State of New Jersey Common Pension Fund D Decreases Position in Vista Outdoor Inc. (VSTO)
State of New Jersey Common Pension Fund D reduced its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 89.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,000 shares of the company’s stock after selling 400,000 shares during the period. State of New Jersey Common Pension Fund D owned about 0.08% of Vista Outdoor worth $1,013,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its position in shares of Vista Outdoor by 2.5% in the first quarter. SG Americas Securities LLC now owns 18,336 shares of the company’s stock worth $378,000 after buying an additional 439 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Vista Outdoor by 3.6% in the first quarter. Public Employees Retirement System of Ohio now owns 30,301 shares of the company’s stock worth $624,000 after buying an additional 1,063 shares in the last quarter. Creative Planning increased its position in shares of Vista Outdoor by 9.7% in the first quarter. Creative Planning now owns 13,998 shares of the company’s stock worth $288,000 after buying an additional 1,242 shares in the last quarter. AMG National Trust Bank increased its position in shares of Vista Outdoor by 12.1% in the first quarter. AMG National Trust Bank now owns 14,975 shares of the company’s stock worth $308,000 after buying an additional 1,621 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Vista Outdoor by 18.1% in the second quarter. US Bancorp DE now owns 11,418 shares of the company’s stock worth $257,000 after buying an additional 1,746 shares in the last quarter. 99.98% of the stock is owned by institutional investors.
Shares of Vista Outdoor Inc. (NYSE:VSTO) opened at 23.15 on Monday. Vista Outdoor Inc. has a 1-year low of $18.32 and a 1-year high of $41.29. The company’s 50-day moving average price is $22.86 and its 200 day moving average price is $21.67. The stock’s market cap is $1.32 billion.
Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The firm had revenue of $569 million during the quarter, compared to analyst estimates of $552.49 million. During the same quarter last year, the firm earned $0.48 EPS. Vista Outdoor’s quarterly revenue was down 9.7% on a year-over-year basis. Equities analysts forecast that Vista Outdoor Inc. will post $1.23 EPS for the current fiscal year.
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A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Vista Outdoor from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Roth Capital set a $20.00 price objective on Vista Outdoor and gave the stock a “hold” rating in a research report on Saturday, May 13th. Forward View reissued a “hold” rating and set a $23.00 price objective on shares of Vista Outdoor in a research report on Sunday. BidaskClub raised Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, DA Davidson raised Vista Outdoor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $23.00 to $29.00 in a research report on Thursday, June 8th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Vista Outdoor presently has a consensus rating of “Hold” and an average price target of $29.86.
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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