On September 5, 2023, Vista Outdoor Inc. took a significant step towards its plan to separate its Outdoor Products and Sporting Products segments into two independent entities. The company has officially filed its Form 10 registration statement with the Securities and Exchange Commission (SEC), marking its commitment to this strategic move.
The execution of this plan is expected to take place in the fourth quarter of the calendar year 2023, indicating that Vista Outdoor Inc. is right on track with its timeline. The creation of the Outdoor Products company will bring together a remarkable collection of category-defining brands that specialize in the design and manufacturing of performance gear and precision technologies.
This portfolio of brands includes renowned names such as CamelBak, Camp Chef, Bushnell, Bushnell Golf, Foresight Sports, Fox Racing, Bell, Giro, and Simms Fishing. Under the leadership of a consumer-first culture, driven by consumer insights and analytics, and supported by deep channel relationships, operational expertise, and shared financial resources, the Outdoor Products company is poised to become a leading provider of performance gear and precision technologies worldwide.
With a diverse and rapidly expanding range of categories, the Outdoor Products company is set to cater to the needs of consumers in the estimated $15 billion domestic market, which forms its core. Additionally, its total global addressable market is projected to exceed $100 billion, highlighting the immense growth potential that lies ahead.
To spearhead this new venture, Eric Nyman assumed the role of CEO for the Outdoor Products segment on August 21. Alongside a dedicated management team, Nyman will work towards establishing the Outdoor Products company as a force to be reckoned with in the industry.
While there is no specific update available regarding the post-spin plans for the Outdoor Products company, it is evident that Vista Outdoor Inc. is taking decisive steps towards positioning itself for success in the evolving outdoor products market.
Vista Outdoor Inc.
Updated on: 01/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Buy
Price to book ratio: Buy
DCF: Strong Buy
2:00 PM (UTC)
Date:01 December, 2023
|Analyst / firm||Rating|
Eric Wold Analyst
VSTO Stock Performance and Analysis: September 5, 2023
VSTO stock had a mixed performance on September 5, 2023. The stock opened at $29.03 and traded within a range of $27.68 to $29.03. The trading volume was relatively high, with 529,544 shares exchanged. Vista Outdoor Inc. has a market capitalization of $1.7 billion. The company’s earnings growth has been negative in recent years, but analysts expect it to improve in the future. The company experienced a modest increase in revenue last year. The price-to-sales ratio of the stock is 0.51 and the price-to-book ratio is 1.48. On September 5, 2023, the stock price declined by $1.97 or 3.51%. Other companies in the same industry also experienced declines in their stock prices. Vista Outdoor Inc. is scheduled to report its next earnings on November 2, 2023. The company operates in the recreational products industry and is headquartered in Anoka, Minnesota. Investors should monitor the company’s financial performance and industry trends.
Vista Outdoor Inc (VSTO) Stock Forecast: Analysts Predict Significant Increase in Value
Vista Outdoor Inc (VSTO) stock is expected to experience a significant increase in its value, according to analysts’ forecasts. The 12-month price forecasts from four analysts have a median target of $38.00, with a high estimate of $47.00 and a low estimate of $29.00. This median estimate represents a 36.54% increase from the last recorded price of $27.83.
The consensus among the four polled investment analysts is to buy stock in Vista Outdoor Inc. This rating has remained steady since August, indicating a consistent positive outlook on the company’s performance.
Vista Outdoor Inc is a company that operates in the outdoor sports and recreation industry, manufacturing and selling firearms, ammunition, and outdoor accessories.
Vista Outdoor Inc reported earnings per share of $1.18 for the current quarter, with sales reaching $742.0 million. The company is scheduled to release its next earnings report on November 2.
Investors considering buying stock in Vista Outdoor Inc should take into account the consensus among analysts and the potential for a significant increase in stock value. However, it is important to conduct further research and analysis to understand the factors driving this positive outlook and to assess the company’s long-term prospects.
As with any investment, it is crucial to carefully consider one’s own financial situation, risk tolerance, and investment goals before making any decisions. Consulting with a financial advisor or conducting thorough research can help investors make informed choices and mitigate potential risks.