Financial Partners Capital Management LLC boosted its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 27.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,075 shares of the company’s stock after purchasing an additional 4,050 shares during the period. Financial Partners Capital Management LLC’s holdings in Vista Outdoor were worth $429,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Arizona State Retirement System grew 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 in the last quarter. Suntrust Banks Inc. grew 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 in the last quarter. Texas Permanent School Fund grew 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 in the last quarter. SG Americas Securities LLC grew its stake in Vista Outdoor by 2.5% in the 1st quarter. SG Americas Securities LLC now owns 18,336 shares of the company’s stock worth $378,000 after acquiring an additional 439 shares in the last quarter. Finally, Prudential Financial Inc. grew 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 in the last quarter.
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Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. The firm had revenue of $569.00 million during the quarter, compared to analysts’ expectations of $552.49 million. Vista Outdoor had a negative net margin of 11.55% and a positive return on equity of 7.02%. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share. On average, equities analysts predict that Vista Outdoor Inc. will post $1.24 earnings per share for the current fiscal year.
A number of equities analysts have commented on VSTO shares. Zacks Investment Research upgraded shares of Vista Outdoor from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub downgraded shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research note on Saturday, September 2nd. Cowen and Company restated a “hold” rating and issued a $26.00 target price on shares of Vista Outdoor in a research note on Tuesday, July 11th. Roth Capital set a $21.00 target price on shares of Vista Outdoor and gave the stock a “hold” rating in a research note on Friday. Finally, Jefferies Group LLC restated a “buy” rating and issued a $28.00 target price on shares of Vista Outdoor in a research note on Friday, July 14th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.23.
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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