State of Tennessee Treasury Department Cuts Holdings in Vista Outdoor Inc. (VSTO)
State of Tennessee Treasury Department cut its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,181 shares of the company’s stock after selling 3,172 shares during the period. State of Tennessee Treasury Department owned 0.09% of Vista Outdoor worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in VSTO. Frontier Capital Management Co. LLC increased its stake in Vista Outdoor by 1.1% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,904,412 shares of the company’s stock worth $66,627,000 after purchasing an additional 32,389 shares in the last quarter. Verition Fund Management LLC increased its stake in Vista Outdoor by 84.4% during the 2nd quarter. Verition Fund Management LLC now owns 27,861 shares of the company’s stock worth $627,000 after purchasing an additional 12,749 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Vista Outdoor during the 2nd quarter worth approximately $278,000. Ameritas Investment Partners Inc. bought a new stake in Vista Outdoor during the 2nd quarter worth approximately $113,000. Finally, Financial Partners Capital Management LLC increased its stake in Vista Outdoor by 27.0% during the 2nd quarter. Financial Partners Capital Management LLC now owns 19,075 shares of the company’s stock worth $429,000 after purchasing an additional 4,050 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.
In related news, Director Tig H. Krekel purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $13.33 per share, for a total transaction of $39,990.00. Following the completion of the transaction, the director now owns 7,684 shares of the company’s stock, valued at $102,427.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by company insiders.
Vista Outdoor Inc. (NYSE VSTO) traded down $0.05 during midday trading on Friday, hitting $14.14. The stock had a trading volume of 392,721 shares, compared to its average volume of 1,805,793. The firm has a market cap of $813.42, a P/E ratio of 11.54, a PEG ratio of 2.47 and a beta of -0.12. The company has a current ratio of 3.03, a quick ratio of 1.63 and a debt-to-equity ratio of 0.86. Vista Outdoor Inc. has a 12 month low of $12.35 and a 12 month high of $41.29.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. The business had revenue of $587.00 million during the quarter, compared to the consensus estimate of $588.85 million. During the same quarter last year, the firm posted $0.74 EPS. The company’s quarterly revenue was down 14.2% on a year-over-year basis. equities analysts predict that Vista Outdoor Inc. will post 0.57 EPS for the current fiscal year.
A number of analysts recently issued reports on the company. Aegis reissued a “hold” rating and set a $26.00 target price on shares of Vista Outdoor in a research note on Monday, August 21st. Zacks Investment Research downgraded Vista Outdoor from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Forward View set a $23.00 price target on Vista Outdoor and gave the stock a “hold” rating in a research report on Sunday, August 13th. BidaskClub raised Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, KeyCorp began coverage on Vista Outdoor in a research report on Wednesday, August 30th. They set an “overweight” rating for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $23.40.
Vista Outdoor Company Profile
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.
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