Lake Street Maintains Hold on Vista Outdoor, Raises Price Target to $40
$VSTO
Ordnance And Accessories
Industrials
Lake Street analyst Mark Smith maintains Vista Outdoor (NYSE:VSTO) with a Hold and raises the price target from $37 to $40.
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | Buy → Neutral | Monness Crespi & Hardt | |
| 9/19/2024 | $42.00 | Buy → Neutral | ROTH MKM |
| 8/7/2024 | $43.00 | Buy → Neutral | B. Riley Securities |
| 5/10/2024 | $33.00 → $37.00 | Buy → Hold | Lake Street |
| 5/10/2024 | $37.00 → $41.00 | Buy | Monness Crespi & Hardt |
| 4/4/2024 | $38.00 | Neutral → Buy | ROTH MKM |
| 2/2/2024 | $34.00 → $37.00 | Buy | Monness Crespi & Hardt |
| 12/15/2023 | $32.00 | Buy | B. Riley Securities |
MNC Capital Partners, L.P. ("MNC") announced today that it is committed to its fully financed $42 per share all cash offer for Vista Outdoor Inc (NYSE:VSTO), and that it will not reduce the $42 per share price. MNC also said that it is willing to make a tender offer directly to Vista's shareholders at $42 a share, if Vista approves of MNC making the offer and allows shareholders to decide whether to accept it. MNC's Mark Gottfredson said, "We want Vista shareholders to know that we are committed to our offer and will not reduce the $42 price. To demonstrate that commitment we are willing to make a tender offer, and hope that Vista would agree to our making the offer so shareholders can dec
Reaffirms Outlook for Fiscal Year 2025 The Company reaffirms its guidance for Fiscal Year 2025 for Vista Outdoor, as well as The Kinetic Group and Revelyst. The Company expects the following results for Fiscal Year 2025, among other guidance previously disclosed: Sales in the range of $2.665 billion to $2.775 billion The Kinetic Group Sales expected to be approximately $1.425 billion to $1.475 billion Revelyst Sales expected to be approximately $1.240 billion to $1.300 billion Adjusted EBITDA in the range of $410 million to $490 million1 The Kinetic Group adjusted EBITDA expected to be approximately $350 million to $400 million Revelyst adjusted EBITDA expected to be app
4 - Vista Outdoor Inc. (0001616318) (Issuer)
4 - Vista Outdoor Inc. (0001616318) (Issuer)
4 - Vista Outdoor Inc. (0001616318) (Issuer)
Revelyst is thrilled to appoint longtime supply chain and business operations leader Joe Beck to the position of Chief Supply Chain Officer. Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSE:VSTO), today announced the appointment of Joe Beck as Chief Supply Chain Officer, effective April 22. In the third quarter, Revelyst launched GEAR Up, the company's plan to simplify its business model, deliver increased efficiency and profitability, and reinvest in its highest potential brands to accelerate growth and transformation. The appointment of a seasoned, transformational supply
Revelyst appoints distinguished human resources professional Joyce Butler to the position of CHRO as it prepares to become a standalone public company. Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies, today announced the appointment of Joyce Butler as Chief Human Relations Officer. Revelyst, the Outdoor Products division of Vista Outdoor Inc. (NYSE:VSTO), is in the process of separating into a standalone public company, with an expected execution date of later this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240122821825/en/VSTO) and a collecti
The company has announced that Jung Choi will serve as General Counsel and Corporate Secretary of Revelyst following the planned separation of its Outdoor Products segment Vista Outdoor Inc. (NYSE:VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today announced that Jung Choi will serve as General Counsel and Corporate Secretary for Revelyst following Vista Outdoor's planned separation of its Outdoor Products segment into a standalone public company. Her appointment is effective Oct. 23. Until the completion of the separation, Choi will serve as Co-General Counsel of Vista Outdoor, wi
Board of Directors Urges Stockholders to Vote "FOR" the CSG Transaction at Special Meeting of Stockholders on November 25, 2024 Vista Outdoor Inc. ("Vista Outdoor" or the "Company") (NYSE:VSTO) announced that both leading independent proxy advisory firms Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") have updated their reports to recommend Vista Outdoor stockholders vote "FOR" the transaction with Czechoslovak Group a.s. ("CSG") to acquire The Kinetic Group for $2.225 billion (the "CSG Transaction"). The CSG Transaction will deliver to Vista Outdoor stockholders $25.75 in cash and one share of Revelyst common stock for each share of Vista Outdoor common
