Barings LLC held its position in Vista Outdoor Inc. (NYSE:VSTO) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,200 shares of the company’s stock at the end of the first quarter. Barings LLC’s holdings in Vista Outdoor were worth $416,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Vista Outdoor by 16,839.6% in the first quarter. BlackRock Inc. now owns 5,667,641 shares of the company’s stock valued at $116,698,000 after buying an additional 5,634,183 shares during the last quarter. FMR LLC increased its stake in shares of Vista Outdoor by 204.4% in the first quarter. FMR LLC now owns 4,055,755 shares of the company’s stock valued at $83,508,000 after buying an additional 2,723,267 shares during the last quarter. Frontier Capital Management Co. LLC acquired a new stake in shares of Vista Outdoor during the first quarter valued at approximately $45,627,000. Norges Bank acquired a new stake in shares of Vista Outdoor during the fourth quarter valued at approximately $22,369,000. Finally, River Road Asset Management LLC increased its stake in shares of Vista Outdoor by 256.5% in the first quarter. River Road Asset Management LLC now owns 680,840 shares of the company’s stock valued at $14,018,000 after buying an additional 489,858 shares during the last quarter. 96.45% of the stock is currently owned by institutional investors.
Vista Outdoor Inc. (NYSE VSTO) opened at 22.50 on Wednesday. The stock has a 50 day moving average price of $22.48 and a 200 day moving average price of $24.42. Vista Outdoor Inc. has a one year low of $18.32 and a one year high of $52.08. The company’s market cap is $1.28 billion.
Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, May 11th. The company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.15. Vista Outdoor had a positive return on equity of 7.62% and a negative net margin of 10.78%. The business had revenue of $578.80 million during the quarter, compared to analyst estimates of $565.19 million. During the same quarter in the prior year, the company earned $0.63 EPS. The company’s revenue was down 5.5% on a year-over-year basis. On average, equities analysts anticipate that Vista Outdoor Inc. will post $1.22 EPS for the current fiscal year.
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Several brokerages recently commented on VSTO. Roth Capital set a $20.00 price objective on Vista Outdoor and gave the stock a “hold” rating in a research note on Saturday, May 13th. Cowen and Company reiterated a “hold” rating and set a $26.00 target price on shares of Vista Outdoor in a report on Tuesday. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 target price on shares of Vista Outdoor in a report on Friday, May 12th. Forward View reiterated a “hold” rating on shares of Vista Outdoor in a report on Thursday, May 18th. Finally, DA Davidson upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $23.00 to $29.00 in a report on Thursday, June 8th. One 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. The stock currently has an average rating of “Hold” and an average target price of $31.14.
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. 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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