Vista Outdoor Inc. (NYSE:VSTO) Stake Maintained by Investment Counselors of Maryland LLC
Investment Counselors of Maryland LLC maintained its position in Vista Outdoor Inc. (NYSE:VSTO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 674,880 shares of the company’s stock at the end of the second quarter. Investment Counselors of Maryland LLC’s holdings in Vista Outdoor were worth $15,192,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new position in Vista Outdoor during the first quarter worth approximately $129,000. Segantii Capital Management Ltd purchased a new position in Vista Outdoor during the first quarter worth approximately $164,000. Neuburgh Advisers LLC increased its position in Vista Outdoor by 405.6% in the first quarter. Neuburgh Advisers LLC now owns 8,736 shares of the company’s stock worth $180,000 after buying an additional 7,008 shares during the period. First Mercantile Trust Co. purchased a new position in Vista Outdoor during the first quarter worth approximately $185,000. Finally, US Bancorp DE increased its position in Vista Outdoor by 26.9% in the first quarter. US Bancorp DE now owns 9,672 shares of the company’s stock worth $199,000 after buying an additional 2,052 shares during the period. Institutional investors own 99.98% of the company’s stock.
Shares of Vista Outdoor Inc. (VSTO) opened at 22.51 on Friday. The company’s 50 day moving average price is $22.96 and its 200 day moving average price is $22.01. The stock’s market capitalization is $1.28 billion. Vista Outdoor Inc. has a one year low of $18.32 and a one year high of $52.08.
Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Thursday, May 11th. The company reported $0.03 earnings per share (EPS) 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 the consensus estimate of $565.19 million. Vista Outdoor had a positive return on equity of 7.62% and a negative net margin of 10.78%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS. On average, equities analysts expect that Vista Outdoor Inc. will post $1.23 earnings per share for the current year.
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A number of equities analysts have recently commented on the company. Roth Capital set a $19.00 price objective on Vista Outdoor and gave the stock a “hold” rating in a report on Saturday, April 8th. Zacks Investment Research upgraded Vista Outdoor from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub downgraded Vista Outdoor from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. DA Davidson upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $29.00 in a report on Thursday, June 8th. Finally, Cowen and Company restated a “market perform” rating and issued a $26.00 price objective (up from $18.00) on shares of Vista Outdoor in a report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $31.14.
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. 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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