US Bancorp DE Acquires 4,871 Shares of Vista Outdoor Inc. (NYSE:VSTO)

US Bancorp DE increased its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 8.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,614 shares of the company’s stock after acquiring an additional 4,871 shares during the quarter. US Bancorp DE owned about 0.11% of Vista Outdoor worth $2,453,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of Vista Outdoor by 19.2% during the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock worth $50,932,000 after purchasing an additional 218,018 shares during the period. Marshall Wace LLP grew its position in Vista Outdoor by 2,197.0% during the second quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock worth $7,289,000 after buying an additional 185,181 shares in the last quarter. Slotnik Capital LLC bought a new position in Vista Outdoor during the second quarter valued at about $3,012,000. Renaissance Technologies LLC acquired a new position in Vista Outdoor in the 2nd quarter valued at approximately $2,948,000. Finally, Larson Financial Group LLC raised its holdings in Vista Outdoor by 177,334.1% in the 2nd quarter. Larson Financial Group LLC now owns 78,071 shares of the company’s stock valued at $2,939,000 after acquiring an additional 78,027 shares in the last quarter. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Vista Outdoor Price Performance

NYSE:VSTO opened at $44.16 on Wednesday. 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 firm has a market cap of $2.58 billion, a PE ratio of -338.08 and a beta of 0.79. Vista Outdoor Inc. has a 12 month low of $24.30 and a 12 month high of $44.40. The company’s 50-day moving average price is $41.33 and its two-hundred day moving average price is $38.21.

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 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 the consensus estimate of $664.05 million. During the same period in the previous year, the business earned $1.12 EPS. Vista Outdoor’s revenue was down 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Vista Outdoor Inc. will post 3.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Aegis upgraded Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. B. Riley downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a report on Wednesday, August 7th. 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. Finally, StockNews.com began coverage on Vista Outdoor in a report on Wednesday, October 30th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.20.

Vista Outdoor 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.