Texas Permanent School Fund Corp Boosts Stake in Vista Outdoor Inc. (NYSE:VSTO)

Texas Permanent School Fund Corp increased its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO) by 9.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,812 shares of the company’s stock after purchasing an additional 4,922 shares during the quarter. Texas Permanent School Fund Corp owned 0.10% of Vista Outdoor worth $2,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of VSTO. Charles Schwab Investment Management Inc. boosted its holdings in shares of Vista Outdoor by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 815,346 shares of the company’s stock valued at $24,110,000 after acquiring an additional 18,442 shares during the last quarter. Norges Bank purchased a new stake in Vista Outdoor in the fourth quarter worth approximately $9,884,000. US Bancorp DE grew its position in Vista Outdoor by 23.2% in the 4th quarter. US Bancorp DE now owns 71,061 shares of the company’s stock worth $2,101,000 after purchasing an additional 13,373 shares during the period. Allianz Asset Management GmbH raised its stake in Vista Outdoor by 51.4% during the 4th quarter. Allianz Asset Management GmbH now owns 48,010 shares of the company’s stock valued at $1,420,000 after buying an additional 16,309 shares during the last quarter. Finally, Gabelli Funds LLC lifted its holdings in shares of Vista Outdoor by 445.4% during the 4th quarter. Gabelli Funds LLC now owns 107,981 shares of the company’s stock valued at $3,193,000 after buying an additional 88,181 shares during the period. 90.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VSTO shares. Lake Street Capital upped their price objective on Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, July 15th. B. Riley cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research note on Wednesday, August 7th. Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. StockNews.com started coverage on shares of Vista Outdoor in a report on Thursday, September 12th. They set a “buy” rating for the company. Finally, Roth Mkm upped their target price on shares of Vista Outdoor from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.20.

Vista Outdoor Stock Performance

NYSE VSTO opened at $40.15 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. Vista Outdoor Inc. has a 1-year low of $23.33 and a 1-year high of $41.11. The business has a 50 day simple moving average of $38.80 and a two-hundred day simple moving average of $35.82. The stock has a market capitalization of $2.34 billion, a PE ratio of -365.00 and a beta of 0.81.

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, topping the consensus estimate of $0.97 by $0.04. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The company had revenue of $644.18 million for the quarter, compared to analysts’ expectations of $664.05 million. During the same quarter in the previous year, the business posted $1.12 earnings per share. Vista Outdoor’s quarterly revenue was down 7.1% on a year-over-year basis. On average, research analysts predict that Vista Outdoor Inc. will post 3.98 EPS 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.