Great West Life Assurance Co. Can Acquires 2,283 Shares of Vista Outdoor Inc. (VSTO)
Great West Life Assurance Co. Can raised its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,548 shares of the company’s stock after buying an additional 2,283 shares during the period. Great West Life Assurance Co. Can owned 0.15% of Vista Outdoor worth $1,902,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue purchased a new stake in shares of Vista Outdoor during the first quarter worth approximately $129,000. Segantii Capital Management Ltd purchased a new stake in shares of Vista Outdoor during the first quarter worth approximately $164,000. Neuburgh Advisers LLC increased its stake in shares of Vista Outdoor by 405.6% in the first quarter. Neuburgh Advisers LLC now owns 8,736 shares of the company’s stock worth $180,000 after buying an additional 7,008 shares during the period. First Mercantile Trust Co. purchased a new stake in shares of Vista Outdoor during the first quarter worth approximately $185,000. Finally, US Bancorp DE increased its stake in shares of Vista Outdoor by 26.9% in the first quarter. US Bancorp DE now owns 9,672 shares of the company’s stock worth $199,000 after buying an additional 2,052 shares during the period. Hedge funds and other institutional investors own 99.98% of the company’s stock.
Shares of Vista Outdoor Inc. (VSTO) opened at 22.29 on Monday. The firm’s market capitalization is $1.27 billion. The company has a 50 day moving average of $22.82 and a 200 day moving average of $21.50. Vista Outdoor Inc. has a 52-week low of $18.32 and a 52-week high of $41.29.
Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, August 10th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.11. The business had revenue of $569 million for the quarter, compared to analyst estimates of $552.49 million. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. The firm’s revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS. On average, analysts anticipate that Vista Outdoor Inc. will post $1.24 earnings per share for the current fiscal year.
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Several equities research analysts recently issued reports on VSTO shares. Zacks Investment Research raised shares of Vista Outdoor from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, August 15th. Roth Capital set a $20.00 target price on shares of Vista Outdoor and gave the stock a “hold” rating in a research report on Saturday, May 13th. Aegis reissued a “hold” rating and issued a $26.00 target price on shares of Vista Outdoor in a research report on Monday, August 21st. BidaskClub raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, DA Davidson raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $23.00 to $29.00 in a research report on Thursday, June 8th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Vista Outdoor presently has a consensus rating of “Hold” and an average target price of $29.54.
Vista Outdoor Company Profile
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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