US Bancorp DE increased its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 26.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,672 shares of the company’s stock after buying an additional 2,052 shares during the period. US Bancorp DE’s holdings in Vista Outdoor were worth $199,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VSTO. AMG National Trust Bank boosted its position in Vista Outdoor by 12.1% in the first quarter. AMG National Trust Bank now owns 14,975 shares of the company’s stock worth $308,000 after buying an additional 1,621 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Vista Outdoor by 18.4% in the first quarter. First Trust Advisors LP now owns 263,451 shares of the company’s stock worth $5,424,000 after buying an additional 40,999 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Vista Outdoor by 45.0% in the first quarter. Wedge Capital Management L L P NC now owns 965,400 shares of the company’s stock worth $19,878,000 after buying an additional 299,379 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Vista Outdoor by 137.6% in the first quarter. Great West Life Assurance Co. Can now owns 82,265 shares of the company’s stock worth $1,692,000 after buying an additional 47,641 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Vista Outdoor by 87.6% in the first quarter. Wells Fargo & Company MN now owns 656,363 shares of the company’s stock worth $13,513,000 after buying an additional 306,440 shares during the last quarter. Hedge funds and other institutional investors own 96.45% of the company’s stock.
Shares of Vista Outdoor Inc. (VSTO) opened at 23.90 on Tuesday. Vista Outdoor Inc. has a 1-year low of $18.32 and a 1-year high of $52.08. The stock’s market capitalization is $1.36 billion. The firm has a 50-day moving average of $21.74 and a 200 day moving average of $25.18.
Vista Outdoor (NYSE:VSTO) last announced its 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 business had revenue of $578.80 million for the quarter, compared to the consensus estimate of $565.19 million. Vista Outdoor had a negative net margin of 10.78% and a positive return on equity of 7.62%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. Analysts predict that Vista Outdoor Inc. will post $1.23 EPS for the current year.
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A number of brokerages recently commented on VSTO. Roth Capital set a $20.00 price target on shares of Vista Outdoor and gave the company a “hold” rating in a research note on Saturday, May 13th. DA Davidson upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and upped their price target for the company from $23.00 to $29.00 in a research note on Thursday, June 8th. Jefferies Group LLC restated a “buy” rating and set a $28.00 price target on shares of Vista Outdoor in a research note on Friday, May 12th. Morgan Stanley dropped their price target on shares of Vista Outdoor to $19.50 and set an “equal weight” rating on the stock in a research note on Thursday, February 23rd. Finally, Forward View restated a “hold” rating on shares of Vista Outdoor in a research note on Thursday, May 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus 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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