SG Americas Securities LLC, an institutional investor, has reported a 65.0% increase in its stake in Vista Outdoor Inc. (VSTO:NYE) during the fourth quarter. The firm now owns 12,725 shares of Vista Outdoor stock, valued at $310,000 after purchasing an additional 5,014 shares.
Other hedge funds and institutional investors, including Cambridge Investment Research Advisors Inc., Cetera Advisor Networks LLC, Private Advisor Group LLC, Citigroup Inc., and MetLife Investment Management LLC, have also increased their holdings in Vista Outdoor. These institutional investors now own 85.56% of Vista Outdoor stock.
Vista Outdoor Stock-Analyst Ratings:
Several equities research analysts have issued reports on Vista Outdoor. B. Riley lowered its price target from $45.00 to $41.00 and gave VSTO stock a “buy” rating, while Lake Street Capital raised its price target from $35.00 to $38.00.
Vista Outdoor Stock Price Analysis:
Vista Outdoor stock opened at $28.30 on Tuesday, with a market capitalization of $1.60 billion. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.64, and a quick ratio of 0.99.
Its 50-day simple moving average stands at $26.61, while its 200-day simple moving average is $26.76.
According to Stock Target Advisor, the company has a consensus rating of “Strong Buy” and an average price target of $38.00.
Quarterly Earnings Review:
The company reported earnings of $1.08 per share in its latest quarterly earnings report, which exceeded analysts’ expectations of $0.90 by $0.18. The firm had revenue of $740.74 million for the quarter, compared to analysts’ expectations of $731.36 million. However, the firm’s quarterly revenue was down 8.4% year-over-year, and it has a negative net margin of 0.32%.
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 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 the brand’s website. Vista Outdoor Inc. was incorporated in 2014 and is headquartered in Anoka, Minnesota.
