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Vista Outdoor (VSTO)

Vista Outdoor is a leading global designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The company has a portfolio of well-recognized brands that provide consumers with a wide range of performance-driven, high-quality and innovative products for individual outdoor recreational pursuits. Vista Outdoor products are sold direct and at leading retailers and distributors worldwide.

Company profile

Ticker
VSTO
Exchange
CEO
Christopher Metz
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Advanced Arrow S. de R.L. de C.V. • Ammunition Operations Company • Bee Stinger, LLC • Bell Sports (Asia) Limited • Bell Sports Corp. • Bell Sports EU Limited • Bell Sports, Inc. • BG Sports EUROPE Sarl • Bushnell Corporation of Canada • Bushnell Group Holdings, Inc. ...

VSTO stock data

Analyst ratings and price targets

Last 3 months

Calendar

28 Jul 22
24 Sep 22
31 Mar 23
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 22 Mar 21 Mar 20 Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 36.61M 36.61M 36.61M 36.61M 36.61M 36.61M
Cash burn (monthly) (no burn) 14.34M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 42.42M n/a n/a n/a n/a
Cash remaining n/a -5.8M n/a n/a n/a n/a
Runway (months of cash) n/a -0.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
26 Jul 22 Gary L Mcarthur Common Stock Grant Acquire A No No 0 4,859 0 14,548
26 Jul 22 Gerard Gibbons Common Stock Grant Acquire A No No 0 3,818 0 8,677
26 Jul 22 Gerard Gibbons Common Stock Grant Acquire A No No 0 4,859 0 4,859
26 Jul 22 Michael Callahan Common Stock Grant Acquire A No No 0 4,859 0 55,362
26 Jul 22 Grooms Bruce Common Stock Grant Acquire A No No 0 3,818 0 8,677
26 Jul 22 Grooms Bruce Common Stock Grant Acquire A No No 0 4,859 0 4,859
26 Jul 22 Tig H Krekel Common Stock Grant Acquire A No No 0 4,859 0 14,548
64.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 304 303 +0.3%
Opened positions 48 37 +29.7%
Closed positions 47 62 -24.2%
Increased positions 106 101 +5.0%
Reduced positions 100 114 -12.3%
13F shares Current Prev Q Change
Total value 1.36B 1.83B -25.5%
Total shares 51.85M 48.1M +7.8%
Total puts 2.32M 2.17M +6.7%
Total calls 1.32M 705K +87.1%
Total put/call ratio 1.8 3.1 -43.0%
Largest owners Shares Value Change
BLK Blackrock 8.58M $239.29M -0.5%
Gates Capital Management 5.58M $155.57M +1.7%
Vanguard 4.7M $131.24M -3.1%
Dimensional Fund Advisors 3.16M $88.26M +6.6%
Frontier Capital Management 3M $0 0.0%
STT State Street 1.81M $50.46M +1.8%
Brown Advisory 1.54M $43.01M -3.3%
Arrowstreet Capital, Limited Partnership 1.05M $29.29M +121.5%
Cooper Creek Partners Management 996.68K $27.81M NEW
Geode Capital Management 972.54K $27.13M -0.8%
Largest transactions Shares Bought/sold Change
Cooper Creek Partners Management 996.68K +996.68K NEW
BAC Bank Of America 816.01K +583.36K +250.7%
Arrowstreet Capital, Limited Partnership 1.05M +575.72K +121.5%
RY Royal Bank Of Canada 534.51K +424.59K +386.3%
American Century Companies 604.79K +315.9K +109.4%
BCS Barclays 272.85K +222.75K +444.6%
Brant Point Investment Management 48.7K -219.4K -81.8%
Dimensional Fund Advisors 3.16M +196.82K +6.6%
Parametric Portfolio Associates 0 -176.09K EXIT
Renaissance Technologies 198.1K +159.6K +414.5%

