Bank of New York Mellon Corp Has $19.16 Million Stake in Vista Outdoor Inc. (NYSE:VSTO)

Bank of New York Mellon Corp lifted its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO) by 1.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 508,904 shares of the company’s stock after acquiring an additional 5,945 shares during the period. Bank of New York Mellon Corp’s holdings in Vista Outdoor were worth $19,160,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. acquired a new stake in shares of Vista Outdoor during the 2nd quarter worth approximately $36,000. Priebe Wealth Holdings LLC acquired a new position in Vista Outdoor during the first quarter valued at approximately $203,000. Purus Wealth Management LLC bought a new stake in Vista Outdoor in the first quarter valued at approximately $204,000. Highland Capital Management LLC bought a new stake in Vista Outdoor in the second quarter valued at approximately $214,000. Finally, Paloma Partners Management Co bought a new stake in Vista Outdoor in the first quarter valued at approximately $246,000. Institutional investors and hedge funds own 90.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on VSTO shares. B. Riley downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a research note on Wednesday, August 7th. Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Lake Street Capital upped their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Monness Crespi & Hardt upped their price target on shares of Vista Outdoor from $37.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Roth Mkm upped their price target on shares of Vista Outdoor from $40.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.20.

Vista Outdoor Stock Down 1.4 %

Vista Outdoor stock opened at $38.31 on Friday. The stock has a market capitalization of $2.24 billion, a PE ratio of -348.27 and a beta of 0.81. Vista Outdoor Inc. has a twelve month low of $23.33 and a twelve month high of $41.11. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $38.56 and a 200-day moving average of $35.37.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Monday, August 5th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The business had revenue of $644.18 million during the quarter, compared to analysts’ expectations of $664.05 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis. On average, equities research analysts anticipate that Vista Outdoor Inc. will post 3.98 EPS for the current fiscal year.

About Vista Outdoor

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.