Teacher Retirement System of Texas raised its position in shares of Vista Outdoor Inc. (NYSE:VSTO – Get Rating) by 244.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,253 shares of the company's stock after purchasing an additional 23,610 shares during the quarter. Teacher Retirement System of Texas owned 0.06% of Vista Outdoor worth $809,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in VSTO. CoreCap Advisors LLC purchased a new position in Vista Outdoor during the second quarter valued at approximately $27,000. Banque Cantonale Vaudoise purchased a new position in Vista Outdoor during the third quarter valued at approximately $29,000. JFS Wealth Advisors LLC lifted its holdings in Vista Outdoor by 7,775.0% during the third quarter. JFS Wealth Advisors LLC now owns 1,260 shares of the company's stock valued at $31,000 after purchasing an additional 1,244 shares in the last quarter. Islay Capital Management LLC lifted its holdings in Vista Outdoor by 27.1% during the second quarter. Islay Capital Management LLC now owns 3,280 shares of the company's stock valued at $92,000 after purchasing an additional 700 shares in the last quarter. Finally, Point72 Hong Kong Ltd lifted its holdings in shares of Vista Outdoor by 1,313.0% in the first quarter. Point72 Hong Kong Ltd now owns 2,925 shares of the company's stock worth $104,000 after buying an additional 2,718 shares in the last quarter. Hedge funds and other institutional investors own 85.56% of the company's stock.
Get Vista Outdoor alerts:Vista Outdoor Trading Down 3.2 %
Shares of VSTO opened at $28.15 on Friday. The company's fifty day moving average is $26.56 and its 200 day moving average is $27.35. Vista Outdoor Inc. has a fifty-two week low of $22.97 and a fifty-two week high of $41.20. The stock has a market capitalization of $1.59 billion, a PE ratio of 3.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 2.28.
Vista Outdoor (NYSE:VSTO – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.21. Vista Outdoor had a net margin of 14.13% and a return on equity of 40.10%. The company had revenue of $754.80 million for the quarter, compared to analysts' expectations of $753.72 million. During the same quarter in the previous year, the business posted $2.10 earnings per share. Vista Outdoor's quarterly revenue was down 5.0% on a year-over-year basis. Sell-side analysts expect that Vista Outdoor Inc. will post 6.23 earnings per share for the current fiscal year.Insider Buying and Selling at Vista Outdoor
In other Vista Outdoor news, insider Kelly L. Reisdorf sold 1,356 shares of the business's stock in a transaction on Monday, November 14th. The shares were sold at an average price of $27.69, for a total transaction of $37,547.64. Following the transaction, the insider now owns 13,644 shares in the company, valued at $377,802.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.17% of the company's stock.
Analyst Upgrades and Downgrades
VSTO has been the topic of several research analyst reports. StockNews.com downgraded shares of Vista Outdoor from a "buy" rating to a "hold" rating in a report on Friday, November 4th. B. Riley lowered their target price on shares of Vista Outdoor from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Friday. Lake Street Capital lowered their target price on shares of Vista Outdoor from $45.00 to $35.00 in a report on Friday. Finally, MKM Partners lowered their target price on shares of Vista Outdoor from $54.00 to $51.00 and set a "buy" rating on the stock in a report on Tuesday, October 25th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $41.67.
Vista Outdoor Company Profile
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Vista Outdoor, Inc engages in the design, manufacture, and marketing of consumer products in the outdoor sports and recreation markets. It operates through the following segments: Shooting Sports and Outdoor Products. The Shooting Sports segment is comprised of ammunition and hunting & shooting accessories product lines.
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