Principal Financial Group Inc. Sells 14,746 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Principal Financial Group Inc. lessened its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 4.9% during the second quarter, HoldingsChannel reports. The fund owned 287,108 shares of the company’s stock after selling 14,746 shares during the quarter. Principal Financial Group Inc.’s holdings in Vista Outdoor were worth $10,810,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VSTO. Russell Investments Group Ltd. boosted its holdings in Vista Outdoor by 51.9% during the 4th quarter. Russell Investments Group Ltd. now owns 83,087 shares of the company’s stock worth $2,457,000 after acquiring an additional 28,387 shares during the last quarter. LSV Asset Management grew its position in Vista Outdoor by 12.7% in the 4th quarter. LSV Asset Management now owns 91,700 shares of the company’s stock worth $2,712,000 after purchasing an additional 10,300 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Vista Outdoor by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 815,346 shares of the company’s stock valued at $24,110,000 after buying an additional 18,442 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Vista Outdoor by 0.5% during the 4th 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. Finally, Brown Advisory Inc. boosted its stake in shares of Vista Outdoor by 14.2% in the 4th quarter. Brown Advisory Inc. now owns 1,318,975 shares of the company’s stock worth $39,002,000 after buying an additional 164,385 shares during the last quarter. Institutional investors own 90.51% of the company’s stock.

Vista Outdoor Price Performance

NYSE VSTO opened at $38.31 on Friday. The company has a market cap of $2.24 billion, a PE ratio of -348.27 and a beta of 0.81. 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 firm’s 50-day simple moving average is $38.56 and its two-hundred day simple moving average is $35.37. Vista Outdoor Inc. has a 52 week low of $23.33 and a 52 week high of $41.11.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on VSTO shares. Monness Crespi & Hardt lifted their price target on Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 10th. B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research note on Wednesday, August 7th. Roth Mkm increased their price target on shares of Vista Outdoor from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. StockNews.com began coverage on shares of Vista Outdoor in a research report on Wednesday. They issued a “buy” rating on the stock. Finally, Lake Street Capital boosted their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Two 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 company. According to data from MarketBeat, Vista Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $41.20.

Vista Outdoor Profile

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.