Vista Outdoor Inc (NYSE:VSTO) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.55 and last traded at $8.93, with a volume of 43298 shares. The stock had previously closed at $10.57.
Several research firms have issued reports on VSTO. Roth Capital reiterated a “neutral” rating on shares of Vista Outdoor in a research note on Friday. Zacks Investment Research upgraded Vista Outdoor from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, November 6th. Finally, ValuEngine upgraded Vista Outdoor from a “sell” rating to a “hold” rating in a research note on Monday, November 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Vista Outdoor has an average rating of “Hold” and a consensus target price of $16.88.
The company has a current ratio of 2.95, a quick ratio of 1.44 and a debt-to-equity ratio of 1.09.
Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, February 7th. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. Vista Outdoor had a negative return on equity of 0.44% and a negative net margin of 29.12%. The company had revenue of $467.80 million during the quarter, compared to analyst estimates of $505.40 million. During the same period last year, the company posted $0.13 earnings per share. The firm’s quarterly revenue was down 19.5% compared to the same quarter last year. Analysts forecast that Vista Outdoor Inc will post 0.25 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of Vista Outdoor by 1,179.6% in the third quarter. Renaissance Technologies LLC now owns 319,900 shares of the company’s stock valued at $5,723,000 after buying an additional 294,900 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Vista Outdoor in the second quarter valued at $2,544,000. IndexIQ Advisors LLC increased its stake in shares of Vista Outdoor by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 139,292 shares of the company’s stock valued at $2,492,000 after buying an additional 5,260 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in Vista Outdoor by 55.7% in the third quarter. MetLife Investment Advisors LLC now owns 42,109 shares of the company’s stock valued at $753,000 after acquiring an additional 15,068 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Vista Outdoor by 24.9% in the third quarter. US Bancorp DE now owns 24,680 shares of the company’s stock valued at $442,000 after acquiring an additional 4,920 shares during the last quarter. Institutional investors own 97.58% of the company’s stock.
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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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