In a report issued on June 1, Eric Wold from B.Riley Financial maintained a Buy rating on Vista Outdoor (VSTO – Research Report), with a price target of $78.00. The company’s shares closed last Friday at $35.12, close to its 52-week low of $31.83.
According to TipRanks.com, Wold is a 4-star analyst with an average return of 7.1% and a 41.3% success rate. Wold covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, Redbox Entertainment, and National Cinemedia.
Vista Outdoor has an analyst consensus of Strong Buy, with a price target consensus of $64.75.
Based on Vista Outdoor’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $809 million and net profit of $113 million. In comparison, last year the company earned revenue of $597 million and had a net profit of $67.01 million.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VSTO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Vista Outdoor, Inc. engages in the design, manufacture, and marketing of consumer products in the outdoor sports and recreation markets. It operates through the following segments: Shooting Sports and Outdoor Products. The Shooting Sports product lines include centerfire ammunition, rimfire ammunition, shotshell ammunition, reloading components and firearms. The Outdoor Products product lines include action sports, archery and hunting accessories, camping, global eyewear and sport protection products. The company was founded in 2014 and is headquartered in Anoka, MN.
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