PNC Financial Services Group Inc. Sells 1,088 Shares of Vista Outdoor Inc. (NYSE:VSTO)

PNC Financial Services Group Inc. cut its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,342 shares of the company’s stock after selling 1,088 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Vista Outdoor were worth $128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in Vista Outdoor by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,161,469 shares of the company’s stock worth $123,056,000 after buying an additional 21,733 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Vista Outdoor by 57.4% in the fourth quarter. Pacer Advisors Inc. now owns 2,980,595 shares of the company’s stock worth $88,136,000 after purchasing an additional 1,086,671 shares during the period. Brown Advisory Inc. increased its position in shares of Vista Outdoor by 14.2% in the fourth quarter. Brown Advisory Inc. now owns 1,318,975 shares of the company’s stock worth $39,002,000 after purchasing an additional 164,385 shares during the period. American Century Companies Inc. raised its stake in Vista Outdoor by 16.6% in the third quarter. American Century Companies Inc. now owns 865,399 shares of the company’s stock valued at $28,662,000 after purchasing an additional 123,307 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Vista Outdoor by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 815,346 shares of the company’s stock worth $24,110,000 after purchasing an additional 18,442 shares during the period. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on VSTO. Roth Capital upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Roth Mkm restated a “buy” rating and set a $40.00 target price on shares of Vista Outdoor in a research note on Wednesday, June 26th. Monness Crespi & Hardt raised their target price on Vista Outdoor from $37.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 10th. StockNews.com assumed coverage on Vista Outdoor in a report on Tuesday. They set a “buy” rating for the company. Finally, Lake Street Capital downgraded Vista Outdoor from a “buy” rating to a “hold” rating and upped their price objective for the stock from $33.00 to $37.00 in a research report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Vista Outdoor currently has an average rating of “Moderate Buy” and an average target price of $39.33.

Vista Outdoor Price Performance

Shares of NYSE:VSTO opened at $37.40 on Friday. Vista Outdoor Inc. has a one year low of $23.33 and a one year high of $38.91. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.79 and a quick ratio of 1.21. The company has a market cap of $2.18 billion, a price-to-earnings ratio of -340.00 and a beta of 0.86. The firm has a 50 day simple moving average of $35.27 and a 200 day simple moving average of $32.38.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.03. Vista Outdoor had a positive return on equity of 19.75% and a negative net margin of 0.20%. The company had revenue of $693.67 million during the quarter, compared to analysts’ expectations of $701.43 million. During the same period in the prior year, the company earned $1.08 EPS. Vista Outdoor’s revenue was down 6.4% compared to the same quarter last year. Research analysts predict that Vista Outdoor Inc. will post 3.99 earnings per share for the current fiscal year.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.