Charles Schwab Investment Management Inc. Boosts Position in Vista Outdoor Inc. (NYSE:VSTO)

Charles Schwab Investment Management Inc. boosted its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 0.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 871,505 shares of the company’s stock after purchasing an additional 2,411 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Vista Outdoor were worth $34,146,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VSTO. Arizona State Retirement System raised its stake in shares of Vista Outdoor by 2.0% during the second quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock valued at $582,000 after purchasing an additional 303 shares during the period. Natixis Advisors LLC grew its position in shares of Vista Outdoor by 3.6% during the third quarter. Natixis Advisors LLC now owns 11,369 shares of the company’s stock worth $445,000 after buying an additional 394 shares in the last quarter. SummerHaven Investment Management LLC grew its position in shares of Vista Outdoor by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company’s stock worth $982,000 after buying an additional 443 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Vista Outdoor by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock worth $1,103,000 after buying an additional 500 shares in the last quarter. Finally, Highland Capital Management LLC grew its position in shares of Vista Outdoor by 11.2% during the third quarter. Highland Capital Management LLC now owns 6,307 shares of the company’s stock worth $247,000 after buying an additional 633 shares in the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Wall Street Analyst Weigh In

VSTO has been the subject of a number of recent analyst reports. B. Riley downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a research report on Wednesday, August 7th. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Aegis downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.20.

Vista Outdoor Price Performance

Shares of NYSE VSTO opened at $44.63 on Wednesday. Vista Outdoor Inc. has a fifty-two week low of $26.05 and a fifty-two week high of $44.72. The firm’s 50-day simple moving average is $43.30 and its 200 day simple moving average is $39.53. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79.

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