State Street Corp Boosts Stake in Vista Outdoor Inc. (NYSE:VSTO)

State Street Corp grew its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,180,898 shares of the company’s stock after buying an additional 35,003 shares during the quarter. State Street Corp owned 3.73% of Vista Outdoor worth $85,448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VSTO. Blue Trust Inc. bought a new position in shares of Vista Outdoor during the 2nd quarter valued at $36,000. SummerHaven Investment Management LLC grew its holdings in shares of Vista Outdoor by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company’s stock valued at $982,000 after purchasing an additional 443 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Vista Outdoor by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock valued at $1,103,000 after purchasing an additional 500 shares during the last quarter. Highland Capital Management LLC bought a new position in shares of Vista Outdoor during the 2nd quarter valued at $214,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Vista Outdoor by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock valued at $19,160,000 after purchasing an additional 5,945 shares during the last quarter. Institutional investors own 90.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VSTO shares. Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Thursday, September 19th. Aegis lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. StockNews.com started coverage on shares of Vista Outdoor in a report on Tuesday. They issued a “buy” rating on the stock. Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Finally, Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Vista Outdoor currently has a consensus rating of “Hold” and an average target price of $41.20.

Vista Outdoor Stock Performance

Shares of VSTO opened at $44.63 on Tuesday. The firm’s 50-day moving average price is $44.27 and its 200-day moving average price is $40.25. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -247.94 and a beta of 0.79. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. Vista Outdoor Inc. has a 1-year low of $26.05 and a 1-year high of $44.72.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The company had revenue of $665.92 million during the quarter, compared to analysts’ expectations of $666.72 million. During the same period last year, the company posted $0.96 EPS. Vista Outdoor’s revenue was down 1.6% on a year-over-year basis. Sell-side analysts anticipate that Vista Outdoor Inc. will post 4 EPS for the current year.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.