Vista Outdoor Inc. (VSTO) Position Boosted by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. increased its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 48,649 shares of the company’s stock after buying an additional 1,090 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.08% of Vista Outdoor worth $2,322,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in VSTO. Geode Capital Management LLC raised its position in Vista Outdoor by 2.3% in the first quarter. Geode Capital Management LLC now owns 384,764 shares of the company’s stock worth $19,973,000 after buying an additional 8,620 shares during the period. Capstone Asset Management Co. raised its position in Vista Outdoor by 20.2% in the second quarter. Capstone Asset Management Co. now owns 8,086 shares of the company’s stock worth $386,000 after buying an additional 1,360 shares during the period. Emerald Acquisition Ltd. bought a new position in Vista Outdoor during the second quarter worth $6,529,000. State Street Corp raised its position in Vista Outdoor by 0.4% in the first quarter. State Street Corp now owns 1,521,918 shares of the company’s stock worth $79,002,000 after buying an additional 6,063 shares during the period. Finally, Bayesian Capital Management LP bought a new position in Vista Outdoor during the first quarter worth $420,000. Institutional investors and hedge funds own 93.55% of the company’s stock.
Shares of Vista Outdoor Inc. (NYSE:VSTO) traded down 1.40% on Friday, reaching $37.32. The company’s stock had a trading volume of 858,928 shares. Vista Outdoor Inc. has a 1-year low of $37.15 and a 1-year high of $53.91. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 16.20 and a beta of 0.30. The company’s 50 day moving average is $39.20 and its 200-day moving average is $46.24.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Thursday, August 11th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.69 by $0.21. The firm had revenue of $630.30 million for the quarter, compared to analyst estimates of $669.04 million. Vista Outdoor had a return on equity of 9.13% and a net margin of 5.96%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. Equities research analysts expect that Vista Outdoor Inc. will post $2.65 EPS for the current year.
A number of equities research analysts have recently weighed in on VSTO shares. KeyCorp raised Vista Outdoor from a “sector weight” rating to an “overweight” rating and set a $48.00 price target for the company in a research note on Tuesday, August 30th. Roth Capital assumed coverage on Vista Outdoor in a research note on Wednesday, June 15th. They set a “buy” rating and a $55.00 price target for the company. Zacks Investment Research downgraded Vista Outdoor from a “buy” rating to a “hold” rating in a research note on Tuesday, August 16th. Morgan Stanley reissued a “hold” rating and issued a $45.00 price objective on shares of Vista Outdoor in a research note on Wednesday, August 17th. Finally, Jefferies Group reissued a “buy” rating on shares of Vista Outdoor in a research note on Monday, July 11th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price 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.
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