Thrivent Financial for Lutherans Lowers Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Thrivent Financial for Lutherans reduced its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 5.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 45,867 shares of the company’s stock after selling 2,449 shares during the period. Thrivent Financial for Lutherans’ holdings in Vista Outdoor were worth $1,797,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC boosted its holdings in shares of Vista Outdoor by 3.6% in the 3rd quarter. Natixis Advisors LLC now owns 11,369 shares of the company’s stock worth $445,000 after purchasing an additional 394 shares during the period. Empowered Funds LLC lifted its position in Vista Outdoor by 5.4% in the third quarter. Empowered Funds LLC now owns 266,421 shares of the company’s stock worth $10,438,000 after buying an additional 13,534 shares during the last quarter. Towerview LLC purchased a new position in Vista Outdoor during the third quarter worth $294,000. Victory Capital Management Inc. boosted its stake in shares of Vista Outdoor by 67.5% during the 3rd quarter. Victory Capital Management Inc. now owns 81,884 shares of the company’s stock worth $3,208,000 after purchasing an additional 32,991 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Vista Outdoor by 2.8% during the 3rd quarter. Principal Financial Group Inc. now owns 295,083 shares of the company’s stock worth $11,561,000 after purchasing an additional 7,975 shares during the period. 90.51% of the stock is owned by hedge funds and other institutional investors.

Vista Outdoor Price Performance

VSTO opened at $44.63 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26. The firm has a market capitalization of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. The business’s 50-day moving average is $43.09 and its two-hundred day moving average is $39.32. Vista Outdoor Inc. has a 1 year low of $26.05 and a 1 year high of $44.72.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data 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 business had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Research analysts anticipate that Vista Outdoor Inc. will post 4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Aegis downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a report on Wednesday, August 7th. StockNews.com assumed coverage on shares of Vista Outdoor in a report on Saturday, November 23rd. They issued a “buy” rating on the stock. Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Finally, Roth Mkm cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research report on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Vista Outdoor has a consensus rating of “Hold” and a consensus target price of $41.20.

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.