Golf Meets Patriotism: Foresight Sports and Volition America's New Custom QuadMAX Launch Monitor to Raise Funds Supporting Military Families Foresight Sports, a Revelyst brand and the leader in premium optical launch monitor and golf simulation technology, is proud to announce its partnership with Volition America, a movement dedicated to celebrating American patriotism through innovative apparel and accessories. Together, Foresight Sports and Volition America have created a custom edition of the QuadMAX launch monitor, paying tribute to U.S. military veterans and embodying the spirit of giving back. This collaboration is a testament to both companies' shared values of excellence, patrioti
Vista Outdoor Board of Directors Committed to Maximizing Value to Stockholders Through Sales of The Kinetic Group and Revelyst For an Expected Total Cash Consideration to Stockholders of Approximately $45.001 per Share; Leading Independent Proxy Advisory Firm Institutional Shareholder Services ("ISS") Recommends Vista Outdoor Stockholders Vote "FOR" the Sale of The Kinetic Group to CSG Vista Outdoor FY2025 Q2 Financial Results In-Line With Expectations: Sales of $666 Million; Operating Income of $66 Million with 9.9 Percent Margin; Adj. EBITDA of $111 Million Translating to 16.7 Percent Margin Revelyst FY2025 Q2 Financial Results Exceeded Expectations: Sales of $315 Million; Operatin
SC 13G/A - Vista Outdoor Inc. (0001616318) (Subject)
SC 13D/A - Vista Outdoor Inc. (0001616318) (Subject)
SC 13D/A - Vista Outdoor Inc. (0001616318) (Subject)
Monness Crespi & Hardt downgraded Vista Outdoor from Buy to Neutral
ROTH MKM downgraded Vista Outdoor from Buy to Neutral and set a new price target of $42.00
B. Riley Securities downgraded Vista Outdoor from Buy to Neutral and set a new price target of $43.00
DEFA14A - Vista Outdoor Inc. (0001616318) (Filer)
10-Q - Vista Outdoor Inc. (0001616318) (Filer)
8-K - Vista Outdoor Inc. (0001616318) (Filer)
4 - Vista Outdoor Inc. (0001616318) (Issuer)
Vista Outdoor Board of Directors Committed to Maximizing Value to Stockholders Through Sales of The Kinetic Group and Revelyst For an Expected Total Cash Consideration to Stockholders of Approximately $45.001 per Share; Leading Independent Proxy Advisory Firm Institutional Shareholder Services ("ISS") Recommends Vista Outdoor Stockholders Vote "FOR" the Sale of The Kinetic Group to CSG Vista Outdoor FY2025 Q2 Financial Results In-Line With Expectations: Sales of $666 Million; Operating Income of $66 Million with 9.9 Percent Margin; Adj. EBITDA of $111 Million Translating to 16.7 Percent Margin Revelyst FY2025 Q2 Financial Results Exceeded Expectations: Sales of $315 Million; Operatin
Vista Outdoor Inc. ("Vista Outdoor") (NYSE:VSTO) today announced plans to report its second-quarter Fiscal 2025 financial results on Wednesday, Nov. 6, after the market closes. In light of the company's pending merger agreement with Czechoslovak Group a.s. to acquire The Kinetic Group, as well as its pending merger agreement with Strategic Value Partners to acquire Revelyst, as announced on Oct. 4, the company will not hold a conference call to discuss its second-quarter results. About Vista Outdoor Inc. Vista Outdoor (NYSE:VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. Brands include Bushnell, Camel
Vista Outdoor Board of Directors Committed to Maximizing Value to Stockholders; Ongoing Review of Strategic Alternatives Continuing to Progress; Special Meeting of Stockholders Scheduled to Be Held September 13, 2024 Vista Outdoor Reaffirms Fiscal Year 2025 Outlook: Expects FY2025 Sales of $2.665 Billion to $2.775 Billion, Expects Adjusted EBITDA in the Range of $410 Million to $490 Million Vista Outdoor Strong Q1 FY2025 Cash Provided by Operating Activities of $54 Million and Adjusted Free Cash Flow of $70 Million; Total Debt Decreased $85 Million Sequentially to $635 Million; Net Debt of $579 Million and a Net Debt Leverage Ratio of 1.3x Revelyst Strategically Positioned to Unlo