Vista Outdoor (NYSE:VSTO) Raised to “Hold” at Zacks Investment Research

Vista Outdoor (NYSE:VSTOGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “Vista Outdoor Inc. is the parent company of renowned brands which design, manufacture and market sporting and outdoor products. The company’s operating segment includes Outdoor Products and Sporting Products. Its brand portfolio includes Remington Ammunition, Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fiber Energy Products, Bell Helmets, Camp Chef, Giro, QuietKat, Stone Glacier, Federal Ammunition and more. The company principally serves outdoor enthusiasts, golfers, cyclists, backyard grillers, campers, hunters, recreational shooters, athletes, as well as law enforcement and military professionals. Vista Outdoor Inc. is based in ANOKA, Minn. “

A number of other equities research analysts have also recently weighed in on the stock. StockNews.com assumed coverage on shares of Vista Outdoor in a research report on Thursday, March 31st. They set a “buy” rating for the company. Roth Capital dropped their price objective on shares of Vista Outdoor from $61.00 to $57.00 in a report on Friday, February 4th. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $65.00 price objective on shares of Vista Outdoor in a report on Friday, March 18th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $58.11.

Shares of VSTO traded down $0.41 during trading on Friday, reaching $39.23. 13,239 shares of the company traded hands, compared to its average volume of 580,956. Vista Outdoor has a twelve month low of $31.83 and a twelve month high of $52.69. The stock has a market cap of $2.21 billion, a PE ratio of 5.46 and a beta of 0.54. The stock has a 50-day simple moving average of $36.36 and a 200-day simple moving average of $39.88. The company has a quick ratio of 1.21, a current ratio of 2.64 and a debt-to-equity ratio of 0.69.

Vista Outdoor (NYSE:VSTOGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.24. Vista Outdoor had a net margin of 15.09% and a return on equity of 49.40%. The business had revenue of $809.00 million during the quarter, compared to analysts’ expectations of $760.87 million. During the same period last year, the business earned $1.02 earnings per share. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, equities research analysts predict that Vista Outdoor will post 8.06 EPS for the current year.

In related news, insider Jason R. Vanderbrink sold 3,104 shares of Vista Outdoor stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $35.79, for a total value of $111,092.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.78% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Vista Outdoor by 0.7% in the fourth quarter. BlackRock Inc. now owns 8,861,965 shares of the company’s stock worth $408,272,000 after acquiring an additional 59,502 shares during the last quarter. Brown Advisory Inc. lifted its stake in Vista Outdoor by 0.8% in the fourth quarter. Brown Advisory Inc. now owns 1,553,669 shares of the company’s stock worth $71,577,000 after acquiring an additional 12,943 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Vista Outdoor by 4.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,109,670 shares of the company’s stock worth $44,731,000 after acquiring an additional 51,800 shares during the last quarter. Geode Capital Management LLC lifted its stake in Vista Outdoor by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 1,065,897 shares of the company’s stock worth $49,105,000 after acquiring an additional 70,756 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Vista Outdoor by 5.9% in the third quarter. Bank of New York Mellon Corp now owns 616,668 shares of the company’s stock worth $24,857,000 after acquiring an additional 34,154 shares during the last quarter. Institutional investors own 82.50% of the company’s stock.

Vista Outdoor Company Profile (Get Rating)

Vista Outdoor Inc designs, manufactures, and markets consumer products in the outdoor sports and recreation markets in the United States and internationally. The company operates through two segments, Shooting Sports and Outdoor Products. The Shooting Sports segment offers ammunition products, including centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components; and hunting and shooting accessories comprising high-performance hunting arrows, game calls, hunting blinds, game cameras, decoys, reloading equipment, clay targets, premium gun care products, holsters, duty gear, bags, packs, binoculars, riflescopes, and telescopes.

Further Reading

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