Vista Outdoor Inc. (NYSE:VSTO) Shares Sold by Quest Partners LLC

Quest Partners LLC lessened its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 50.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,929 shares of the company’s stock after selling 6,098 shares during the period. Quest Partners LLC’s holdings in Vista Outdoor were worth $232,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Natixis Advisors LLC boosted its stake in Vista Outdoor by 3.6% during the third quarter. Natixis Advisors LLC now owns 11,369 shares of the company’s stock worth $445,000 after buying an additional 394 shares during the period. Empowered Funds LLC lifted its holdings in shares of Vista Outdoor by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 266,421 shares of the company’s stock worth $10,438,000 after acquiring an additional 13,534 shares during the last quarter. Towerview LLC purchased a new position in shares of Vista Outdoor during the 3rd quarter worth approximately $294,000. Victory Capital Management Inc. increased its holdings in Vista Outdoor by 67.5% in the 3rd quarter. Victory Capital Management Inc. now owns 81,884 shares of the company’s stock valued at $3,208,000 after purchasing an additional 32,991 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Vista Outdoor by 2.8% in the third quarter. Principal Financial Group Inc. now owns 295,083 shares of the company’s stock valued at $11,561,000 after purchasing an additional 7,975 shares during the period. 90.51% of the stock is owned by institutional investors and hedge funds.

Vista Outdoor Stock Performance

Shares of VSTO opened at $44.63 on Wednesday. Vista Outdoor Inc. has a 1 year low of $26.05 and a 1 year high of $44.72. The stock has a market capitalization of $2.61 billion, a PE ratio of -248.06 and a beta of 0.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. The stock has a 50-day simple moving average of $42.80 and a 200-day simple moving average of $39.18.

Vista Outdoor (NYSE:VSTO) last issued its earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The firm had revenue of $665.92 million for the quarter, compared to analysts’ expectations of $666.72 million. During the same quarter last year, the company earned $0.96 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, analysts predict that Vista Outdoor Inc. will post 4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VSTO has been the subject of several research analyst reports. Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Roth Mkm downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research report on Thursday, September 19th. StockNews.com initiated coverage on shares of Vista Outdoor in a research report on Saturday. They set a “buy” rating on the stock. Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Finally, Aegis downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.20.

Vista Outdoor Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.