Walthausen & Co. LLC trimmed its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO) by 30.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 389,810 shares of the company’s stock after selling 168,810 shares during the quarter. Walthausen & Co. LLC owned approximately 0.68% of Vista Outdoor worth $8,775,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in VSTO. BlackRock Inc. raised its stake in shares of Vista Outdoor by 16,839.6% during the 1st quarter. BlackRock Inc. now owns 5,667,641 shares of the company’s stock worth $116,698,000 after buying an additional 5,634,183 shares during the period. FMR LLC increased its position in shares of Vista Outdoor by 70.0% during the second quarter. FMR LLC now owns 6,894,441 shares of the company’s stock worth $155,194,000 after purchasing an additional 2,838,686 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Vista Outdoor by 41.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,563,879 shares of the company’s stock worth $80,224,000 after purchasing an additional 1,041,884 shares in the last quarter. Southpoint Capital Advisors LP purchased a new stake in shares of Vista Outdoor during the second quarter worth approximately $21,423,000. Finally, First Eagle Investment Management LLC increased its position in shares of Vista Outdoor by 18.2% during the second quarter. First Eagle Investment Management LLC now owns 5,523,517 shares of the company’s stock worth $124,334,000 after purchasing an additional 852,195 shares in the last quarter.
VSTO has been the subject of several research reports. Zacks Investment Research upgraded Vista Outdoor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub cut Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Saturday, September 2nd. Cowen and Company reiterated a “hold” rating and set a $26.00 price target on shares of Vista Outdoor in a research report on Tuesday, July 11th. Roth Capital set a $21.00 price target on Vista Outdoor and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $28.00 price target on shares of Vista Outdoor in a research report on Friday, July 14th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $28.23.
Shares of Vista Outdoor Inc. (NYSE:VSTO) traded down 1.75% during mid-day trading on Wednesday, reaching $20.82. The company’s stock had a trading volume of 176,367 shares. The firm’s market capitalization is $1.19 billion. Vista Outdoor Inc. has a 1-year low of $18.32 and a 1-year high of $41.29. The company’s 50-day moving average is $22.37 and its 200 day moving average is $22.37.
Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.11. The company had revenue of $569.00 million during the quarter, compared to the consensus estimate of $552.49 million. Vista Outdoor had a positive return on equity of 7.02% and a negative net margin of 11.55%. Vista Outdoor’s revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. On average, analysts expect that Vista Outdoor Inc. will post $1.24 earnings per share for the current year.
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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