Vista Outdoor Inc (NYSE:VSTO) CFO Miguel A. Lopez Buys 10,000 Shares

Vista Outdoor Inc (NYSE:VSTO) CFO Miguel A. Lopez purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was acquired at an average price of $4.81 per share, for a total transaction of $48,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Vista Outdoor stock traded up $0.01 on Thursday, reaching $5.07. The stock had a trading volume of 11,826 shares, compared to its average volume of 840,193. The company has a 50 day moving average price of $7.03 and a 200 day moving average price of $8.30. The company has a quick ratio of 1.82, a current ratio of 2.96 and a debt-to-equity ratio of 1.37. Vista Outdoor Inc has a 1 year low of $4.30 and a 1 year high of $18.79. The stock has a market capitalization of $272.60 million, a P/E ratio of 36.11 and a beta of 0.35.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, August 8th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.11). Vista Outdoor had a positive return on equity of 0.48% and a negative net margin of 30.80%. The company had revenue of $459.77 million for the quarter, compared to analysts’ expectations of $471.41 million. Vista Outdoor’s revenue was down 13.1% on a year-over-year basis. On average, analysts forecast that Vista Outdoor Inc will post 0.17 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. grew its holdings in shares of Vista Outdoor by 4.3% during the second quarter. Crossmark Global Holdings Inc. now owns 29,970 shares of the company’s stock worth $266,000 after buying an additional 1,224 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Vista Outdoor by 0.9% during the first quarter. Rhumbline Advisers now owns 143,207 shares of the company’s stock worth $1,147,000 after buying an additional 1,294 shares in the last quarter. Texas Permanent School Fund grew its holdings in shares of Vista Outdoor by 3.8% during the first quarter. Texas Permanent School Fund now owns 39,103 shares of the company’s stock worth $313,000 after buying an additional 1,425 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Vista Outdoor by 6.4% during the second quarter. JPMorgan Chase & Co. now owns 29,822 shares of the company’s stock worth $252,000 after buying an additional 1,806 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Vista Outdoor by 2.0% during the second quarter. Swiss National Bank now owns 107,100 shares of the company’s stock worth $951,000 after buying an additional 2,100 shares in the last quarter. 93.69% of the stock is owned by institutional investors.

Several research firms have weighed in on VSTO. Cowen set a $5.00 price target on shares of Vista Outdoor and gave the stock a “hold” rating in a research report on Monday, August 12th. ValuEngine raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Lake Street Capital began coverage on shares of Vista Outdoor in a research note on Tuesday, July 9th. They issued a “buy” rating and a $11.00 price objective for the company. B. Riley set a $13.00 target price on shares of Vista Outdoor and gave the company a “buy” rating in a research note on Monday, July 8th. Finally, Monness Crespi & Hardt raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Vista Outdoor currently has an average rating of “Hold” and a consensus target price of $11.60.

Vista Outdoor Company Profile

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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