Vista Outdoor Inc. (NYSE:VSTO) Stake Maintained by Strs Ohio
Strs Ohio maintained its position in shares of Vista Outdoor Inc. (NYSE:VSTO) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 130,000 shares of the company’s stock at the end of the second quarter. Strs Ohio’s holdings in Vista Outdoor were worth $2,926,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Oxford Asset Management increased its position in shares of Vista Outdoor by 1,007.1% in the first quarter. Oxford Asset Management now owns 418,476 shares of the company’s stock valued at $8,616,000 after buying an additional 380,675 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Vista Outdoor during the first quarter valued at approximately $129,000. Principal Financial Group Inc. increased its position in shares of Vista Outdoor by 83.6% in the first quarter. Principal Financial Group Inc. now owns 433,655 shares of the company’s stock valued at $8,929,000 after buying an additional 197,416 shares during the period. Laurion Capital Management LP purchased a new position in shares of Vista Outdoor during the first quarter valued at approximately $1,137,000. Finally, UBS Group AG increased its position in shares of Vista Outdoor by 168.7% in the first quarter. UBS Group AG now owns 95,397 shares of the company’s stock valued at $1,964,000 after buying an additional 59,893 shares during the period. 99.49% of the stock is owned by hedge funds and other institutional investors.
Vista Outdoor Inc. (NYSE:VSTO) opened at 22.34 on Thursday. The company’s market capitalization is $1.27 billion. Vista Outdoor Inc. has a 1-year low of $18.32 and a 1-year high of $46.95. The company has a 50-day moving average of $22.73 and a 200-day moving average of $21.86.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Thursday, May 11th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.18 by $0.15. The firm 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 company’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS. Equities analysts expect that Vista Outdoor Inc. will post $1.23 EPS for the current fiscal year.
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VSTO has been the subject of a number of research reports. DA Davidson raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $29.00 in a research note on Thursday, June 8th. Jefferies Group LLC reissued a “buy” rating and issued a $28.00 price target on shares of Vista Outdoor in a research note on Friday, May 12th. Zacks Investment Research raised shares of Vista Outdoor from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Cowen and Company reissued a “hold” rating and issued a $26.00 price target on shares of Vista Outdoor in a research note on Tuesday, July 11th. Finally, BidaskClub raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Vista Outdoor currently has a consensus rating of “Hold” and an average target price 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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