Vista Outdoor Inc. (NYSE:VSTO) Receives $39.00 Consensus Price Target from Analysts

Posted by on Sep 18th, 2023

Vista Outdoor Inc. (NYSE:VSTO – Get Free Report) has received an average recommendation of “Moderate Buy” from the four brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $39.00.

Several research firms recently commented on VSTO. Aegis reaffirmed a “buy” rating on shares of Vista Outdoor in a research report on Tuesday, September 12th. StockNews.com raised shares of Vista Outdoor from a “hold” rating to a “buy” rating in a research report on Friday. Finally, TheStreet raised shares of Vista Outdoor from a “c” rating to a “b-” rating in a research report on Wednesday, July 26th.

View Our Latest Report on Vista Outdoor

Vista Outdoor Price Performance

Shares of VSTO stock opened at $29.50 on Friday. Vista Outdoor has a 12-month low of $22.97 and a 12-month high of $32.05. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -20.49 and a beta of 0.92. The company has a quick ratio of 0.97, a current ratio of 2.33 and a debt-to-equity ratio of 0.75. The firm has a fifty day moving average of $29.18 and a 200-day moving average of $27.84.

Vista Outdoor (NYSE:VSTO – Get Free Report) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.15. The company had revenue of $693.30 million during the quarter, compared to analyst estimates of $711.87 million. Vista Outdoor had a negative net margin of 2.61% and a positive return on equity of 23.80%. The firm’s revenue was down 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.31 EPS. On average, equities research analysts forecast that Vista Outdoor will post 4.69 earnings per share for the current year.

Institutional Investors Weigh In On Vista Outdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its position in Vista Outdoor by 29.1% during the 2nd quarter. Osaic Holdings Inc. now owns 46,580 shares of the company’s stock worth $1,289,000 after buying an additional 10,494 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Vista Outdoor by 5.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 18,341 shares of the company’s stock worth $508,000 after buying an additional 992 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Vista Outdoor by 15.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 154,153 shares of the company’s stock worth $4,265,000 after buying an additional 20,685 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Vista Outdoor by 61.0% in the 2nd quarter. Wells Fargo & Company MN now owns 31,912 shares of the company’s stock valued at $883,000 after purchasing an additional 12,093 shares during the period. Finally, Colony Group LLC bought a new stake in shares of Vista Outdoor in the 2nd quarter valued at about $766,000. 82.39% of the stock is owned by institutional investors.

About Vista Outdoor

(Get Free Report

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. 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 for hunters, recreational shooters, federal and local law enforcement agencies, and military.

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