Vista Outdoor (NYSE:VSTO) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Friday.
Several other research firms have also recently weighed in on VSTO. Roth Capital set a $17.00 target price on Vista Outdoor and gave the stock a “hold” rating in a research note on Friday, February 9th. DA Davidson boosted their target price on Vista Outdoor to $17.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research upgraded Vista Outdoor from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.79.
Vista Outdoor (NYSE VSTO) traded up $0.14 during mid-day trading on Friday, reaching $16.54. The company had a trading volume of 645,875 shares, compared to its average volume of 1,016,787. The stock has a market capitalization of $942.08, a PE ratio of -21.76, a price-to-earnings-growth ratio of 2.88 and a beta of -0.45. Vista Outdoor has a 12-month low of $12.35 and a 12-month high of $25.07. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.97 and a current ratio of 3.13.
Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, February 8th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.06. The firm had revenue of $581.00 million during the quarter, compared to analysts’ expectations of $566.98 million. Vista Outdoor had a positive return on equity of 3.45% and a negative net margin of 1.88%. The firm’s revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 earnings per share. research analysts predict that Vista Outdoor will post 0.57 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new position in Vista Outdoor during the fourth quarter worth approximately $394,000. Gotham Asset Management LLC increased its position in Vista Outdoor by 74.7% during the fourth quarter. Gotham Asset Management LLC now owns 40,853 shares of the company’s stock worth $595,000 after buying an additional 17,465 shares during the period. Mountain Lake Investment Management LLC acquired a new position in Vista Outdoor during the fourth quarter worth approximately $2,695,000. Millennium Management LLC acquired a new position in Vista Outdoor during the fourth quarter worth approximately $652,000. Finally, Teachers Retirement System of The State of Kentucky increased its position in Vista Outdoor by 26.4% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 20,600 shares of the company’s stock worth $300,000 after buying an additional 4,300 shares during the period.
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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