Vista Outdoor Inc. (VSTO) Position Raised by Texas Permanent School Fund
Texas Permanent School Fund increased its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,655 shares of the company’s stock after buying an additional 348 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Vista Outdoor worth $938,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can increased its stake in Vista Outdoor by 2.8% in the second quarter. Great West Life Assurance Co. Can now owns 84,548 shares of the company’s stock valued at $1,902,000 after buying an additional 2,283 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Vista Outdoor by 12.5% in the second quarter. Russell Investments Group Ltd. now owns 41,705 shares of the company’s stock valued at $940,000 after buying an additional 4,648 shares in the last quarter. US Bancorp DE increased its stake 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 valued at $257,000 after buying an additional 1,746 shares in the last quarter. Aperio Group LLC increased its stake in shares of Vista Outdoor by 114.8% in the second quarter. Aperio Group LLC now owns 30,940 shares of the company’s stock valued at $696,000 after buying an additional 16,536 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Vista Outdoor by 12.8% in the second quarter. Nisa Investment Advisors LLC now owns 51,900 shares of the company’s stock valued at $1,181,000 after buying an additional 5,900 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. The stock’s 50 day moving average price is $22.86 and its 200-day moving average price is $21.67. Vista Outdoor Inc. has a 12-month low of $18.32 and a 12-month high of $41.29. The firm’s market cap is $1.32 billion.
Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. The firm had revenue of $569 million during the quarter, compared to the consensus estimate of $552.49 million. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. On average, analysts predict that Vista Outdoor Inc. will post $1.23 earnings per share for the current fiscal year.
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VSTO has been the subject of several research reports. DA Davidson raised Vista Outdoor from a “neutral” rating to a “buy” rating and raised their price target for the company from $23.00 to $29.00 in a report on Thursday, June 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Vista Outdoor in a report on Friday, May 12th. Zacks Investment Research raised Vista Outdoor from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, August 15th. Cowen and Company reaffirmed a “hold” rating and set a $26.00 price target on shares of Vista Outdoor in a report on Tuesday, July 11th. Finally, Forward View set a $23.00 price target on Vista Outdoor and gave the company a “hold” rating in a report on Sunday, August 13th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Vista Outdoor has a consensus rating of “Hold” and an average target price 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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