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VSTO

Vista Outdoor

$8.29

-0.165 (-1.95%)

09:13
12/02/19
12/02
09:13
12/02/19
09:13

Lake Street outdoor retailer checks show promotions, ammunition oversupply

Lake Street analyst Mark Smith says his channel checks at various outdoor retailers indicated heavy promotional activity leading into Black Friday and that an oversupply of ammunition is resulting in discounted prices. However, Vista Outdoor incurred most of this in Q2 and the tough pricing environment the company is facing during the quarter is largely behind it, Smith tells investors in a research note. He sees potential for upside in the second half of the year and keeps a Buy rating on the shares with a $10 price target.

VSTO Vista Outdoor
$8.29

-0.165 (-1.95%)

07/09/19
07/09/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Chewy (CHWY) was initiated with an Outperform at William Blair and Wells Fargo, an Overweight at JPMorgan, a Buy at BofA/Merrill and UBS, an Equal Weight at Morgan Stanley and Barclays, a Market Perform at Raymond James, a Sector Perform at RBC Capital, a Hold at Jefferies, and a Neutral at Nomura Instinet. 2. Intellia Therapeutics (NTLA) initiated with an Outperform at Baird. 3. Slack Technologies (WORK) initiated with a Perform at Oppenheimer. 4. AAR Corp. (AIR) initiated with a Buy at Stifel. 5. Vista Outdoor (VSTO) initiated with a Buy at Lake Street. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/21/19
LSCM
08/21/19
NO CHANGE
Target $9
LSCM
Buy
Vista Outdoor would be attractive candidate for takeover, says Lake Street
Lake Street analyst Mark Smith said the selloff in Vista Outdoor shares since the announcement of the sale of the Savage firearms business in early July has been overdone. He said a large part of the Q1 earnings miss and lower guidance was due to the divested firearms business, but this should not have come as a surprise since management had previously given a warning regarding the divestiture and its impact. His analysis of 33 M&A transactions over the last eight years for businesses similar to Vista leads him to conclude that the company would be an attractive takeover candidate, noted Smith, who keeps a Buy rating and $9 price target on the stock.
09/06/19
KEYB
09/06/19
NO CHANGE
KEYB
Retail firearm background checks rose more than expected in August, says Keybanc
NICS background checks conducted by the FBI, which is a proxy for retail firearm demand, rose an adjusted 15.2% in August, according to Keybanc analyst Brett Andress. This was above his expectation for mid-single digit growth. State-level data also supports broad-based strength, with all but two states tracking positively, said the analyst, who added that comparisons ease further into September and October. Publicly traded companies in the gun space include American Outdoor Brands (AOBC), Sturm, Ruger (RGR), and Vista Outdoor (VSTO).
10/11/19
DADA
10/11/19
INITIATION
Target $6.5
DADA
Neutral
Vista Outdoor initiated with a Neutral rating at DA Davidson
DA Davidson analyst Michael Kawamoto initiated coverage of Vista Outdoor with a Neutral rating and $6.50 price target. The analyst believes an inflection point is near, on both revenue growth and margins, but prefers to wait for better visibility to the size and timing of this acceleration before getting more constructive on the shares.

TODAY'S FREE FLY STORIES

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M

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EXPE

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