CL King Initiates Coverage on Vista Outdoor Inc to Buy

CL King Initiates Coverage on Vista Outdoor Inc(NYSE:VSTO). The shares have been rated Buy. The rating by CL King was issued on Sep 19, 2016.

In a different note, On Aug 30, 2016, KeyBanc said it Upgrades its rating on Vista Outdoor Inc. The shares have been rated ‘Overweight’ by the firm. On Aug 12, 2016, Monness Crespi Hardt said it Downgrades its rating on Vista Outdoor Inc. The shares have been rated ‘Neutral’ by the firm.

Vista Outdoor Inc (VSTO) made into the market gainers list on Thursdays trading session with the shares advancing 1.65% or 0.64 points. Due to strong positive momentum, the stock ended at $39.45, which is also near the day’s high of $39.53. The stock began the session at $39.03 and the volume stood at 3,64,214 shares. The 52-week high of the shares is $53.91 and the 52 week low is $37.41. The company has a current market capitalization of $2,380 M and it has 6,03,34,620 shares in outstanding.

Vista Outdoor Inc(VSTO) last announced its earnings results on Aug 11, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $630.27M. Analysts had an estimated revenue of $674.60M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.69.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Gary L Mcarthur (director) purchased 3,156 shares at $47.49 per share price.Also, On Nov 18, 2015, Michael Callahan (director) purchased 1,300 shares at $42.56 per share price.On Sep 1, 2015, Mark A. Gottfredson (director) purchased 3,715 shares at $46.70 per share price, according to the Form-4 filing with the securities and exchange commission.

Vista Outdoor Inc. is a designer manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates in two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment’s products include pistol rifle rimfire and shotshell ammunition and primers centerfire rifles rimfire rifles shotguns and range systems. Its Outdoor Products segment’s product lines include optics accessories and eyewear. It serves the outdoor sports and recreation markets through a diverse portfolio of over 30 brands that provide consumers with a range of products including sporting ammunition and firearms outdoor accessories outdoor sports optics golf rangefinders and performance eyewear. It serves a range of end consumers including outdoor enthusiasts hunters and recreational shooters athletes as well as law enforcement and military professionals. Its products are sold through a variety of mass specialty and independent retailers.

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