Financial report summary

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Risks
  • Significant supplier capacity constraints, supplier production disruptions, supplier quality issues or price increases could increase our operating costs and adversely impact the competitive positions of our products.
  • Shortages of, and price increases for, labor, components, parts and other supplies, as well as commodities used in the manufacture and distribution of our products, may delay or reduce our sales and increase our costs, thereby harming our results of operations.
  • Seasonality and weather conditions may cause our results of operations to vary from quarter to quarter.
  • Our revenues and results of operations may fluctuate unexpectedly from quarter-to-quarter, which may cause our stock price to decline.
  • We are exposed to risks associated with acquisitions, which could adversely affect our future financial results.
  • Our results of operations could be materially harmed if we are unable to forecast demand for our products accurately.
  • A disruption in the service or a significant increase in the cost of our primary delivery and shipping services for our products and component parts or a significant disruption at shipping ports could have a negative impact on our business.
  • We face risks relating to our international business operations that could adversely affect our business, financial condition or results of operations.
  • Some of our products contain licensed, third-party technology that provides important product functionality and features. The loss or inability to obtain and maintain any such licenses could have a material adverse effect on our business.
  • Failure to attract and retain key personnel could have an adverse effect on our results of operations.
  • Catastrophic events may disrupt our business.
  • Our sales are highly dependent on purchases by several large retail customers, and we may be adversely affected by the loss of, or any significant decline in sales to, one or more of these customers.
  • Competition in our industry may hinder our ability to execute our business strategy, maintain profitability or maintain relationships with existing customers.
  • Our success depends upon our ability to introduce new compelling products into the marketplace and respond to customer preferences.
  • Our business is highly dependent upon our brand recognition and reputation, and the failure to maintain or enhance our brand recognition or reputation would likely have an adverse effect on our business.
  • Use of social media to disseminate negative commentary and boycotts may adversely impact our business.
  • We manufacture and sell products that create exposure to potential product liability, warranty liability or personal injury claims and litigation.
  • We may incur substantial litigation costs to protect our intellectual property, and if we are unable to protect our intellectual property, we may lose our competitive advantage. We may be subject to intellectual property infringement claims, which could cause us to incur litigation costs and divert management attention from our business.
  • We are subject to extensive regulation and could incur fines, penalties and other costs and liabilities under such requirements.
  • Changes in government policies and firearms and ammunition legislation could adversely affect our financial results.
  • Failure to comply with the U.S. Foreign Corrupt Practices Act or other applicable anti-corruption legislation, as well as export controls and trade sanctions, could result in fines or criminal penalties.
  • Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
  • Changes in U.S. and global trade policies, including new and potential tariffs on goods we import or on products we export to other countries, could increase our cost of goods or limit our access to export markets.
  • Our results of operations could be impacted by unanticipated changes in tax provisions or exposure to additional income tax liabilities.
  • We may need to raise additional capital, and we cannot be sure that additional financing will be available.
  • Fluctuations in foreign currency exchange rates may adversely affect our financial results.
  • General economic conditions affect our results of operations.
  • Our debt covenants may limit our ability to complete acquisitions, incur debt, make investments, sell assets, merge or complete other significant transactions.
  • Provisions of our Amended and Restated Certificate of Incorporation, our Amended and Restated Bylaws, and Delaware law may prevent or delay an acquisition of our company, which could decrease the trading price of our common stock.
  • The completion of the Planned Separation may not achieve some or all of the intended benefits and may adversely affect our business.
  • The Planned Separation may have an adverse effect on the price of our common stock.
  • The Planned Separation and related transactions may expose us to potential liabilities arising out of state and federal fraudulent conveyance laws and legal distribution requirements.
  • The Planned Separation could result in significant tax liability to the Company and its stockholders, and tax rules could limit our ability to enter into certain transactions for a period of time following the Planned Separation.
  • We may incur additional indebtedness in connection with the Planned Separation, which could adversely impact our liquidity and strategic flexibility.
Management Discussion
  • (1) We modified the structure of our reportable segments during the third quarter of fiscal 2022. Accordingly, prior period amounts have been reclassified to conform with the current period presentation. See Note 17, Operating Segment Information, to the unaudited condensed consolidated financial statements in Part I, Item 1 of this Quarterly Report on Form 10-Q.
  • Sporting Products— The increase in sales was driven by increased volume due to timing of shipments to fill large commercial orders and improved pricing.
  • Outdoor Products— The decrease in sales was caused by reduced purchasing from big box retailers and prior year channel inventory fill in our Outdoor Accessories, Outdoor Cooking, and Action Sports businesses. Partially offsetting these declines were sales from businesses acquired in the prior fiscal year and strong demand in the independent dealer channels.

Content analysis

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Positive
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