Posted by Defense World Staff on Aug 11th, 2024
Stock analysts at StockNews.com assumed coverage on shares of Vista Outdoor (NYSE:VSTO – Get Free Report) in a research note issued on Sunday. The firm set a “buy” rating on the stock.
VSTO has been the topic of several other research reports. Aegis restated a “hold” rating and issued a $40.00 price objective on shares of Vista Outdoor in a research note on Tuesday, August 6th. B. Riley downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Wednesday. Monness Crespi & Hardt lifted their price objective on shares of Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Lake Street Capital increased their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Finally, Roth Mkm boosted their price objective on Vista Outdoor from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.20.
View Our Latest Research Report on VSTO
Vista Outdoor Trading Up 0.1 %
NYSE VSTO opened at $38.65 on Friday. The company has a market cap of $2.25 billion, a PE ratio of -351.36 and a beta of 0.86. Vista Outdoor has a 12 month low of $23.33 and a 12 month high of $41.11. The stock has a 50 day moving average of $37.05 and a 200-day moving average of $34.07. The company has a current ratio of 2.80, a quick ratio of 1.21 and a debt-to-equity ratio of 0.53.
Vista Outdoor (NYSE:VSTO – Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The firm had revenue of $644.18 million during the quarter, compared to analysts’ expectations of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 earnings per share. On average, equities research analysts anticipate that Vista Outdoor will post 4.07 EPS for the current fiscal year.
Institutional Investors Weigh In On Vista Outdoor
A number of large investors have recently added to or reduced their stakes in VSTO. Black Diamond Capital Management L.L.C. lifted its position in shares of Vista Outdoor by 149.9% during the 4th quarter. Black Diamond Capital Management L.L.C. now owns 695,303 shares of the company’s stock valued at $20,560,000 after acquiring an additional 417,050 shares during the period. Norges Bank acquired a new stake in Vista Outdoor during the fourth quarter worth about $9,884,000. American Century Companies Inc. increased its holdings in Vista Outdoor by 19.2% in the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after buying an additional 218,018 shares during the period. Brown Advisory Inc. raised its position in shares of Vista Outdoor by 14.2% in the 4th quarter. Brown Advisory Inc. now owns 1,318,975 shares of the company’s stock valued at $39,002,000 after buying an additional 164,385 shares in the last quarter. Finally, Gabelli Funds LLC lifted its holdings in shares of Vista Outdoor by 445.4% during the 4th quarter. Gabelli Funds LLC now owns 107,981 shares of the company’s stock worth $3,193,000 after acquiring an additional 88,181 shares during the period. Institutional investors and hedge funds own 90.51% of the company’s stock.
Vista Outdoor Company Profile
Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.
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