The price of Vista Outdoor Inc. (NYSE:VSTO) shares last traded on Wall Street rose 1.16% to $27.99.
VSTO stock price is now 3.00% away from the 50-day moving average and 4.33% away from the 200-day moving average. The market capitalization of the company currently stands at $1.61B.
With the price target of $26, Jefferies recently initiated with Hold rating for Vista Outdoor Inc. (NYSE: VSTO).
In other news, Robinson Michael D, Director sold 4,159 shares of the company’s stock on Jun 07. The stock was sold for $115,454 at an average price of $27.76. Upon completion of the transaction, the Director now directly owns 21,430 shares in the company, valued at $0.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Chief Human Resources Officer Crandell Bradford E sold 3,954 shares of the business’s stock. A total of $104,227 was realized by selling the stock at an average price of $26.36. This leaves the insider owning 56,690 shares of the company worth $1.59 million. Insiders disposed of 50,702 shares of company stock worth roughly $1.42 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 WASATCH ADVISORS LP during the first quarter worth $32,302,000. DENALI ADVISORS LLC invested $1,097,000 in shares of VSTO during the first quarter. In the first quarter, STATE OF WISCONSIN INVESTMENT BOARD acquired a new stake in Vista Outdoor Inc. valued at approximately $815,000. BOULDER HILL CAPITAL MANAGEMENT LP acquired a new stake in VSTO for approximately $767,000. GYL FINANCIAL SYNERGIES, LLC purchased a new stake in VSTO valued at around $365,000 in the second quarter. In total, there are 361 active investors with 88.00% ownership of the company’s stock.
A candlestick chart of Vista Outdoor Inc. (NYSE: VSTO) showed a price of $27.56 on Monday morning. During the past 12 months, Vista Outdoor Inc. has had a low of $22.97 and a high of $32.60. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 2.60, and a quick ratio of 1.10. The fifty day moving average price for VSTO is $27.18 and a two-hundred day moving average price translates $26.83 for the stock.
The latest earnings results from Vista Outdoor Inc. (NYSE: VSTO) was released for Mar, 2023. According to the Leisure Company, earnings per share came in at $1.08, beating analysts’ expectations of $0.9 by 0.18. This compares to $1.93 EPS in the same period last year. The net profit margin was -0.30% and return on equity was -0.80% for VSTO. The company reported revenue of $740.74 million for the quarter, compared to $808.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.39 percent. For the current quarter, analysts expect VSTO to generate $714.76M in revenue.
Vista Outdoor Inc.(VSTO) Company Profile
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. This segment products also include ammunition products, such as pistol, rifle, rimfire, and shotshell ammunition, as well as components. The Outdoor Products segment offers gear and equipment to a range of outdoor enthusiasts, including hikers, campers, cyclists, off-road riders, skiers, snowboarders, backyard grillers, golfers, anglers, and hunters. This segments products portfolio includes archery and shooting accessories comprising hunting arrows, game calls, hunting blinds, and decoys; reloading components; optics, such as binoculars, riflescopes, game cameras, and telescopes; tactical accessories comprising holsters, duty gear, bags, and packs; hydration packs, water bottles, drinkware, and coolers; outdoor cooking equipment, including grills, cookware, pellets, and camp stoves; helmets, goggles, accessories for cycling, snow sports, motocross, power sports, and e-bikes; fishing waders, sportswear, outerwear, footwear, and fishing tools and accessories; golf launch monitors, laser rangefinders, GPS devices, and other golf technology products; and hunting gears for backcountry use. The company sells its products through big-box, and specialty and independent retailers and distributors, as well as through brand’s website and owned stores. Vista Outdoor Inc. was incorporated in 2014 and is headquartered in Anoka, Minnesota.
