Vista Outdoor (NYSE:VSTO)‘s stock had its “hold” rating restated by investment analysts at Cowen in a report issued on Monday, AnalystRatings.com reports. They presently have a $5.00 price objective on the stock. Cowen’s price target would indicate a potential downside of 19.48% from the stock’s previous close.
VSTO has been the subject of several other reports. Lake Street Capital began coverage on shares of Vista Outdoor in a report on Tuesday, July 9th. They set a “buy” rating and a $11.00 price target for the company. B. Riley set a $11.00 price target on shares of Vista Outdoor and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, ValuEngine raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $11.20.
VSTO stock traded down $0.17 during trading on Monday, hitting $6.21. 22,608 shares of the stock traded hands, compared to its average volume of 746,446. Vista Outdoor has a one year low of $4.30 and a one year high of $18.18. The stock has a market cap of $363.27 million, a price-to-earnings ratio of 44.36 and a beta of 0.42. The company has a 50 day simple moving average of $5.57 and a 200 day simple moving average of $7.67. The company has a current ratio of 2.96, a quick ratio of 1.82 and a debt-to-equity ratio of 1.37.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.11). Vista Outdoor had a negative net margin of 30.80% and a positive return on equity of 0.48%. The firm had revenue of $459.77 million for the quarter, compared to the consensus estimate of $471.41 million. Vista Outdoor’s quarterly revenue was down 13.1% on a year-over-year basis. As a group, analysts predict that Vista Outdoor will post 0.13 earnings per share for the current fiscal year.
In related news, CFO Miguel A. Lopez bought 10,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was bought at an average cost of $4.81 per share, with a total value of $48,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher T. Metz bought 33,730 shares of the company’s stock in a transaction on Friday, August 16th. The stock was bought at an average cost of $4.46 per share, with a total value of $150,435.80. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. NumerixS Investment Technologies Inc bought a new position in shares of Vista Outdoor in the second quarter worth about $40,000. Bank of Montreal Can raised its stake in shares of Vista Outdoor by 509.1% during the second quarter. Bank of Montreal Can now owns 5,263 shares of the company’s stock worth $47,000 after buying an additional 4,399 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Vista Outdoor during the second quarter worth approximately $65,000. Point72 Hong Kong Ltd bought a new stake in shares of Vista Outdoor during the second quarter worth approximately $69,000. Finally, Magnus Financial Group LLC bought a new stake in shares of Vista Outdoor during the second quarter worth approximately $103,000. 94.67% of the stock is owned by institutional investors.
About Vista Outdoor
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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