California State Teachers Retirement System decreased its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 12.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 101,340 shares of the company’s stock after selling 14,989 shares during the period. California State Teachers Retirement System owned 0.18% of Vista Outdoor worth $2,281,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Arizona State Retirement System increased its stake in Vista Outdoor by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 29,800 shares of the company’s stock worth $671,000 after acquiring an additional 100 shares during the last quarter. Suntrust Banks Inc. increased its stake in Vista Outdoor by 1.9% in the 2nd quarter. Suntrust Banks Inc. now owns 13,200 shares of the company’s stock worth $296,000 after acquiring an additional 243 shares during the last quarter. Texas Permanent School Fund increased its stake in Vista Outdoor by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 41,655 shares of the company’s stock worth $938,000 after acquiring an additional 348 shares during the last quarter. Prudential Financial Inc. increased its stake in Vista Outdoor by 0.6% in the 2nd quarter. Prudential Financial Inc. now owns 96,198 shares of the company’s stock worth $2,165,000 after acquiring an additional 564 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in Vista Outdoor by 7.0% in the 2nd quarter. Profund Advisors LLC now owns 10,656 shares of the company’s stock worth $240,000 after acquiring an additional 698 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.
Vista Outdoor Inc. (NYSE:VSTO) opened at $13.32 on Tuesday. The company has a current ratio of 3.03, a quick ratio of 1.63 and a debt-to-equity ratio of 0.86. Vista Outdoor Inc. has a 1 year low of $12.35 and a 1 year high of $41.29. The stock has a market capitalization of $761.26, a P/E ratio of 10.80, a P/E/G ratio of 1.51 and a beta of -0.12.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.07. Vista Outdoor had a positive return on equity of 5.76% and a negative net margin of 19.88%. The business had revenue of $587.00 million for the quarter, compared to analyst estimates of $588.85 million. During the same period last year, the company earned $0.74 EPS. Vista Outdoor’s revenue for the quarter was down 14.2% compared to the same quarter last year. analysts predict that Vista Outdoor Inc. will post 0.55 earnings per share for the current year.
A number of brokerages have weighed in on VSTO. Forward View set a $23.00 target price on Vista Outdoor and gave the stock a “hold” rating in a research note on Sunday, August 13th. BidaskClub upgraded Vista Outdoor from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Zacks Investment Research lowered Vista Outdoor from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Cowen and Company reiterated a “hold” rating and set a $14.50 price objective on shares of Vista Outdoor in a research report on Monday. Finally, KeyCorp reiterated a “hold” rating on shares of Vista Outdoor in a research report on Friday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.40.
About Vista Outdoor
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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