Vista Outdoor Inc. (VSTO) Stake Cut by Bragg Financial Advisors Inc
Bragg Financial Advisors Inc cut its position in Vista Outdoor Inc. (NYSE:VSTO) by 77.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 25,457 shares of the company’s stock after selling 87,085 shares during the period. Bragg Financial Advisors Inc’s holdings in Vista Outdoor were worth $524,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Elkfork Partners LLC acquired a new stake in shares of Vista Outdoor during the fourth quarter worth $112,000. State of Alaska Department of Revenue purchased a new position in shares of Vista Outdoor during the first quarter valued at about $129,000. Envestnet Asset Management Inc. increased its position in shares of Vista Outdoor by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,708 shares of the company’s stock valued at $137,000 after buying an additional 141 shares in the last quarter. Segantii Capital Management Ltd purchased a new position in shares of Vista Outdoor during the first quarter valued at about $164,000. Finally, Neuburgh Advisers LLC increased its position in shares of Vista Outdoor by 405.6% in the first quarter. Neuburgh Advisers LLC now owns 8,736 shares of the company’s stock valued at $180,000 after buying an additional 7,008 shares in the last quarter. Institutional investors and hedge funds own 96.45% of the company’s stock.
Shares of Vista Outdoor Inc. (VSTO) traded down 0.22% on Thursday, reaching $22.34. 864,837 shares of the company were exchanged. The stock’s market capitalization is $1.27 billion. Vista Outdoor Inc. has a 52 week low of $18.32 and a 52 week high of $52.08. The firm’s 50 day moving average price is $21.84 and its 200 day moving average price is $25.06.
Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, May 11th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.15. The company had revenue of $578.80 million for the quarter, compared to analysts’ expectations of $565.19 million. Vista Outdoor had a positive return on equity of 7.62% and a negative net margin of 10.78%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. Equities research analysts anticipate that Vista Outdoor Inc. will post $1.22 EPS for the current year.
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Several research analysts have recently issued reports on the stock. DA Davidson upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $23.00 to $29.00 in a research note on Thursday, June 8th. Forward View reiterated a “hold” rating on shares of Vista Outdoor in a research note on Thursday, May 18th. Cowen and Company reiterated a “market perform” rating and issued a $26.00 target price (up previously from $18.00) on shares of Vista Outdoor in a research note on Wednesday, May 17th. Roth Capital set a $20.00 target price on shares of Vista Outdoor and gave the stock a “hold” rating in a research note on Saturday, May 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 target price on shares of Vista Outdoor in a research note on Friday, May 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.14.
About Vista Outdoor
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. Its 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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