In a report released today, Eric Wold from B.Riley Financial reiterated a Buy rating on Vista Outdoor (VSTO – Research Report), with a price target of $47.00. The company’s shares closed yesterday at $27.82.
Wold covers the Consumer Cyclical sector, focusing on stocks such as Topgolf Callaway Brands, IMAX, and AMC Entertainment. According to TipRanks, Wold has an average return of 3.2% and a 42.48% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vista Outdoor with a $42.50 average price target.
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Based on Vista Outdoor’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $693.33 million and a net profit of $58.1 million. In comparison, last year the company earned a revenue of $802.61 million and had a net profit of $126.02 million
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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.
Read More on VSTO:
- Biden Admin looks to close loophole in background checks for gun sales, NYT says
- Vista Outdoor to rebrand as The Kinetic Group
- Vista Outdoor backs FY24 adjusted EPS view $4.50-$5.00, consensus $4.63
- Vista Outdoor reports Q1 adjusted EPS $1.12, consensus $1.03
- VSTO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
