#6 - Vista Outdoors (NYSE:VSTO)
Manufacturers of exercise bikes benefited from consumers sheltering in place in 2020. But sales of leisure bikes also rose by as much as 120% during the pandemic. As a result, new bikes are in short supply. The shortage in bikes and bicycle parts is likely to continue into 2022.
Vista Outdoors (NYSE:VSTO) is not a pure-play in this sector by any means. However, with VSTO stock investors are getting exposure to the broader category of outdoor activities that has propelled the company’s stock to grow by over 375% in the last 12 months.
Growth like that always raises the question of whether there’s anything left in the tank. At this time, VSTO stock is showing consolidation near its 52-week high at the same time the S&P 500 is also near record highs. This is a bullish setup pattern that is likely to push the stock higher in the short term.
About Vista Outdoor
Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.
Read More - Current Price
- $44.35
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $41.20 (7.1% Downside)
