Vista Outdoor Inc. (NYSE:VSTO)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group in a research report issued to clients and investors on Monday. They currently have a $54.00 target price on the stock. Jefferies Group’s price target would suggest a potential upside of 41.70% from the company’s previous close.
Other research analysts have also issued research reports about the stock. Forward View restated a “buy” rating and issued a $43.00 price target on shares of Vista Outdoor in a report on Saturday, October 8th. Zacks Investment Research lowered shares of Vista Outdoor from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. CL King began coverage on shares of Vista Outdoor in a report on Monday, September 19th. They issued a “buy” rating and a $45.00 price target on the stock. Roth Capital set a $57.00 price target on shares of Vista Outdoor and gave the company a “buy” rating in a report on Monday, August 1st. Finally, Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Friday, August 12th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $52.40.
Shares of Vista Outdoor (NYSE:VSTO) traded up 0.55% on Monday, hitting $38.11. 362,290 shares of the stock traded hands. The firm’s 50-day moving average is $38.96 and its 200 day moving average is $45.78. Vista Outdoor has a 12-month low of $37.00 and a 12-month high of $53.91. The firm has a market cap of $2.30 billion, a P/E ratio of 16.54 and a beta of 0.30.
Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, August 11th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.21. Vista Outdoor had a return on equity of 9.13% and a net margin of 5.96%. The company earned $630.30 million during the quarter, compared to analyst estimates of $669.04 million. During the same period in the prior year, the business posted $0.54 earnings per share. Vista Outdoor’s revenue was up 22.5% on a year-over-year basis. Equities research analysts forecast that Vista Outdoor will post $2.65 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of VSTO. Eagle Asset Management Inc. raised its stake in shares of Vista Outdoor by 1.9% in the third quarter. Eagle Asset Management Inc. now owns 37,505 shares of the company’s stock worth $1,494,000 after buying an additional 692 shares during the period. Creative Planning raised its stake in shares of Vista Outdoor by 46.8% in the third quarter. Creative Planning now owns 12,756 shares of the company’s stock worth $508,000 after buying an additional 4,066 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Vista Outdoor by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 21,540 shares of the company’s stock worth $859,000 after buying an additional 419 shares during the period. Mason Street Advisors LLC bought a new stake in shares of Vista Outdoor during the second quarter worth about $1,322,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Vista Outdoor by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 24,806 shares of the company’s stock worth $1,184,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 90.96% of the company’s stock.
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. The Company’s 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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