Insider Buying: Vista Outdoor Inc. (VSTO) Director Buys 5,000 Shares of Stock
Vista Outdoor Inc. (NYSE:VSTO) Director Mark A. Gottfredson bought 5,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was bought at an average price of $14.60 per share, for a total transaction of $73,000.00. Following the purchase, the director now directly owns 21,716 shares of the company’s stock, valued at $317,053.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Vista Outdoor Inc. (NYSE:VSTO) traded down $0.15 during mid-day trading on Wednesday, reaching $14.73. The company’s stock had a trading volume of 804,156 shares, compared to its average volume of 1,314,944. The stock has a market capitalization of $847.25, a P/E ratio of 12.02, a P/E/G ratio of 2.58 and a beta of -0.36. The company has a quick ratio of 1.63, a current ratio of 3.03 and a debt-to-equity ratio of 0.86. Vista Outdoor Inc. has a 52 week low of $12.35 and a 52 week high of $40.14.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $588.85 million. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. Vista Outdoor’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 earnings per share. equities research analysts anticipate that Vista Outdoor Inc. will post 0.57 EPS for the current year.
A number of analysts have recently commented on VSTO shares. BidaskClub upgraded Vista Outdoor from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Zacks Investment Research upgraded Vista Outdoor from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, August 15th. Jefferies Group reiterated a “buy” rating on shares of Vista Outdoor in a research report on Wednesday, October 11th. Roth Capital set a $21.00 price target on Vista Outdoor and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, Cowen reiterated a “hold” rating and set a $26.00 price target on shares of Vista Outdoor in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $23.40.
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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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