The Manufacturers Life Insurance Company boosted its position in Vista Outdoor Inc. (NYSE:VSTO) by 2,577.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,132 shares of the company’s stock after purchasing an additional 42,484 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of Vista Outdoor worth $993,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of VSTO. Sphera Funds Management LTD. bought a new stake in Vista Outdoor in the 2nd quarter valued at about $135,000. Profund Advisors LLC lifted its position in Vista Outdoor by 7.0% in the 2nd quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock valued at $240,000 after purchasing an additional 698 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Vista Outdoor by 78.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,263 shares of the company’s stock valued at $253,000 after purchasing an additional 4,963 shares during the last quarter. US Bancorp DE lifted its position in Vista Outdoor by 18.1% in the 2nd quarter. US Bancorp DE now owns 11,418 shares of the company’s stock valued at $257,000 after purchasing an additional 1,746 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its position in Vista Outdoor by 1.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,200 shares of the company’s stock valued at $296,000 after purchasing an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.
Shares of Vista Outdoor Inc. (NYSE VSTO) opened at $13.32 on Tuesday. Vista Outdoor Inc. has a 52-week low of $12.35 and a 52-week high of $41.29. The company has a market cap of $761.26, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.51 and a beta of -0.12. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.63 and a current ratio of 3.03.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The company had revenue of $587.00 million for the quarter, compared to analysts’ expectations of $588.85 million. Vista Outdoor had a negative net margin of 19.88% and a positive return on equity of 5.76%. The business’s revenue was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. sell-side analysts anticipate that Vista Outdoor Inc. will post 0.55 earnings per share for the current fiscal year.
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Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Vista Outdoor from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Aegis restated a “hold” rating and set a $26.00 price target on shares of Vista Outdoor in a research report on Monday, August 21st. Forward View downgraded shares of Vista Outdoor to a “sell” rating and set a $12.00 price target on the stock. in a research report on Monday. Cowen and Company restated a “hold” rating and set a $14.50 price target on shares of Vista Outdoor in a research report on Monday. Finally, BidaskClub upgraded shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $23.40.
About Vista Outdoor
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. Its Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.
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