Vista Outdoor Sees Unusually High Options Volume (NYSE:VSTO)

Vista Outdoor Inc (NYSE:VSTO) saw unusually large options trading activity on Monday. Stock traders acquired 1,005 call options on the stock. This is an increase of approximately 1,004% compared to the average volume of 91 call options.

Vista Outdoor (NYSE VSTO) traded up $0.07 on Friday, hitting $15.11. 405,837 shares of the company traded hands, compared to its average volume of 714,511. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.63 and a current ratio of 3.03. Vista Outdoor has a 1 year low of $12.35 and a 1 year high of $29.42. The firm has a market cap of $866.16 and a PE ratio of -1.85.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. The firm had revenue of $587.00 million during the quarter, compared to analysts’ expectations of $588.85 million. During the same period in the previous year, the business posted $0.74 EPS. The business’s revenue was down 14.2% compared to the same quarter last year. analysts forecast that Vista Outdoor will post 0.57 earnings per share for the current fiscal year.

In other Vista Outdoor news, Director Mark A. Gottfredson acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was acquired at an average cost of $14.60 per share, for a total transaction of $73,000.00. Following the purchase, the director now owns 21,716 shares in the company, valued at approximately $317,053.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher T. Metz acquired 6,500 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were acquired at an average price of $14.86 per share, with a total value of $96,590.00. Following the completion of the purchase, the chief executive officer now owns 87,256 shares in the company, valued at approximately $1,296,624.16. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 16,000 shares of company stock worth $231,165. 1.50% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of VSTO. BlackRock Inc. raised its position in Vista Outdoor by 23.5% during the second 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 raised its position in Vista Outdoor by 70.0% during the second 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 raised its position in Vista Outdoor by 18.2% during the second 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. raised its position in Vista Outdoor by 4.8% during the second 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 raised its position in Vista Outdoor by 16.9% during the third quarter. Dimensional Fund Advisors LP now owns 4,164,649 shares of the company’s stock worth $95,537,000 after acquiring an additional 600,770 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Several analysts have commented on the stock. Cowen restated a “hold” rating and set a $26.00 price objective on shares of Vista Outdoor in a research note on Wednesday, October 4th. BidaskClub upgraded shares of Vista Outdoor from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Roth Capital set a $21.00 price objective on shares of Vista Outdoor and gave the company a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research cut shares of Vista Outdoor from a “buy” rating to a “sell” rating in a research note on Tuesday, October 24th. Finally, Jefferies Group restated a “buy” rating on shares of Vista Outdoor in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Vista Outdoor presently has a consensus rating of “Hold” and a consensus price target of $23.40.

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Vista Outdoor Company Profile

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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