Global Retirement Partners LLC Takes Position in Vista Outdoor Inc. (NYSE:VSTO)


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Global Retirement Partners LLC bought a new stake in Vista Outdoor Inc. (NYSE:VSTO) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 867 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Vista Outdoor by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 44,440 shares of the company’s stock worth $849,000 after buying an additional 985 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in Vista Outdoor during the third quarter worth about $482,000. Sei Investments Co. increased its holdings in Vista Outdoor by 84.8% during the third quarter. Sei Investments Co. now owns 75,186 shares of the company’s stock worth $1,536,000 after buying an additional 34,490 shares during the last quarter. First Hawaiian Bank bought a new position in Vista Outdoor during the fourth quarter worth about $374,000. Finally, Crossmark Global Holdings Inc. boosted its position in Vista Outdoor by 60.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 30,950 shares of the company’s stock worth $735,000 after purchasing an additional 11,640 shares during the period. Institutional investors own 89.59% of the company’s stock.

Vista Outdoor stock opened at $32.00 on Wednesday. The stock has a market capitalization of $1.87 billion, a PE ratio of -18.71 and a beta of 0.40. Vista Outdoor Inc. has a 12 month low of $6.52 and a 12 month high of $38.36. The business has a 50 day simple moving average of $31.88 and a 200-day simple moving average of $26.61. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.68 and a quick ratio of 1.45.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Thursday, February 4th. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.37. The business had revenue of $574.70 million during the quarter, compared to analysts’ expectations of $525.94 million. Vista Outdoor had a positive return on equity of 9.19% and a negative net margin of 5.52%. The business’s revenue was up 35.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. On average, equities research analysts anticipate that Vista Outdoor Inc. will post 1.97 EPS for the current fiscal year.

VSTO has been the subject of a number of research reports. Monness Crespi & Hardt increased their target price on shares of Vista Outdoor from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, February 5th. Wedbush initiated coverage on shares of Vista Outdoor in a research report on Thursday, January 21st. They issued an “outperform” rating and a $36.00 price objective for the company. Lake Street Capital raised their price objective on shares of Vista Outdoor from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, February 5th. CL King raised their price objective on shares of Vista Outdoor from $31.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, January 14th. Finally, Cowen raised their price objective on shares of Vista Outdoor from $33.00 to $36.00 in a research report on Thursday, March 25th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Vista Outdoor has a consensus rating of “Buy” and a consensus target price of $36.78.

In other news, insider Jason R. Vanderbrink sold 15,498 shares of Vista Outdoor stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $33.80, for a total value of $523,832.40. Following the sale, the insider now directly owns 91,657 shares of the company’s stock, valued at $3,098,006.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets various consumer products in the outdoor sports and recreation markets in the United States and internationally. It has a portfolio of brands that provides consumers with a range of products for individual outdoor recreational pursuits. The company operates through two segments, Shooting Sports and Outdoor Products.

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Institutional Ownership by Quarter for Vista Outdoor (NYSE:VSTO)

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