First Trust Advisors LP Lowers Stake in Vista Outdoor Inc. (VSTO)
First Trust Advisors LP reduced its stake in Vista Outdoor Inc. (NYSE:VSTO) by 32.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 334,806 shares of the company’s stock after selling 158,009 shares during the period. First Trust Advisors LP owned approximately 0.55% of Vista Outdoor worth $13,345,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in Vista Outdoor by 9.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,233 shares of the company’s stock worth $107,000 after buying an additional 188 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Vista Outdoor by 36.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the company’s stock worth $110,000 after buying an additional 611 shares in the last quarter. Glenmede Trust Co. NA increased its stake in Vista Outdoor by 4.1% in the second quarter. Glenmede Trust Co. NA now owns 2,440 shares of the company’s stock worth $116,000 after buying an additional 95 shares in the last quarter. Advisor Group Inc. acquired a new stake in Vista Outdoor during the second quarter worth $119,000. Finally, LS Investment Advisors LLC increased its stake in Vista Outdoor by 64.9% in the second quarter. LS Investment Advisors LLC now owns 3,741 shares of the company’s stock worth $179,000 after buying an additional 1,472 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.
Shares of Vista Outdoor Inc. (NYSE:VSTO) traded down 2.09% during trading on Wednesday, hitting $39.40. 197,578 shares of the stock traded hands. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 13.18 and a beta of 0.32. Vista Outdoor Inc. has a 52-week low of $37.00 and a 52-week high of $53.91. The stock has a 50 day moving average of $38.71 and a 200 day moving average of $43.55.
Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Thursday, November 10th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.13. The firm earned $684 million during the quarter, compared to the consensus estimate of $660.17 million. Vista Outdoor had a return on equity of 9.36% and a net margin of 7.26%. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. Analysts expect that Vista Outdoor Inc. will post $2.67 EPS for the current year.
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A number of research firms have recently weighed in on VSTO. Jefferies Group set a $52.00 target price on shares of Vista Outdoor and gave the stock a “buy” rating in a research report on Saturday, November 19th. Forward View reissued a “buy” rating and set a $43.00 price objective on shares of Vista Outdoor in a research report on Saturday, October 8th. CL King initiated coverage on shares of Vista Outdoor in a research report on Monday, September 19th. They set a “buy” rating and a $45.00 price objective on the stock. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Friday, August 12th. Finally, DA Davidson reissued a “buy” rating and set a $51.00 price objective on shares of Vista Outdoor in a research report on Tuesday, November 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $50.70.
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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