Thrivent Financial for Lutherans Lowers Stock Position in Vista Outdoor Inc. (NYSE:VSTO)

Thrivent Financial for Lutherans lowered its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,316 shares of the company’s stock after selling 2,128 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Vista Outdoor were worth $1,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new position in shares of Vista Outdoor in the 2nd quarter worth about $463,000. Resolute Capital Asset Partners LLC purchased a new position in shares of Vista Outdoor in the 2nd quarter worth about $1,130,000. XTX Topco Ltd purchased a new position in shares of Vista Outdoor in the 2nd quarter worth about $626,000. Kendall Capital Management raised its position in Vista Outdoor by 5.1% in the 2nd quarter. Kendall Capital Management now owns 24,913 shares of the company’s stock worth $938,000 after buying an additional 1,200 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Vista Outdoor in the 2nd quarter worth about $2,948,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. B. Riley downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Wednesday, August 7th. Aegis upgraded Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research note on Thursday, September 19th. Finally, StockNews.com began coverage on Vista Outdoor in a report on Saturday, September 28th. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Vista Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

Vista Outdoor Stock Up 0.3 %

Shares of VSTO opened at $38.98 on Thursday. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of -354.27 and a beta of 0.81. Vista Outdoor Inc. has a 1 year low of $23.33 and a 1 year high of $41.11. The business’s 50 day simple moving average is $39.18 and its 200-day simple moving average is $36.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The business had revenue of $644.18 million for the quarter, compared to analyst estimates of $664.05 million. During the same quarter last year, the firm posted $1.12 earnings per share. The business’s revenue was down 7.1% compared to the same quarter last year. As a group, equities analysts expect that Vista Outdoor Inc. will post 3.98 earnings per share for the current fiscal year.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.