Vista Outdoor Inc. (NYSE:VSTO) Receives Average Rating of “Buy” from Brokerages

Vista Outdoor Inc. (NYSE:VSTOGet Rating) has earned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $61.43.

VSTO has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Vista Outdoor in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Monness Crespi & Hardt reissued a “buy” rating and issued a $65.00 price objective on shares of Vista Outdoor in a research report on Friday, March 18th.

In other Vista Outdoor news, Director Michael D. Robinson sold 3,526 shares of Vista Outdoor stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $39.00, for a total value of $137,514.00. Following the completion of the sale, the director now owns 25,589 shares in the company, valued at approximately $997,971. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason R. Vanderbrink sold 10,832 shares of Vista Outdoor stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $36.87, for a total transaction of $399,375.84. Following the completion of the sale, the insider now owns 69,540 shares of the company’s stock, valued at approximately $2,563,939.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 272,780 shares of company stock valued at $10,373,989. 1.78% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Richwood Investment Advisors LLC acquired a new stake in Vista Outdoor in the 4th quarter worth about $28,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in Vista Outdoor in the 3rd quarter worth about $27,000. Huntington National Bank raised its stake in Vista Outdoor by 56.3% in the 4th quarter. Huntington National Bank now owns 833 shares of the company’s stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Eagle Bay Advisors LLC increased its holdings in Vista Outdoor by 73.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,269 shares of the company’s stock valued at $56,000 after buying an additional 537 shares during the period. Finally, NEXT Financial Group Inc increased its holdings in Vista Outdoor by 26.2% in the 4th quarter. NEXT Financial Group Inc now owns 1,402 shares of the company’s stock valued at $65,000 after buying an additional 291 shares during the period. Institutional investors and hedge funds own 82.50% of the company’s stock.

Vista Outdoor stock opened at $31.50 on Friday. The company has a market cap of $1.78 billion, a P/E ratio of 3.94 and a beta of 0.53. Vista Outdoor has a 1-year low of $31.31 and a 1-year high of $52.69. The company has a fifty day simple moving average of $36.73 and a 200 day simple moving average of $38.25. The company has a current ratio of 2.82, a quick ratio of 1.19 and a debt-to-equity ratio of 0.59.

Vista Outdoor (NYSE:VSTOGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.24. Vista Outdoor had a net margin of 15.54% and a return on equity of 50.41%. The company had revenue of $809.00 million during the quarter, compared to the consensus estimate of $760.87 million. During the same quarter last year, the firm posted $1.02 EPS. The company’s quarterly revenue was up 35.6% on a year-over-year basis. On average, equities research analysts forecast that Vista Outdoor will post 7.37 EPS for the current year.

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, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories that serves hunters, recreational shooters, federal and local law enforcement agencies, and military.

Further Reading

Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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