Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Vista Outdoor Inc. (NYSE:VSTO) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 125,380 shares of the company’s stock, valued at approximately $2,822,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.22% of Vista Outdoor as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC bought a new position in shares of Vista Outdoor during the second quarter worth about $500,000. Adirondack Research & Management Inc. grew its stake in Vista Outdoor by 27.3% during the second quarter. Adirondack Research & Management Inc. now owns 202,699 shares of the company’s stock worth $4,563,000 after purchasing an additional 43,500 shares during the period. Sphera Funds Management LTD. acquired a new stake in Vista Outdoor during the second quarter worth approximately $135,000. Kestrel Investment Management Corp grew its stake in Vista Outdoor by 49.6% during the second quarter. Kestrel Investment Management Corp now owns 358,450 shares of the company’s stock worth $8,069,000 after purchasing an additional 118,875 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Vista Outdoor during the second quarter worth approximately $311,000. 96.45% of the stock is currently owned by institutional investors and hedge funds.
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Several research firms recently commented on VSTO. Zacks Investment Research cut Vista Outdoor from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Aegis reissued a “hold” rating and issued a $26.00 price objective on shares of Vista Outdoor in a research note on Monday, August 21st. BidaskClub raised Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Friday. DA Davidson raised Vista Outdoor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $29.00 in a research report on Thursday, June 8th. Finally, Forward View reaffirmed a “hold” rating on shares of Vista Outdoor in a research report on Thursday, May 18th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Vista Outdoor currently has a consensus rating of “Hold” and an average target price of $29.54.
Vista Outdoor Inc. (NYSE VSTO) opened at 22.01 on Friday. The company’s market cap is $1.26 billion. The stock has a 50 day moving average price of $21.44 and a 200 day moving average price of $20.95. Vista Outdoor Inc. has a 12 month low of $19.72 and a 12 month high of $41.29.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.11. The company had revenue of $569.00 million during the quarter, compared to the consensus estimate of $552.49 million. Vista Outdoor had a negative net margin of 11.55% and a positive return on equity of 7.02%. Vista Outdoor’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Analysts anticipate that Vista Outdoor Inc. will post $1.24 earnings per share for the current fiscal year.
Vista Outdoor 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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