Vista Outdoor Inc (NYSE:VSTO) dropped 5.3% during mid-day trading on Wednesday . The company traded as low as $7.97 and last traded at $8.07, approximately 650,356 shares were traded during mid-day trading. An increase of 22% from the average daily volume of 531,274 shares. The stock had previously closed at $8.52.
VSTO has been the topic of a number of recent research reports. Cowen reiterated a “hold” rating on shares of PDL BioPharma in a report on Thursday, May 9th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research downgraded shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Monness Crespi & Hardt upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, May 10th. Finally, B. Riley set a $36.00 target price on shares of SeaWorld Entertainment and gave the stock a “buy” rating in a report on Monday, July 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Vista Outdoor currently has an average rating of “Hold” and an average target price of $14.00.
The stock has a market cap of $484.36 million, a price-to-earnings ratio of 57.64 and a beta of 0.37. The business has a fifty day simple moving average of $8.40. 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 (NYSE:VSTO) last issued its earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate 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%. Vista Outdoor’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. As a group, analysts expect that Vista Outdoor Inc will post 0.26 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in 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 purchasing an additional 1,488 shares during the period. BNP Paribas Arbitrage SA raised its stake in 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. Paloma Partners Management Co acquired a new position in Vista Outdoor during the fourth quarter worth about $153,000. Hsbc Holdings PLC raised its stake in Vista Outdoor by 62.6% during the fourth quarter. Hsbc Holdings PLC now owns 16,498 shares of the company’s stock worth $188,000 after acquiring an additional 6,352 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Vista Outdoor during the fourth quarter worth about $189,000. 94.25% of the stock is owned by hedge funds and other institutional investors.
Vista Outdoor Company Profile (NYSE:VSTO)
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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