Vista Outdoor Inc. (NYSE:VSTO) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in Vista Outdoor Inc. (NYSE:VSTO) by 23.5% during the third quarter, Holdings Channel reports. The institutional investor owned 11,259 shares of the company’s stock after acquiring an additional 2,140 shares during the quarter. HighTower Advisors LLC’s holdings in Vista Outdoor were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Monness Crespi & Hardt downgraded shares of 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 target price on the stock. in a research report on Thursday, September 19th. Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Aegis cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, StockNews.com started coverage on shares of Vista Outdoor in a research report on Tuesday, December 17th. They set a “buy” rating for the company. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.20.

Vista Outdoor Stock Performance

NYSE:VSTO opened at $44.63 on Friday. The stock has a fifty day moving average price of $44.31 and a 200 day moving average price of $40.45. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. Vista Outdoor Inc. has a 12-month low of $26.05 and a 12-month high of $44.72. The firm has a market cap of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $666.72 million. During the same period last year, the business earned $0.96 EPS. The company’s revenue was down 1.6% on a year-over-year basis. Sell-side analysts anticipate that Vista Outdoor Inc. will post 4 earnings per share 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.