Vista Outdoor Inc (VSTO) Receives Consensus Recommendation of “Hold” from Analysts

Vista Outdoor Inc (NYSE:VSTO) has been given an average rating of “Hold” by the six analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $12.33.

A number of equities research analysts recently weighed in on VSTO shares. ValuEngine downgraded shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Cowen reaffirmed a “hold” rating and issued a $12.00 target price on shares of Vista Outdoor in a research note on Thursday, May 9th. Roth Capital reaffirmed a “neutral” rating on shares of Vista Outdoor in a research note on Friday, February 8th. Zacks Investment Research downgraded shares of Vista Outdoor from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, B. Riley assumed coverage on shares of Vista Outdoor in a research note on Thursday, February 28th. They set a “buy” rating and a $13.00 price target on the stock.

VSTO traded down $0.21 on Tuesday, reaching $8.66. The company had a trading volume of 554,490 shares, compared to its average volume of 562,744. The company has a market capitalization of $522.93 million, a P/E ratio of 61.86 and a beta of 0.11. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.96 and a quick ratio of 1.88. Vista Outdoor has a 52-week low of $7.78 and a 52-week high of $19.41.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.12). The company had revenue of $515.34 million during the quarter, compared to analysts’ expectations of $503.17 million. Vista Outdoor had a negative net margin of 31.50% and a positive return on equity of 0.89%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.22) earnings per share. On average, equities analysts anticipate that Vista Outdoor will post 0.3 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of VSTO. PNC Financial Services Group Inc. raised its stake in shares of Vista Outdoor by 40.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,124 shares of the company’s stock worth $58,000 after acquiring an additional 1,488 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of Vista Outdoor during the first quarter worth approximately $72,000. BlueCrest Capital Management Ltd purchased a new position in shares of Vista Outdoor during the first quarter worth approximately $100,000. BNP Paribas Arbitrage SA raised its stake in shares of Vista Outdoor by 112.1% during the first quarter. BNP Paribas Arbitrage SA now owns 13,229 shares of the company’s stock worth $106,000 after acquiring an additional 6,991 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Vista Outdoor by 15.5% during the first quarter. Hsbc Holdings PLC now owns 19,047 shares of the company’s stock worth $152,000 after acquiring an additional 2,549 shares in the last quarter. 96.55% of the stock is currently owned by hedge funds and other institutional investors.

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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