Fmr LLC Has $237,000 Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Fmr LLC lessened its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 11.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,050 shares of the company’s stock after selling 792 shares during the quarter. Fmr LLC’s holdings in Vista Outdoor were worth $237,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. bought a new position in Vista Outdoor in the 2nd quarter worth $36,000. Louisiana State Employees Retirement System increased its stake in shares of Vista Outdoor by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock worth $1,103,000 after purchasing an additional 500 shares during the period. Highland Capital Management LLC acquired a new position in shares of Vista Outdoor during the 2nd quarter worth about $214,000. Bank of New York Mellon Corp boosted its stake in Vista Outdoor by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock valued at $19,160,000 after purchasing an additional 5,945 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Vista Outdoor in the 2nd quarter valued at approximately $223,000. Institutional investors and hedge funds own 90.51% of the company’s stock.

Analyst Ratings Changes

VSTO has been the subject of a number of research analyst reports. Aegis lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a report on Thursday, September 19th. Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Finally, StockNews.com initiated coverage on Vista Outdoor in a research report on Tuesday, December 17th. They set a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Price Performance

Shares of VSTO opened at $44.63 on Friday. 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 company has a 50-day moving average price of $44.31 and a two-hundred day moving average price of $40.45. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of -247.94 and a beta of 0.79. Vista Outdoor Inc. has a 12 month low of $26.05 and a 12 month high of $44.72.

Vista Outdoor (NYSE:VSTO) last posted its 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 positive return on equity of 19.53% and a negative net margin of 0.34%. The business had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. During the same quarter last year, the company earned $0.96 EPS. Vista Outdoor’s revenue was down 1.6% on a year-over-year basis. Equities analysts predict that Vista Outdoor Inc. will post 4 EPS for the current fiscal year.

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.