DA Davidson Boosts Vista Outdoor (VSTO) Price Target to $17.00
Vista Outdoor (NYSE:VSTO) had its price target raised by DA Davidson to $17.00 in a research note issued to investors on Friday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s target price points to a potential downside of 4.71% from the stock’s previous close. DA Davidson also issued estimates for Vista Outdoor’s FY2018 earnings at $0.54 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.30 EPS, FY2019 earnings at $0.87 EPS and FY2020 earnings at $1.06 EPS.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Vista Outdoor from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of Vista Outdoor in a research note on Friday, November 10th. BidaskClub raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Cowen reaffirmed a “hold” rating and set a $14.50 price objective on shares of Vista Outdoor in a research note on Monday, November 13th. Finally, ValuEngine cut shares of Vista Outdoor from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.78.
Shares of Vista Outdoor (NYSE VSTO) opened at $17.84 on Friday. The firm has a market cap of $1,070.00, a PE ratio of -23.47, a P/E/G ratio of 3.04 and a beta of 0.26. Vista Outdoor has a 52 week low of $12.35 and a 52 week high of $25.07. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.13 and a quick ratio of 1.63.
In related news, Director Tig H. Krekel purchased 3,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $13.33 per share, with a total value of $39,990.00. Following the completion of the purchase, the director now directly owns 7,684 shares of the company’s stock, valued at $102,427.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher T. Metz purchased 6,500 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were bought at an average cost of $14.86 per share, for a total transaction of $96,590.00. Following the completion of the purchase, the chief executive officer now directly owns 87,256 shares of the company’s stock, valued at $1,296,624.16. The disclosure for this purchase can be found here. Insiders have acquired 16,000 shares of company stock worth $231,165 over the last ninety days. Insiders own 1.50% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new stake in shares of Vista Outdoor during the second quarter valued at approximately $113,000. Profund Advisors LLC grew its stake in shares of Vista Outdoor by 7.0% during the second quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock valued at $240,000 after purchasing an additional 698 shares during the last quarter. First Mercantile Trust Co. grew its stake in shares of Vista Outdoor by 42.8% during the fourth quarter. First Mercantile Trust Co. now owns 11,412 shares of the company’s stock valued at $166,000 after purchasing an additional 3,421 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Vista Outdoor during the fourth quarter valued at approximately $167,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Vista Outdoor during the second quarter valued at approximately $278,000.
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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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