Vista Outdoor Inc (NYSE:VSTO) Receives Average Recommendation of “Hold” from Analysts

Shares of Vista Outdoor Inc (NYSE:VSTO) have received an average rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $12.00.

A number of brokerages recently weighed in on VSTO. ValuEngine raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Thursday. Monness Crespi & Hardt raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Friday, May 10th. Zacks Investment Research cut shares of Vista Outdoor from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 16th. Cowen reaffirmed a “hold” rating and set a $12.00 price target on shares of Vista Outdoor in a research report on Thursday, May 9th. Finally, B. Riley set a $13.00 price target on shares of Vista Outdoor and gave the stock a “buy” rating in a research report on Monday, July 8th.

Shares of VSTO stock traded up $0.09 on Friday, reaching $7.38. 422,194 shares of the stock were exchanged, compared to its average volume of 553,722. The stock has a market cap of $420.82 million, a PE ratio of 48.60 and a beta of 0.36. The company has a current ratio of 2.96, a quick ratio of 1.88 and a debt-to-equity ratio of 1.12. The stock’s 50 day moving average price is $8.13. Vista Outdoor has a 1-year low of $6.75 and a 1-year high of $19.41.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.12). The firm 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 company’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.22) earnings per share. As a group, equities analysts forecast that Vista Outdoor will post 0.26 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of VSTO. PNC Financial Services Group Inc. raised its stake in shares of Vista Outdoor by 40.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,124 shares of the company’s stock valued at $58,000 after purchasing an additional 1,488 shares in the last quarter. BlackRock Inc. raised its stake in shares of Vista Outdoor by 3.1% in the 4th quarter. BlackRock Inc. now owns 8,311,097 shares of the company’s stock valued at $94,331,000 after purchasing an additional 249,541 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Vista Outdoor by 62.6% in the 4th quarter. Hsbc Holdings PLC now owns 16,498 shares of the company’s stock valued at $188,000 after purchasing an additional 6,352 shares in the last quarter. United Services Automobile Association raised its stake in shares of Vista Outdoor by 56.2% in the 4th quarter. United Services Automobile Association now owns 20,400 shares of the company’s stock valued at $232,000 after purchasing an additional 7,341 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Vista Outdoor by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 612,081 shares of the company’s stock valued at $6,947,000 after purchasing an additional 43,307 shares in the last quarter. Institutional investors and hedge funds own 94.14% 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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Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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