Geode Capital Management LLC Purchases 17,621 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Geode Capital Management LLC grew its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,355,917 shares of the company’s stock after purchasing an additional 17,621 shares during the quarter. Geode Capital Management LLC’s holdings in Vista Outdoor were worth $53,135,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Sound Income Strategies LLC purchased a new stake in Vista Outdoor in the third quarter worth approximately $41,000. Innealta Capital LLC purchased a new stake in shares of Vista Outdoor in the 2nd quarter valued at $76,000. Headlands Technologies LLC purchased a new stake in shares of Vista Outdoor in the 2nd quarter valued at $91,000. Blue Trust Inc. grew its holdings in shares of Vista Outdoor by 214.2% during the 3rd quarter. Blue Trust Inc. now owns 3,010 shares of the company’s stock valued at $113,000 after purchasing an additional 2,052 shares during the last quarter. Finally, Priebe Wealth Holdings LLC purchased a new position in Vista Outdoor in the 3rd quarter worth $204,000. 90.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on VSTO. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Thursday, September 19th. StockNews.com began coverage on Vista Outdoor in a research report on Tuesday, December 17th. They issued a “buy” rating for the company. Aegis cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Price Performance

VSTO opened at $44.63 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. The stock has a market capitalization of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. The stock’s 50 day moving average price is $44.31 and its 200-day moving average price is $40.49. Vista Outdoor Inc. has a 52-week low of $26.05 and a 52-week high of $44.72.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) 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 the consensus estimate of $666.72 million. During the same period in the previous year, the firm earned $0.96 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts predict that Vista Outdoor Inc. will post 4 EPS for the current year.

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.