Principal Financial Group Inc. Has $11.56 Million Stake in Vista Outdoor Inc. (NYSE:VSTO)

Principal Financial Group Inc. lifted its stake in Vista Outdoor Inc. (NYSE:VSTO) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 295,083 shares of the company’s stock after purchasing an additional 7,975 shares during the quarter. Principal Financial Group Inc.’s holdings in Vista Outdoor were worth $11,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. acquired a new position in Vista Outdoor in the 2nd quarter valued at 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 position in Vista Outdoor in the second quarter valued at about $76,000. Headlands Technologies LLC acquired a new position in Vista Outdoor in the 2nd quarter worth about $91,000. Finally, Priebe Wealth Holdings LLC purchased a new stake in shares of Vista Outdoor during the 3rd quarter worth about $204,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VSTO has been the subject of several recent research reports. Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research note on Thursday, September 19th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. B. Riley downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research report on Wednesday, August 7th. Finally, Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Vista Outdoor has a consensus rating of “Hold” and an average target price of $41.20.

Vista Outdoor Stock Performance

NYSE:VSTO opened at $44.11 on Monday. The firm has a market capitalization of $2.58 billion, a PE ratio of -245.06 and a beta of 0.79. Vista Outdoor Inc. has a 1 year low of $25.25 and a 1 year high of $44.48. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm’s fifty day simple moving average is $42.20 and its 200 day simple moving average is $38.82.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.11. The company had revenue of $665.92 million for the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.96 earnings per share. On average, sell-side analysts anticipate that Vista Outdoor Inc. will post 4 EPS for the current year.

About Vista Outdoor

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.