Vista Outdoor’s (VSTO) “Hold” Rating Reiterated at Cowen

Cowen restated their hold rating on shares of Vista Outdoor (NYSE:VSTO) in a research note issued to investors on Thursday morning, AnalystRatings.com reports. They currently have a $12.00 target price on the stock.

Several other research firms also recently issued reports on VSTO. Zacks Investment Research downgraded Vista Outdoor from a buy rating to a hold rating in a research note on Wednesday, March 13th. B. Riley set a $13.00 price objective on Vista Outdoor and gave the company a buy rating in a research note on Thursday, May 2nd. Roth Capital reaffirmed a neutral rating on shares of Vista Outdoor in a research note on Friday, February 8th. Finally, ValuEngine downgraded Vista Outdoor from a hold rating to a sell rating in a research note on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Vista Outdoor has an average rating of Hold and a consensus price target of $14.60.

Shares of NYSE VSTO opened at $10.15 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.96 and a quick ratio of 1.78. The stock has a market cap of $532.14 million, a price-to-earnings ratio of 72.50 and a beta of 0.11. Vista Outdoor has a 12 month low of $7.78 and a 12 month high of $19.41.

Vista Outdoor (NYSE:VSTO) last issued its earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.12). The business had revenue of $515.34 million for the quarter, compared to analyst estimates of $503.17 million. Vista Outdoor had a positive return on equity of 0.89% and a negative net margin of 31.50%. The firm’s revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.22) EPS. On average, sell-side analysts predict that Vista Outdoor will post 0.45 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Swiss National Bank raised its position in shares of Vista Outdoor by 3.2% during the first quarter. Swiss National Bank now owns 105,000 shares of the company’s stock worth $841,000 after purchasing an additional 3,300 shares during the period. Wells Fargo & Company MN raised its position in Vista Outdoor by 46.9% in the 1st quarter. Wells Fargo & Company MN now owns 456,682 shares of the company’s stock valued at $3,658,000 after buying an additional 145,728 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in Vista Outdoor in the 1st quarter valued at $344,000. Frontier Capital Management Co. LLC raised its position in Vista Outdoor by 12.4% in the 1st quarter. Frontier Capital Management Co. LLC now owns 5,305,969 shares of the company’s stock valued at $42,501,000 after buying an additional 586,071 shares during the last quarter. Finally, First Mercantile Trust Co. raised its position in Vista Outdoor by 24.9% in the 1st quarter. First Mercantile Trust Co. now owns 38,829 shares of the company’s stock valued at $311,000 after buying an additional 7,752 shares during the last quarter. Hedge funds and other institutional investors own 97.00% of the company’s stock.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.

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