Vista Outdoor Inc. (NYSE:VSTO) Position Cut by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,293 shares of the company’s stock after selling 813 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Vista Outdoor were worth $764,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in Vista Outdoor during the 2nd quarter valued at $36,000. Innealta Capital LLC bought a new position in Vista Outdoor during the 2nd quarter valued at $76,000. Priebe Wealth Holdings LLC bought a new position in Vista Outdoor during the 1st quarter valued at $203,000. Purus Wealth Management LLC bought a new position in Vista Outdoor during the 1st quarter valued at $204,000. Finally, Highland Capital Management LLC bought a new position in Vista Outdoor during the 2nd quarter valued at $214,000. 90.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Roth Mkm increased their price target on Vista Outdoor from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Wednesday, August 7th. Monness Crespi & Hardt raised their price objective on Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. StockNews.com began coverage on Vista Outdoor in a research note on Tuesday, August 27th. They set a “buy” rating for the company. Finally, Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.20.

Vista Outdoor Stock Performance

VSTO opened at $40.04 on Monday. The firm has a market cap of $2.34 billion, a PE ratio of -364.00 and a beta of 0.86. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $38.27 and a 200-day simple moving average of $35.13. Vista Outdoor Inc. has a fifty-two week low of $23.33 and a fifty-two week high of $41.11.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $644.18 million during the quarter, compared to analyst estimates of $664.05 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 earnings per share. As a group, equities analysts predict that Vista Outdoor Inc. will post 3.98 EPS 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.