Bragg Financial Advisors Inc reduced its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 77.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,457 shares of the company’s stock after selling 87,085 shares during the period. Bragg Financial Advisors Inc’s holdings in Vista Outdoor were worth $524,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of Vista Outdoor by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,708 shares of the company’s stock worth $137,000 after buying an additional 141 shares in the last quarter. SG Americas Securities LLC increased its stake in Vista Outdoor by 2.5% in the first quarter. SG Americas Securities LLC now owns 18,336 shares of the company’s stock valued at $378,000 after buying an additional 439 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Vista Outdoor by 0.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 103,101 shares of the company’s stock valued at $3,804,000 after buying an additional 500 shares during the period. Thrivent Financial for Lutherans increased its stake in Vista Outdoor by 5.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,000 shares of the company’s stock valued at $369,000 after buying an additional 560 shares during the period. Finally, First Republic Investment Management Inc. increased its stake in Vista Outdoor by 13.2% in the fourth quarter. First Republic Investment Management Inc. now owns 10,252 shares of the company’s stock valued at $378,000 after buying an additional 1,193 shares during the period. 96.45% of the stock is owned by hedge funds and other institutional investors.
Shares of Vista Outdoor Inc. (NYSE:VSTO) traded up 0.49% during midday trading on Wednesday, reaching $22.61. The company had a trading volume of 186,188 shares. The company’s 50 day moving average price is $22.48 and its 200 day moving average price is $24.42. The stock’s market capitalization is $1.29 billion. Vista Outdoor Inc. has a 52-week low of $18.32 and a 52-week high of $52.08.
Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, May 11th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.15. Vista Outdoor had a negative net margin of 10.78% and a positive return on equity of 7.62%. The business had revenue of $578.80 million during the quarter, compared to analysts’ expectations of $565.19 million. During the same period last year, the business posted $0.63 earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities research analysts expect that Vista Outdoor Inc. will post $1.22 earnings per share for the current year.
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Several analysts recently weighed in on VSTO shares. Off Wall Street started coverage on Vista Outdoor in a report on Wednesday, March 22nd. They issued a “buy” rating and a $29.00 price objective for the company. Cowen and Company reiterated a “market perform” rating and issued a $26.00 target price (up previously from $18.00) on shares of Vista Outdoor in a research note on Wednesday, May 17th. DA Davidson upgraded Vista Outdoor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $29.00 in a research note on Thursday, June 8th. Forward View reiterated a “hold” rating on shares of Vista Outdoor in a research note on Thursday, May 18th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 target price on shares of Vista Outdoor in a research note on Friday, May 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.14.
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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