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

Vista Outdoor Inc. (NYSE:VSTO) has been assigned a consensus rating of “Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $44.60.

VSTO has been the topic of several recent research reports. Argus upped their target price on shares of Vista Outdoor from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, May 26th. B. Riley upped their price objective on Vista Outdoor from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, May 27th. Cowen boosted their price target on Vista Outdoor from $33.00 to $36.00 in a research note on Thursday, March 25th. Lake Street Capital lifted their price objective on Vista Outdoor from $50.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, May 27th. Finally, Monness Crespi & Hardt lifted their price target on shares of Vista Outdoor from $42.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, May 27th.

In related news, insider Jason R. Vanderbrink sold 8,951 shares of Vista Outdoor stock in a transaction on Thursday, June 3rd. The stock was sold at an average price of $43.48, for a total transaction of $389,189.48. Following the completion of the sale, the insider now directly owns 76,957 shares of the company’s stock, valued at $3,346,090.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Tig H. Krekel sold 6,784 shares of the stock in a transaction dated Thursday, May 27th. The shares were sold at an average price of $43.75, for a total value of $296,800.00. Following the completion of the transaction, the director now directly owns 8,953 shares in the company, valued at approximately $391,693.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,305 shares of company stock worth $885,785. Corporate insiders own 1.78% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. increased its position in shares of Vista Outdoor by 1,545.7% in the 1st quarter. Meeder Asset Management Inc. now owns 757 shares of the company’s stock valued at $25,000 after buying an additional 711 shares in the last quarter. NEXT Financial Group Inc increased its holdings in shares of Vista Outdoor by 563.3% in the first quarter. NEXT Financial Group Inc now owns 796 shares of the company’s stock worth $26,000 after acquiring an additional 676 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Vista Outdoor during the first quarter worth about $28,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of Vista Outdoor by 352.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,035 shares of the company’s stock valued at $33,000 after purchasing an additional 806 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in Vista Outdoor during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 85.49% of the company’s stock.

NYSE VSTO opened at $39.68 on Thursday. The stock has a fifty day moving average of $41.53. Vista Outdoor has a 52-week low of $14.71 and a 52-week high of $47.62. The company has a quick ratio of 1.64, a current ratio of 2.87 and a debt-to-equity ratio of 0.67. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 8.92 and a beta of 0.43.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Thursday, May 6th. The company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.36. The company had revenue of $596.50 million during the quarter, compared to the consensus estimate of $528.22 million. Vista Outdoor had a return on equity of 35.61% and a net margin of 11.95%. The company’s quarterly revenue was up 39.9% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. Sell-side analysts forecast that Vista Outdoor will post 3.53 earnings per share for the current year.

Vista Outdoor Company Profile

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.

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Analyst Recommendations for Vista Outdoor (NYSE:VSTO)

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