State of Alaska Department of Revenue Cuts Holdings in Vista Outdoor by 1.6% in Q1

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Vista Outdoor ($NYSE:VSTO) Inc. is a leading design, manufacturing and marketing company that produces and distributes outdoor recreational products for the shooting sports, hunting and camping markets. The Alaska Department of Revenue recently decreased its stake in the company by 1.6% in the first quarter, according to a filing. This is the latest move in a series of portfolio changes made by the department in recent months. The decrease in holdings represents a significant shift in the department’s strategy for investing in the company. Despite this, the department has chosen to reduce its holdings in the company rather than increase them. The reduction in holdings comes as no surprise given the current market climate, as many investors have become more cautious about investing in stocks due to market volatility. The Alaska Department of Revenue may be taking a more conservative approach to investing in the company, which could be beneficial in the long run. Ultimately, this news has not had a major effect on Vista Outdoor Inc.’s stock price, as it remains near its all-time high.

However, it is important to keep an eye on any changes made by the Alaska Department of Revenue as they could influence the company’s future performance.

Earnings

According to the recent earnings report, VISTA OUTDOOR reported a total revenue of 596.52M USD, and a net income of 67.01M USD, representing a 26.2% decrease in total revenue and a 40.6% decrease in net income compared to the previous year. Despite the significant drop in earnings for the quarter, VISTA OUTDOOR’s total revenue has increased from 596.52M USD to 740.74M USD in the last three years.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Vista Outdoor. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Vista Outdoor. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Vista Outdoor. More…

Key Ratios Snapshot

Some of the financial key ratios for Vista Outdoor are shown below. More…

Analysis

At GoodWhale, we performed an analysis of VISTA OUTDOOR‘s wellbeing. The results showed that VISTA OUTDOOR is a high risk investment in terms of financial and business aspects. Our Risk Rating showed that investors should be cautious when investing in VISTA OUTDOOR, which is indicative of their uncertain future. Furthermore, our analysis revealed two risk warnings in income sheet and balance sheet. These warnings provide further evidence as to why investors should consider VISTA OUTDOOR a high risk investment. If you want to find out more details about our analysis, be sure to register with us. We look forward to helping you learn more about what makes VISTA OUTDOOR a high risk investment. More…

Peers

In the outdoor recreation equipment market, Vista Outdoor Inc competes with Callaway Golf Co, WW Holding Inc, and United Labels AG. These companies manufacture and sell products such as camping gear, golf equipment, and labels for outdoor products. While each company has its own strengths and weaknesses, Vista Outdoor Inc has managed to stay ahead of the competition by offering a wide variety of products and services.

– Callaway Golf Co ($NYSE:ELY)

WWE is a publicly traded professional wrestling entertainment company. Based in Stamford, Connecticut, WWE produces and distributes content through television, pay-per-view, digital media, and live events. WWE has a market cap of 4.6B as of 2022 and a Return on Equity of 13.26%.

– WW Holding Inc ($TWSE:8442)

United Labels AG is a German company that produces labels for clothing. The company has a market cap of 14.7M as of 2022 and a Return on Equity of 29.75%. United Labels AG is a publicly traded company.

Summary

Vista Outdoor Inc. is a publicly traded company in the consumer goods industry. This news highlights the need for investors to closely monitor and analyze the performance of Vista Outdoor Inc., as it has potential to affect the stock price in the coming months. Analysts should look closely at the company’s fundamentals, such as sales, earnings, and cash flow, as well as its competitive environment and macroeconomic trends. Additionally, investors should pay close attention to any news or developments concerning Vista Outdoor Inc. that could potentially affect its stock price in the future.