Vista Outdoor Inc. (VSTO) Rating Increased to Hold at Zacks Investment Research
Vista Outdoor Inc. (NYSE:VSTO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.
According to Zacks, “Vista Outdoor Inc. develops, manufacture and distribute optics, accessories and eyewear. The Company operates in two segments: Shooting Sports and Outdoor Products. Its product consist of binoculars, laser rangefinders, riflescopes, trail cameras, archery accessories, blinds, decoys, game calls, gun care products, mounts, powder, reloading equipment, targets, target systems, safety and protective eyewear, fashion and sports eyewear. The company’s product portfolio include Bushnell(R), Primos(R), Bollè(R), Serengeti(R), Cèbè, RCBS(R), Hoppe’s(R), Uncle Mike’s(R), Gold Tip(R), Weaver(R) and Tasco(R). Vista Outdoor Inc. is headquartered in Utah. “
A number of other research analysts have also weighed in on the company. KeyCorp raised Vista Outdoor from a “sector weight” rating to an “overweight” rating and set a $48.00 price objective for the company in a research report on Tuesday, August 30th. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Friday, August 12th. Morgan Stanley reaffirmed a “hold” rating and set a $45.00 price objective on shares of Vista Outdoor in a research report on Wednesday, August 17th. Roth Capital set a $57.00 price objective on Vista Outdoor and gave the company a “buy” rating in a research report on Monday, August 1st. Finally, CL King started coverage on Vista Outdoor in a research report on Monday, September 19th. They set a “buy” rating and a $45.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $50.90.
Shares of Vista Outdoor (NYSE:VSTO) opened at 37.87 on Friday. Vista Outdoor has a 52 week low of $37.00 and a 52 week high of $53.91. The firm has a 50 day moving average price of $38.55 and a 200 day moving average price of $44.23. 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 (NYSE:VSTO) last announced its earnings results on Thursday, November 10th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.13. Vista Outdoor had a return on equity of 9.36% and a net margin of 7.26%. The firm earned $684 million during the quarter, compared to analyst estimates of $660.17 million. During the same quarter in the prior year, the company earned $0.63 EPS. The business’s revenue was up 24.1% compared to the same quarter last year. Equities analysts forecast that Vista Outdoor will post $2.66 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in VSTO. Alpha Windward LLC increased its position in Vista Outdoor by 0.4% in the second quarter. Alpha Windward LLC now owns 8,947 shares of the company’s stock worth $427,000 after buying an additional 37 shares during the period. Profund Advisors LLC increased its position in Vista Outdoor by 0.9% in the second quarter. Profund Advisors LLC now owns 7,296 shares of the company’s stock worth $348,000 after buying an additional 64 shares during the period. First Citizens Bank & Trust Co. increased its position in Vista Outdoor by 1.7% in the third quarter. First Citizens Bank & Trust Co. now owns 5,394 shares of the company’s stock worth $215,000 after buying an additional 91 shares during the period. Glenmede Trust Co. NA increased its position in Vista Outdoor by 4.1% in the second quarter. Glenmede Trust Co. NA now owns 2,440 shares of the company’s stock worth $116,000 after buying an additional 95 shares during the period. Finally, Aperio Group LLC increased its position in Vista Outdoor by 0.7% in the third quarter. Aperio Group LLC now owns 13,572 shares of the company’s stock worth $541,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.
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. 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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