Deerfield Management Company L.P. Series C Takes Position in Vista Outdoor Inc. (NYSE:VSTO)

Deerfield Management Company L.P. Series C acquired a new position in Vista Outdoor Inc. (NYSE:VSTO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,967 shares of the company’s stock, valued at approximately $262,000.

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. purchased a new stake in shares of Vista Outdoor during the 2nd quarter valued at about $36,000. Innealta Capital LLC purchased a new stake in Vista Outdoor during the second quarter valued at approximately $76,000. Headlands Technologies LLC purchased a new position in shares of Vista Outdoor during the 2nd quarter worth $91,000. Priebe Wealth Holdings LLC bought a new stake in shares of Vista Outdoor during the 1st quarter valued at $203,000. Finally, Purus Wealth Management LLC purchased a new stake in shares of Vista Outdoor in the 1st quarter worth $204,000. Institutional investors own 90.51% of the company’s stock.

Vista Outdoor Price Performance

VSTO stock opened at $39.33 on Friday. The company has a market capitalization of $2.30 billion, a PE ratio of -357.55 and a beta of 0.81. The company’s fifty day moving average price is $39.16 and its 200-day moving average price is $36.26. Vista Outdoor Inc. has a one year low of $23.33 and a one year high of $41.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The firm had revenue of $644.18 million during the quarter, compared to analyst estimates of $664.05 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 earnings per share. On average, equities analysts anticipate that Vista Outdoor Inc. will post 3.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. B. Riley downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Wednesday, August 7th. Roth Mkm cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research note on Thursday, September 19th. Lake Street Capital increased their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, July 15th. Finally, Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Vista Outdoor presently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

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.