Vista Outdoor Inc. (NYSE:VSTO) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 214.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,010 shares of the company’s stock after purchasing an additional 2,052 shares during the period. Blue Trust Inc.’s holdings in Vista Outdoor were worth $113,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VSTO. Arizona State Retirement System raised its holdings in Vista Outdoor by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock worth $582,000 after buying an additional 303 shares during the period. Kennedy Capital Management LLC raised its holdings in shares of Vista Outdoor by 3.7% during the first quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock valued at $307,000 after acquiring an additional 333 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of Vista Outdoor by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company’s stock valued at $982,000 after acquiring an additional 443 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Vista Outdoor by 1.7% in the 2nd 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. Finally, Creative Planning boosted its stake in Vista Outdoor by 7.8% in the 2nd quarter. Creative Planning now owns 9,529 shares of the company’s stock worth $359,000 after purchasing an additional 693 shares during the period. 90.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research note on Thursday, September 19th. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. B. Riley lowered 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. Finally, Lake Street Capital boosted their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $41.20.

Vista Outdoor Price Performance

VSTO opened at $43.93 on Tuesday. The company has a market capitalization of $2.56 billion, a PE ratio of -337.88 and a beta of 0.81. 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 fifty-two week low of $24.30 and a fifty-two week high of $44.40. The business has a 50-day moving average of $40.85 and a 200-day moving average of $37.80.

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 the consensus estimate of $0.97 by $0.04. The firm had revenue of $644.18 million for the quarter, compared to analyst estimates of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 earnings per share. Equities research analysts forecast 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.