Vista Outdoor Target of Unusually High Options Trading (VSTO)

Vista Outdoor Inc (NYSE:VSTO) was the recipient of some unusual options trading activity on Monday. Traders acquired 2,020 call options on the stock. This represents an increase of 844% compared to the average daily volume of 214 call options.

In other news, Director Mark A. Gottfredson purchased 5,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average cost of $14.60 per share, for a total transaction of $73,000.00. Following the completion of the acquisition, the director now directly owns 21,716 shares in the company, valued at approximately $317,053.60. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Christopher T. Metz purchased 6,500 shares of the stock in a transaction dated Tuesday, December 5th. The shares were purchased at an average price of $14.86 per share, with a total value of $96,590.00. Following the completion of the acquisition, the chief executive officer now owns 87,256 shares of the company’s stock, valued at $1,296,624.16. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,000 shares of company stock valued at $191,175 over the last 90 days. 1.50% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. grew its holdings in Vista Outdoor by 1.9% in the second quarter. Suntrust Banks Inc. now owns 13,200 shares of the company’s stock valued at $296,000 after purchasing an additional 243 shares during the period. First Mercantile Trust Co. grew its holdings in Vista Outdoor by 42.8% in the fourth quarter. First Mercantile Trust Co. now owns 11,412 shares of the company’s stock valued at $166,000 after purchasing an additional 3,421 shares during the period. Rhumbline Advisers grew its holdings in Vista Outdoor by 3.2% in the third quarter. Rhumbline Advisers now owns 110,981 shares of the company’s stock valued at $2,546,000 after purchasing an additional 3,456 shares during the period. Comerica Bank grew its holdings in Vista Outdoor by 2.5% in the third quarter. Comerica Bank now owns 160,213 shares of the company’s stock valued at $3,448,000 after purchasing an additional 3,880 shares during the period. Finally, Symons Capital Management Inc. grew its holdings in Vista Outdoor by 13.1% in the fourth quarter. Symons Capital Management Inc. now owns 35,042 shares of the company’s stock valued at $511,000 after purchasing an additional 4,056 shares during the period.

Vista Outdoor (NYSE VSTO) traded up $0.54 during trading on Wednesday, reaching $19.62. 1,016,258 shares of the company were exchanged, compared to its average volume of 934,676. Vista Outdoor has a 52-week low of $12.35 and a 52-week high of $25.07. The stock has a market capitalization of $1,043.00, a P/E ratio of -25.76, a price-to-earnings-growth ratio of 3.17 and a beta of -0.22. The company has a current ratio of 3.13, a quick ratio of 1.97 and a debt-to-equity ratio of 0.74.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, February 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. Vista Outdoor had a negative net margin of 1.88% and a positive return on equity of 3.45%. The firm had revenue of $581.00 million during the quarter, compared to the consensus estimate of $566.98 million. During the same period in the previous year, the firm earned $0.62 earnings per share. Vista Outdoor’s revenue was down 11.1% compared to the same quarter last year. analysts anticipate that Vista Outdoor will post 0.57 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Vista Outdoor to $17.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Roth Capital set a $17.00 price target on shares of Vista Outdoor and gave the stock a “hold” rating in a report on Friday, February 9th. BidaskClub upgraded shares of Vista Outdoor from a “sell” rating to a “hold” rating in a report on Friday, October 20th. KeyCorp reiterated a “hold” rating on shares of Vista Outdoor in a report on Friday, November 10th. Finally, Forward View downgraded shares of Vista Outdoor from a “hold” rating to a “sell” rating and set a $12.00 price target for the company. in a report on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $20.78.

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About Vista Outdoor

Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.

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