Rockefeller Capital Management L.P. grew its stake in Vista Outdoor Inc. (NYSE:VSTO – Get Rating) by 302.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,859 shares of the company's stock after purchasing an additional 4,402 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Vista Outdoor were worth $142,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Empirical Finance LLC acquired a new stake in Vista Outdoor during the 2nd quarter worth $361,000. PDT Partners LLC acquired a new stake in Vista Outdoor during the 2nd quarter worth $892,000. AlphaCrest Capital Management LLC acquired a new stake in Vista Outdoor during the 2nd quarter worth $2,488,000. Louisiana State Employees Retirement System acquired a new stake in Vista Outdoor during the 3rd quarter worth $657,000. Finally, Pacer Advisors Inc. raised its stake in Vista Outdoor by 78.2% during the 3rd quarter. Pacer Advisors Inc. now owns 643,639 shares of the company's stock worth $15,653,000 after buying an additional 282,543 shares during the period. Institutional investors and hedge funds own 85.56% of the company's stock.
Get Vista Outdoor alerts:Insider Activity
In other news, insider Kelly L. Reisdorf sold 1,356 shares of the firm's stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $27.69, for a total value of $37,547.64. Following the completion of the transaction, the insider now owns 13,644 shares in the company, valued at approximately $377,802.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.17% of the stock is owned by corporate insiders.
Vista Outdoor Stock Performance
VSTO opened at $28.15 on Friday. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 3.65 and a beta of 0.91. The business's 50-day moving average price is $26.56 and its two-hundred day moving average price is $27.35. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.28 and a quick ratio of 1.00. Vista Outdoor Inc. has a 1 year low of $22.97 and a 1 year high of $41.20.Vista Outdoor (NYSE:VSTO – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.21. The company had revenue of $754.80 million during the quarter, compared to analysts' expectations of $753.72 million. Vista Outdoor had a return on equity of 40.10% and a net margin of 14.13%. Vista Outdoor's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.10 EPS. Equities analysts expect that Vista Outdoor Inc. will post 6.23 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently commented on the company. MKM Partners dropped their price objective on Vista Outdoor from $54.00 to $51.00 and set a "buy" rating on the stock in a research note on Tuesday, October 25th. B. Riley dropped their price target on Vista Outdoor from $45.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday. Lake Street Capital dropped their price target on Vista Outdoor from $45.00 to $35.00 in a research note on Friday. Finally, StockNews.com downgraded Vista Outdoor from a "buy" rating to a "hold" rating in a research note on Friday, November 4th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $41.67.
About Vista Outdoor
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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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