Vista Outdoor Inc. (VSTO) Receives Average Rating of “Hold” from Analysts
Vista Outdoor Inc. (NYSE:VSTO) has earned a consensus rating of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $28.17.
VSTO has been the subject of a number of recent research reports. Zacks Investment Research upgraded Vista Outdoor from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, August 15th. Jefferies Group LLC restated a “buy” rating and issued a $28.00 price objective on shares of Vista Outdoor in a report on Friday, July 14th. BidaskClub upgraded Vista Outdoor from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Aegis restated a “hold” rating and issued a $26.00 price objective on shares of Vista Outdoor in a report on Monday, August 21st. Finally, Forward View restated a “hold” rating and issued a $23.00 price objective on shares of Vista Outdoor in a report on Sunday, August 20th.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Vista Outdoor by 23.5% during the 2nd quarter. BlackRock Inc. now owns 6,998,726 shares of the company’s stock worth $157,542,000 after acquiring an additional 1,331,085 shares during the period. FMR LLC grew its holdings in Vista Outdoor by 70.0% during the 2nd quarter. FMR LLC now owns 6,894,441 shares of the company’s stock worth $155,194,000 after acquiring an additional 2,838,686 shares during the period. First Eagle Investment Management LLC grew its holdings in Vista Outdoor by 18.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 5,523,517 shares of the company’s stock worth $124,334,000 after acquiring an additional 852,195 shares during the period. Vanguard Group Inc. grew its holdings in Vista Outdoor by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 5,346,858 shares of the company’s stock worth $120,358,000 after acquiring an additional 242,701 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Vista Outdoor by 41.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,563,879 shares of the company’s stock worth $80,224,000 after acquiring an additional 1,041,884 shares during the period. Hedge funds and other institutional investors own 96.45% of the company’s stock.
Shares of Vista Outdoor (NYSE:VSTO) opened at 21.75 on Friday. Vista Outdoor has a 1-year low of $19.66 and a 1-year high of $41.29. The firm’s market capitalization is $1.24 billion. The stock has a 50 day moving average price of $22.46 and a 200 day moving average price of $22.46.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.11. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The company had revenue of $569.00 million during the quarter, compared to analysts’ expectations of $552.49 million. During the same period in the prior year, the company earned $0.48 EPS. Vista Outdoor’s revenue was down 9.7% compared to the same quarter last year. Equities research analysts anticipate that Vista Outdoor will post $1.24 earnings per share for the current fiscal year.
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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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