Nationwide Fund Advisors decreased its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 5.8% during the second quarter, Holdings Channel reports. The firm owned 130,322 shares of the company’s stock after selling 8,076 shares during the period. Nationwide Fund Advisors owned 0.21% of Vista Outdoor worth $6,220,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted 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 valued at $79,002,000 after buying an additional 6,063 shares during the period. Loomis Sayles & Co. L P boosted its position in Vista Outdoor by 16.5% in the first quarter. Loomis Sayles & Co. L P now owns 926,023 shares of the company’s stock valued at $48,070,000 after buying an additional 131,357 shares during the period. Bank of New York Mellon Corp boosted its position in Vista Outdoor by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 632,389 shares of the company’s stock valued at $30,184,000 after buying an additional 10,420 shares during the period. First Trust Advisors LP raised its stake in shares of Vista Outdoor by 245.7% in the second quarter. First Trust Advisors LP now owns 492,815 shares of the company’s stock valued at $23,522,000 after buying an additional 350,253 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Vista Outdoor during the second quarter valued at about $23,017,000. 93.55% of the stock is currently owned by institutional investors.
Vista Outdoor Inc. (NYSE:VSTO) traded down 0.05% during midday trading on Tuesday, reaching $39.29. The company had a trading volume of 179,574 shares. The company has a market cap of $2.37 billion, a PE ratio of 17.05 and a beta of 0.30. Vista Outdoor Inc. has a 52-week low of $37.41 and a 52-week high of $53.91. The company’s 50-day moving average is $40.58 and its 200 day moving average is $46.98.
Vista Outdoor (NYSE:VSTO) last announced 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. Vista Outdoor had a return on equity of 9.13% and a net margin of 5.96%. The business earned $630.30 million during the quarter, compared to the consensus estimate of $669.04 million. During the same quarter last year, the company earned $0.54 earnings per share. The firm’s revenue was up 22.5% compared to the same quarter last year. On average, equities research analysts forecast that Vista Outdoor Inc. will post $2.65 EPS for the current year.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Vista Outdoor from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, August 9th. Roth Capital set a $57.00 price target on Vista Outdoor and gave the company a “buy” rating in a report on Monday, August 1st. Jefferies Group reiterated a “buy” rating on shares of Vista Outdoor in a report on Monday, July 11th. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Friday, August 12th. Finally, Morgan Stanley reiterated a “hold” rating and set a $45.00 price target on shares of Vista Outdoor in a report on Wednesday, August 17th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Vista Outdoor presently has a consensus rating of “Buy” and a consensus target price of $53.38.
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. 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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