00 price objective on shares of Vista Outdoor in a research note on Tuesday. Wunderlich lowered their target price on shares of Vista Outdoor from $60.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, November 7th. Jefferies Group reissued a “buy” rating and set a $54.00 target price on shares of Vista Outdoor in a research note on Monday, October 17th. Forward View reissued a “buy” rating and set a $43.00 target price on shares of Vista Outdoor in a research note on Saturday, October 8th. Finally, CL King initiated coverage on shares of Vista Outdoor in a research note on Monday, September 19th. They set a “buy” rating and a $45.00 target price for the company.
Vista Outdoor (NYSE:VSTO) opened at 37.87 on Monday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 16.44 and a beta of 0.32. Vista Outdoor has a 52 week low of $37.00 and a 52 week high of $53.91. The company has a 50 day moving average of $38.55 and a 200 day moving average of $44.23.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.61 by $0.13. The company earned $684 million during the quarter, compared to analyst estimates of $660.17 million. Vista Outdoor had a net margin of 7.26% and a return on equity of 9.36%. Vista Outdoor’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 earnings per share. On average, equities analysts forecast that Vista Outdoor will post $2.66 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the company. 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 4.2% in the third quarter. BlackRock Fund Advisors now owns 2,270,099 shares of the company’s stock worth $90,486,000 after buying an additional 91,163 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 purchased a new position in shares of Vista Outdoor during the second quarter worth approximately $73,829,000. Institutional investors and hedge funds own 90.43% 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. 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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