Vanguard Group Inc. Reduces Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Vanguard Group Inc. lowered its position in Vista Outdoor Inc. (NYSE:VSTO) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,928,282 shares of the company’s stock after selling 156,163 shares during the quarter. Vanguard Group Inc. owned about 8.48% of Vista Outdoor worth $145,729,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Gabelli Funds LLC lifted its stake in Vista Outdoor by 445.4% in the fourth quarter. Gabelli Funds LLC now owns 107,981 shares of the company’s stock worth $3,193,000 after purchasing an additional 88,181 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Vista Outdoor by 19.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 469,223 shares of the company’s stock worth $13,875,000 after acquiring an additional 76,353 shares during the last quarter. US Bancorp DE boosted its holdings in Vista Outdoor by 23.2% during the 4th quarter. US Bancorp DE now owns 71,061 shares of the company’s stock valued at $2,101,000 after acquiring an additional 13,373 shares during the period. Assenagon Asset Management S.A. grew its position in Vista Outdoor by 172.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 471,284 shares of the company’s stock valued at $13,936,000 after acquiring an additional 298,199 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Vista Outdoor by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,161,469 shares of the company’s stock worth $123,056,000 after purchasing an additional 21,733 shares during the period. Institutional investors own 90.51% of the company’s stock.

Vista Outdoor Price Performance

NYSE VSTO opened at $37.40 on Friday. The company has a market cap of $2.18 billion, a PE ratio of -340.00 and a beta of 0.86. The firm’s 50 day moving average price is $35.27 and its 200-day moving average price is $32.38. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 2.79. Vista Outdoor Inc. has a 52-week low of $23.33 and a 52-week high of $38.91.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Wednesday, May 8th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.03. The business had revenue of $693.67 million for the quarter, compared to analysts’ expectations of $701.43 million. Vista Outdoor had a positive return on equity of 19.75% and a negative net margin of 0.20%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. Sell-side analysts forecast that Vista Outdoor Inc. will post 3.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VSTO has been the subject of a number of recent analyst reports. Lake Street Capital lowered shares of Vista Outdoor from a “buy” rating to a “hold” rating and boosted their target price for the company from $33.00 to $37.00 in a research note on Friday, May 10th. Roth Mkm restated a “buy” rating and issued a $40.00 target price on shares of Vista Outdoor in a research note on Wednesday, June 26th. StockNews.com initiated coverage on shares of Vista Outdoor in a research note on Tuesday. They set a “buy” rating for the company. Roth Capital raised Vista Outdoor from a “neutral” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, Monness Crespi & Hardt lifted their target price on Vista Outdoor from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $39.33.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.