Louisiana State Employees Retirement System Cuts Stock Position in Vista Outdoor Inc. (NYSE:VSTO)

Louisiana State Employees Retirement System decreased its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 3.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 28,200 shares of the company’s stock after selling 1,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Vista Outdoor were worth $1,105,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VSTO. Blue Trust Inc. acquired a new stake in Vista Outdoor during the 2nd quarter worth approximately $36,000. Sound Income Strategies LLC purchased a new stake in shares of Vista Outdoor during the third quarter worth $41,000. Innealta Capital LLC purchased a new stake in shares of Vista Outdoor during the second quarter worth $76,000. Headlands Technologies LLC acquired a new stake in shares of Vista Outdoor in the second quarter valued at $91,000. Finally, Priebe Wealth Holdings LLC purchased a new position in Vista Outdoor in the third quarter valued at $204,000. Institutional investors and hedge funds own 90.51% of the company’s stock.

Wall Street Analysts Forecast Growth

VSTO has been the topic of a number of analyst reports. Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Thursday, September 19th. Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. StockNews.com started coverage on shares of Vista Outdoor in a research note on Wednesday. They issued a “buy” rating for the company. Lake Street Capital increased their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Finally, Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Vista Outdoor has an average rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Stock Up 0.0 %

VSTO stock opened at $43.99 on Friday. The stock has a market cap of $2.57 billion, a P/E ratio of -338.38 and a beta of 0.79. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. Vista Outdoor Inc. has a twelve month low of $24.30 and a twelve month high of $44.40. The company’s 50 day moving average is $41.23 and its two-hundred day moving average is $38.04.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The firm had revenue of $644.18 million during the quarter, compared to analysts’ expectations of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. Vista Outdoor’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. Research 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.