B. Riley Trims Vista Outdoor (NYSE:VSTO) Target Price to $51.00

Vista Outdoor (NYSE:VSTOGet Rating) had its price objective lowered by B. Riley from $78.00 to $51.00 in a report published on Tuesday, The Fly reports. The brokerage currently has a buy rating on the stock.

VSTO has been the topic of a number of other research reports. StockNews.com started coverage on shares of Vista Outdoor in a report on Thursday, March 31st. They issued a buy rating on the stock. Monness Crespi & Hardt restated a buy rating and set a $65.00 price target on shares of Vista Outdoor in a research report on Friday, March 18th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vista Outdoor currently has an average rating of Buy and an average price target of $57.57.

Shares of VSTO stock opened at $30.01 on Tuesday. Vista Outdoor has a fifty-two week low of $28.81 and a fifty-two week high of $52.69. The company has a market cap of $1.70 billion, a PE ratio of 3.75 and a beta of 0.53. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.82. The stock’s fifty day moving average price is $36.27 and its two-hundred day moving average price is $38.00.

Vista Outdoor (NYSE:VSTOGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.24. Vista Outdoor had a return on equity of 50.41% and a net margin of 15.54%. The business had revenue of $809.00 million during the quarter, compared to analyst estimates of $760.87 million. During the same period last year, the company earned $1.02 EPS. Vista Outdoor’s revenue for the quarter was up 35.6% compared to the same quarter last year. On average, equities analysts predict that Vista Outdoor will post 7.37 EPS for the current fiscal year.

In related news, VP Dylan Scott Ramsey sold 8,422 shares of the stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $37.77, for a total value of $318,098.94. Following the completion of the transaction, the vice president now directly owns 19,655 shares of the company’s stock, valued at $742,369.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael D. Robinson sold 3,526 shares of the stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $39.00, for a total transaction of $137,514.00. Following the completion of the transaction, the director now directly owns 25,589 shares of the company’s stock, valued at $997,971. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 272,780 shares of company stock valued at $10,373,989. Company insiders own 2.17% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in VSTO. Franklin Resources Inc. bought a new stake in shares of Vista Outdoor during the 3rd quarter valued at $809,000. Marshall Wace LLP grew its position in Vista Outdoor by 7.0% during the 3rd quarter. Marshall Wace LLP now owns 42,937 shares of the company’s stock worth $1,731,000 after purchasing an additional 2,823 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Vista Outdoor by 11.1% in the 3rd quarter. MML Investors Services LLC now owns 14,980 shares of the company’s stock valued at $604,000 after acquiring an additional 1,497 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Vista Outdoor by 412.7% in the 3rd quarter. Millennium Management LLC now owns 264,803 shares of the company’s stock valued at $10,674,000 after acquiring an additional 213,150 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in Vista Outdoor by 13.3% during the third quarter. Voloridge Investment Management LLC now owns 24,814 shares of the company’s stock worth $1,000,000 after buying an additional 2,918 shares in the last quarter. 82.50% of the stock is owned by institutional investors and hedge funds.

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.

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