Ameriprise Financial Inc. raised its position in Vista Outdoor Inc. (NYSE:VSTO) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 346,009 shares of the company’s stock after buying an additional 5,188 shares during the period. Ameriprise Financial Inc. owned approximately 0.57% of Vista Outdoor worth $16,514,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in Vista Outdoor by 9.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,233 shares of the company’s stock worth $107,000 after buying an additional 188 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Vista Outdoor by 4.1% in the second quarter. Glenmede Trust Co. NA now owns 2,440 shares of the company’s stock worth $116,000 after buying an additional 95 shares during the last quarter. Invictus RG purchased a new position in Vista Outdoor during the first quarter worth $120,000. IFP Advisors Inc boosted its position in 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. Finally, LS Investment Advisors LLC boosted its position in 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. 93.55% of the stock is owned by hedge funds and other institutional investors.
Vista Outdoor Inc. (NYSE:VSTO) traded up 1.49% during midday trading on Thursday, reaching $39.39. 169,202 shares of the company traded hands. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 17.10 and a beta of 0.30. Vista Outdoor Inc. has a 12 month low of $37.41 and a 12 month high of $53.91. The firm’s 50 day moving average price is $41.60 and its 200 day moving average price is $47.26.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.21. The company earned $630.30 million during 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 business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, analysts expect that Vista Outdoor Inc. will post $2.65 earnings per share for the current year.
VSTO has been the subject of a number of analyst reports. Roth Capital initiated coverage on shares of Vista Outdoor in a research report on Wednesday, June 15th. They issued a “buy” rating and a $55.00 price objective for the company. Jefferies Group restated a “buy” rating on shares of Vista Outdoor in a research note on Monday, July 11th. Zacks Investment Research lowered shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Friday, August 12th. Finally, Morgan Stanley restated a “hold” rating and issued a $45.00 target price on shares of Vista Outdoor in a research note on Wednesday, August 17th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average 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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