Vista Outdoor Inc. (VSTO) Stake Held by HL Financial Services LLC
HL Financial Services LLC continued to hold its position in Vista Outdoor Inc. (NYSE:VSTO) during the second quarter, Holdings Channel reports. The fund owned 5,430 shares of the company’s stock at the end of the second quarter. HL Financial Services LLC’s holdings in Vista Outdoor were worth $259,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Invictus RG purchased a new stake in shares of Vista Outdoor during the first quarter worth approximately $120,000. IFP Advisors Inc raised its stake in shares of Vista Outdoor by 3.2% in the first quarter. IFP Advisors Inc now owns 2,567 shares of the company’s stock worth $133,000 after buying an additional 80 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Vista Outdoor by 64.9% in the second quarter. LS Investment Advisors LLC now owns 3,741 shares of the company’s stock worth $179,000 after buying an additional 1,472 shares during the last quarter. NEXT Financial Group Inc raised its stake in shares of Vista Outdoor by 2.1% in the second quarter. NEXT Financial Group Inc now owns 4,950 shares of the company’s stock worth $236,000 after buying an additional 100 shares during the last quarter. Finally, Springbok Capital Management LLC purchased a new stake in shares of Vista Outdoor during the first quarter worth approximately $249,000. Hedge funds and other institutional investors own 93.55% of the company’s stock.
Vista Outdoor Inc. (NYSE:VSTO) traded up 1.06% during trading on Friday, hitting $39.86. The company had a trading volume of 580,826 shares. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 17.30 and a beta of 0.30. The company’s 50 day moving average price is $39.47 and its 200-day moving average price is $46.71. Vista Outdoor Inc. has a 1-year low of $37.41 and a 1-year high of $53.91.
Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, August 11th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by $0.21. The business earned $630.30 million during the quarter, compared to the consensus estimate of $669.04 million. Vista Outdoor had a return on equity of 9.13% and a net margin of 5.96%. Vista Outdoor’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, analysts expect that Vista Outdoor Inc. will post $2.65 EPS for the current year.
A number of brokerages have recently commented on VSTO. Zacks Investment Research raised Vista Outdoor from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, August 9th. CL King began coverage on Vista Outdoor in a research note on Monday, September 19th. They set a “buy” rating and a $45.00 price target on the stock. Roth Capital set a $57.00 price target on Vista Outdoor and gave the company a “buy” rating in a research note on Monday, August 1st. Jefferies Group reissued a “buy” rating on shares of Vista Outdoor in a research note on Monday, July 11th. Finally, KeyCorp raised Vista Outdoor from a “sector weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research note on Tuesday, August 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.38.
Vista Outdoor Company Profile
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. The Company’s Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.
Want to see what other hedge funds are holding VSTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vista Outdoor Inc. (NYSE:VSTO).
Receive News & Ratings for Vista Outdoor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vista Outdoor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.