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Vista Outdoor Inc. (VSTO) designs, manufactures, and markets various consumer products in the outdoor sports and recreation markets in the United States and internationally.
It has a portfolio of brands that provides consumers with a range of products for individual outdoor recreational pursuits. The company operates through two segments, Shooting Sports and Outdoor Products.
The Shooting Sports segment offers ammunition products, including centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components; hunting accessories comprising high-performance hunting arrows, game calls, hunting blinds, game cameras, decoys, and optics products; and shooting accessories, such as reloading equipment, clay targets, and premium gun care products, as well as holsters, duty gear, bags, and packs.
The Outdoor Products segment offers sports protection products that include helmets, goggles, and accessories for cycling, snow sports, action sports, and powersports; outdoor cooking products, such as grills and stoves; golf products, which comprise laser rangefinders and other golf technology products; and hydration products, including hydration packs and water bottles.
The company sells its products to outdoor enthusiasts, hunters, recreational shooters, athletes, law enforcement, and military professionals through various mass, specialty, and independent retailers and distributors, as well as directly to consumers through brand's website and third party e-tail websites.
Vista Outdoor reported 3rd Quarter December 2020 earnings of $1.03 per share on revenue of $574.7 million. The consensus earnings estimate was $0.65 per share on revenue of $522.2 million. Revenue grew 35.3% on a year-over-year basis.
The company said it expects fourth quarter earnings of $0.55 to $0.65 per share on revenue of $510.0 million to $530.0 million. The current consensus earnings estimate is $0.44 per share on revenue of $496.94 million for the quarter ending March 31, 2021.
Following a strong earnings report, this stock is currently undervalued and should be a strong value company for its investors as it breaks out of its "bullish cup and handle" formation.
Entry point: $36.00
52-week trade range: $4.29 - $37.00
Stop/Loss: $34.25
Target Price: $39.50
VSTO closed at $39.70
