Forward View Analysts Give Vista Outdoor Inc. (VSTO) a $23.00 Price Target
VSTO has been the topic of a number of other research reports. Zacks Investment Research upgraded Vista Outdoor from a strong sell rating to a hold rating in a report on Wednesday, July 19th. Roth Capital set a $20.00 price objective on Vista Outdoor and gave the stock a hold rating in a research note on Saturday, May 13th. BidaskClub upgraded Vista Outdoor from a sell rating to a hold rating in a research note on Saturday, August 5th. DA Davidson upgraded Vista Outdoor from a neutral rating to a buy rating and boosted their price objective for the stock from $23.00 to $29.00 in a research note on Thursday, June 8th. Finally, Cowen and Company restated a market perform rating and set a $26.00 price objective (up previously from $18.00) on shares of Vista Outdoor in a research note on Wednesday, May 17th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $29.86.
Vista Outdoor (NYSE VSTO) opened at 23.55 on Friday. The firm’s market cap is $1.34 billion. The company’s 50-day moving average price is $22.81 and its 200 day moving average price is $21.67. Vista Outdoor has a 1-year low of $18.32 and a 1-year high of $41.29.
Vista Outdoor (NYSE:VSTO) last issued its earnings results on Thursday, August 10th. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.11. Vista Outdoor had a positive return on equity of 6.85% and a negative net margin of 11.55%. The firm had revenue of $569 million for the quarter, compared to analysts’ expectations of $552.49 million. During the same quarter last year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, equities analysts expect that Vista Outdoor will post $1.24 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in VSTO. BlackRock Inc. boosted its position in Vista Outdoor by 16,839.6% in the first quarter. BlackRock Inc. now owns 5,667,641 shares of the company’s stock valued at $116,698,000 after buying an additional 5,634,183 shares during the period. FMR LLC boosted its position in Vista Outdoor by 70.0% in the second quarter. FMR LLC now owns 6,894,441 shares of the company’s stock valued at $155,194,000 after buying an additional 2,838,686 shares during the period. Frontier Capital Management Co. LLC acquired a new position in Vista Outdoor during the first quarter valued at approximately $45,627,000. Dimensional Fund Advisors LP boosted its position in Vista Outdoor by 41.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,563,879 shares of the company’s stock valued at $80,224,000 after buying an additional 1,041,884 shares during the period. Finally, Southpoint Capital Advisors LP acquired a new position in Vista Outdoor during the second quarter valued at approximately $21,423,000. Institutional investors and hedge funds own 99.98% 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. 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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