The price of Vista Outdoor Inc. (NYSE:VSTO) shares last traded on Wall Street rose 0.34% to $26.68.
As we calculate the median target price by taking the range between a high of $41.00 and a low of $27.00, we find $36.50. Given the previous closing price of $26.59, this indicates a potential upside of 37.27 percent. VSTO stock price is now -3.29% away from the 50-day moving average and -5.21% away from the 200-day moving average. The market capitalization of the company currently stands at $1.51B.
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Brokers who have rated the stock have averaged $34.67 as their price target over the next twelve months.
With the price target of $26, Jefferies recently initiated with Hold rating for Vista Outdoor Inc. (NYSE: VSTO). On July 26, 2022, ROTH Capital Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $53 to quote $32, while ‘MKM Partners’ rates the stock as ‘Buy’.
In other news, Reisdorf Kelly L, Chief Comms & IR Officer sold 1,356 shares of the company’s stock on Nov 14. The stock was sold for $37,548 at an average price of $27.69. Upon completion of the transaction, the Chief Comms & IR Officer now directly owns 13,644 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03, President, Ammunition Vanderbrink Jason R sold 10,832 shares of the business’s stock. A total of $399,376 was realized by selling the stock at an average price of $36.87. This leaves the insider owning 69,540 shares of the company worth $1.86 million. Insiders disposed of 295,773 shares of company stock worth roughly $7.89 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VSTO stock. A new stake in Vista Outdoor Inc. shares was purchased by JEFFERIES FINANCIAL GROUP INC. during the first quarter worth $8,757,000. TWINBEECH CAPITAL LP invested $3,646,000 in shares of VSTO during the first quarter. In the first quarter, ALDEN GLOBAL CAPITAL LLC acquired a new stake in Vista Outdoor Inc. valued at approximately $2,310,000. HRT FINANCIAL LP acquired a new stake in VSTO for approximately $1,294,000. AQUATIC CAPITAL MANAGEMENT LLC purchased a new stake in VSTO valued at around $1,070,000 in the second quarter. In total, there are 371 active investors with 88.00% ownership of the company’s stock.
A candlestick chart of Vista Outdoor Inc. (NYSE: VSTO) showed a price of $26.13 on Thursday morning. During the past 12 months, Vista Outdoor Inc. has had a low of $22.97 and a high of $41.20. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 2.40, and a quick ratio of 1.00. The fifty day moving average price for VSTO is $27.59 and a two-hundred day moving average price translates $28.15 for the stock.
The latest earnings results from Vista Outdoor Inc. (NYSE: VSTO) was released for Dec, 2022. According to the Leisure Company, earnings per share came in at $1.3, beating analysts’ expectations of $1.12 by 0.18. This compares to $2.00 EPS in the same period last year. The company reported revenue of $754.77 million for the quarter, compared to $794.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.02 percent. For the current quarter, analysts expect VSTO to generate $734.19M in revenue.
Vista Outdoor Inc.(VSTO) 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, 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. This segment products include ammunition products, such as pistol, rifle, rimfire, and shotshell ammunition, as well as components. The Outdoor Products segment offers gears and equipment that enhances the outdoor experiences of a wide variety of end users, including hunters, hikers, campers, cyclists, skiers, snowboarders, and golfers. This segments products portfolio includes hunting and shooting accessories comprising reloading equipment, clay targets, premium gun care products, hunting arrows, game calls, hunting blinds, and decoys; optics, such as binoculars, riflescopes, game cameras, and telescopes; tactical accessories comprising holsters, duty gear, bags, and packs; personal hydration solutions consist of hydration packs, water bottles, and drinkware; outdoor cooking solutions, including grills, cookware, pellets, and camp stoves; helmets, goggles, footwear, E-bikes, and accessories for cycling, snow sports, action sports, and power sports; audio speakers for outdoor sports; and golf gps devices, laser rangefinders, golf launch monitors and simulators, and other golf technology products. The company sells its products to outdoor enthusiasts, backyard grillers, campers, and athletes, as well as law enforcement and military professionals through a wide variety of mass, specialty, and independent retailers and distributors, as well as consumers through brand’s website. Vista Outdoor Inc. was incorporated in 2014 and is headquartered in Anoka, Minnesota.
