Geode Capital Management LLC Increases Position in Vista Outdoor Inc. (NYSE:VSTO)

Geode Capital Management LLC lifted its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,355,917 shares of the company’s stock after acquiring an additional 17,621 shares during the quarter. Geode Capital Management LLC owned 2.32% of Vista Outdoor worth $53,135,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of VSTO. Intech Investment Management LLC boosted its stake in Vista Outdoor by 99.0% in the third quarter. Intech Investment Management LLC now owns 24,459 shares of the company’s stock valued at $958,000 after acquiring an additional 12,168 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Vista Outdoor by 67.5% during the third quarter. Victory Capital Management Inc. now owns 81,884 shares of the company’s stock valued at $3,208,000 after purchasing an additional 32,991 shares during the period. Curated Wealth Partners LLC increased its position in Vista Outdoor by 97.0% in the third quarter. Curated Wealth Partners LLC now owns 52,924 shares of the company’s stock worth $2,074,000 after buying an additional 26,054 shares during the last quarter. Verition Fund Management LLC raised its stake in shares of Vista Outdoor by 4,019.4% in the third quarter. Verition Fund Management LLC now owns 316,494 shares of the company’s stock valued at $12,400,000 after buying an additional 308,811 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Vista Outdoor by 2,197.0% during the 2nd quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock valued at $7,289,000 after buying an additional 185,181 shares during the last quarter. 90.51% of the stock is currently owned by institutional investors.

Vista Outdoor Stock Performance

Shares of VSTO stock opened at $44.63 on Monday. The company has a market capitalization of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. Vista Outdoor Inc. has a 52-week low of $26.05 and a 52-week high of $44.72. The business’s fifty day moving average is $44.31 and its 200 day moving average is $40.49. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had revenue of $665.92 million during the quarter, compared to analyst estimates of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. Vista Outdoor’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 earnings per share. On average, equities research analysts anticipate that Vista Outdoor Inc. will post 4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VSTO has been the topic of a number of research reports. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. StockNews.com initiated coverage on shares of Vista Outdoor in a research report on Tuesday, December 17th. They issued a “buy” rating on the stock. Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Thursday, September 19th. Aegis cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $41.20.

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.