Shares of Vista Outdoor Inc. (NYSE:VSTO) have been given a consensus rating of “Buy” by the twelve brokerages that are covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $35.56.
Several equities research analysts have issued reports on the stock. Cowen reiterated a “buy” rating and set a $33.00 price objective on shares of Vista Outdoor in a research note on Friday, February 12th. KeyCorp boosted their price objective on shares of Vista Outdoor from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, February 5th. Monness Crespi & Hardt boosted their price objective on shares of Vista Outdoor from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, February 5th. Lake Street Capital boosted their price objective on shares of Vista Outdoor from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, February 5th. Finally, Wedbush assumed coverage on shares of Vista Outdoor in a research note on Thursday, January 21st. They set an “outperform” rating and a $36.00 price objective for the company.
Vista Outdoor stock opened at $34.75 on Monday. Vista Outdoor has a 1 year low of $4.29 and a 1 year high of $38.36. The firm has a 50 day moving average price of $29.87 and a 200 day moving average price of $23.00. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -20.32 and a beta of 0.40. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.45 and a current ratio of 2.68.
Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, February 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.37. Vista Outdoor had a negative net margin of 5.52% and a positive return on equity of 9.19%. The firm had revenue of $574.70 million during the quarter, compared to the consensus estimate of $525.94 million. During the same period in the previous year, the firm earned $0.21 earnings per share. Vista Outdoor’s revenue was up 35.3% compared to the same quarter last year. Sell-side analysts predict that Vista Outdoor will post 1.97 EPS for the current year.
In related news, insider Jason R. Vanderbrink sold 15,498 shares of the company’s stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $33.80, for a total value of $523,832.40. Following the sale, the insider now directly owns 91,657 shares of the company’s stock, valued at $3,098,006.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher T. Metz sold 15,000 shares of the company’s stock in a transaction on Friday, November 27th. The shares were sold at an average price of $21.00, for a total transaction of $315,000.00. Following the completion of the sale, the chief executive officer now directly owns 564,336 shares in the company, valued at $11,851,056. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of VSTO. Brown Advisory Inc. acquired a new stake in Vista Outdoor in the fourth quarter valued at $31,861,000. Morgan Stanley raised its holdings in shares of Vista Outdoor by 487.2% during the fourth quarter. Morgan Stanley now owns 976,548 shares of the company’s stock worth $23,203,000 after purchasing an additional 810,231 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Vista Outdoor during the fourth quarter worth $12,474,000. BlackRock Inc. raised its holdings in shares of Vista Outdoor by 4.4% during the fourth quarter. BlackRock Inc. now owns 8,838,185 shares of the company’s stock worth $209,995,000 after purchasing an additional 376,158 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Vista Outdoor during the third quarter worth $6,729,000. 89.59% of the stock is currently owned by hedge funds and other institutional investors.
Vista Outdoor Company Profile
Vista Outdoor Inc designs, manufactures, and markets various consumer products in the outdoor sports and recreation markets in the United States and internationally. It has a portfolio of brands that provides consumers with a range of products for individual outdoor recreational pursuits. The company operates through two segments, Shooting Sports and Outdoor Products.
Featured Story: What is range trading?
Receive News & Ratings for Vista Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vista Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.