Vista Outdoor Inc. (VSTO) Downgraded by BidaskClub
BidaskClub downgraded shares of Vista Outdoor Inc. (NYSE:VSTO) from a hold rating to a sell rating in a research report report published on Friday.
Several other analysts have also recently commented on the company. Zacks Investment Research upgraded Vista Outdoor from a strong sell rating to a hold rating in a research report on Wednesday, July 19th. Cowen and Company reiterated a hold rating and set a $26.00 price target on shares of Vista Outdoor in a research report on Tuesday, July 11th. Roth Capital set a $21.00 price target on Vista Outdoor and gave the company a hold rating in a research report on Friday, October 6th. Jefferies Group LLC reissued a buy rating on shares of Vista Outdoor in a research note on Wednesday, October 11th. Finally, Forward View reissued a hold rating and set a $23.00 price objective on shares of Vista Outdoor in a research note on Sunday, August 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Vista Outdoor currently has an average rating of Hold and an average target price of $28.05.
Shares of Vista Outdoor (NYSE:VSTO) opened at 20.74 on Friday. The stock’s market cap is $1.18 billion. The company’s 50-day moving average price is $22.20 and its 200 day moving average price is $22.20. Vista Outdoor has a 1-year low of $18.32 and a 1-year high of $41.29.
Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, August 10th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $552.49 million. During the same quarter last year, the business posted $0.48 EPS. Vista Outdoor’s quarterly revenue was down 9.7% compared to the same quarter last year. Equities analysts forecast that Vista Outdoor will post $1.24 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of VSTO. Verition Fund Management LLC raised its position in shares of Vista Outdoor by 84.4% during the 2nd quarter. Verition Fund Management LLC now owns 27,861 shares of the company’s stock valued at $627,000 after acquiring an additional 12,749 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Vista Outdoor in the 2nd quarter valued at $278,000. Ameritas Investment Partners Inc. bought a new stake in shares of Vista Outdoor in the 2nd quarter valued at $113,000. Financial Partners Capital Management LLC increased its position in shares of Vista Outdoor by 27.0% in the 2nd quarter. Financial Partners Capital Management LLC now owns 19,075 shares of the company’s stock valued at $429,000 after buying an additional 4,050 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Vista Outdoor by 2,577.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,132 shares of the company’s stock valued at $993,000 after buying an additional 42,484 shares in the last quarter.
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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