Prudential Financial Inc. boosted its holdings in Vista Outdoor Inc. (NYSE:VSTO – Get Rating) by 37.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,797 shares of the company's stock after purchasing an additional 36,717 shares during the quarter. Prudential Financial Inc. owned approximately 0.24% of Vista Outdoor worth $3,254,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new position in Vista Outdoor in the second quarter valued at $27,000. Banque Cantonale Vaudoise acquired a new stake in Vista Outdoor during the third quarter worth about $29,000. JFS Wealth Advisors LLC increased its stake 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 worth $31,000 after acquiring an additional 1,244 shares during the last quarter. Islay Capital Management LLC increased its stake in Vista Outdoor by 27.1% during the second quarter. Islay Capital Management LLC now owns 3,280 shares of the company's stock worth $92,000 after acquiring an additional 700 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its stake in Vista Outdoor by 1,313.0% during the first quarter. Point72 Hong Kong Ltd now owns 2,925 shares of the company's stock worth $104,000 after acquiring an additional 2,718 shares during the last quarter. 85.56% of the stock is currently owned by institutional investors and hedge funds.
Get Vista Outdoor alerts:Vista Outdoor Price Performance
Shares of NYSE VSTO opened at $28.15 on Friday. Vista Outdoor Inc. has a 1-year low of $22.97 and a 1-year high of $41.20. The business has a 50-day moving average of $26.56 and a 200-day moving average of $27.35. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.39 and a quick ratio of 1.00. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 4.12 and a beta of 0.91.
Vista Outdoor (NYSE:VSTO – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.21. The firm had revenue of $754.80 million during the quarter, compared to the consensus estimate of $753.72 million. Vista Outdoor had a return on equity of 33.27% and a net margin of 12.63%. Vista Outdoor's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.10 earnings per share. On average, equities analysts anticipate that Vista Outdoor Inc. will post 6.23 EPS for the current fiscal year.Insider Activity at Vista Outdoor
In related news, insider Kelly L. Reisdorf sold 1,356 shares of the 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 of the company's stock, valued at $377,802.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.17% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. MKM Partners dropped their price target on Vista Outdoor from $54.00 to $51.00 and set a "buy" rating for the company 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 for the company in a research note on Friday. Lake Street Capital decreased their target price on Vista Outdoor from $45.00 to $35.00 in a research report on Friday. Finally, StockNews.com downgraded Vista Outdoor from a "buy" rating to a "hold" rating in a research report on Friday, November 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $41.67.
Vista Outdoor 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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