Rhumbline Advisers Raises Stake in Vista Outdoor Inc (NYSE:VSTO)

Rhumbline Advisers boosted its holdings in shares of Vista Outdoor Inc (NYSE:VSTO) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,207 shares of the company’s stock after buying an additional 1,294 shares during the quarter. Rhumbline Advisers owned 0.25% of Vista Outdoor worth $1,147,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in shares of Vista Outdoor by 40.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,124 shares of the company’s stock valued at $58,000 after purchasing an additional 1,488 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Vista Outdoor by 112.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 13,229 shares of the company’s stock valued at $106,000 after purchasing an additional 6,991 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Vista Outdoor in the 4th quarter valued at $153,000. Hsbc Holdings PLC raised its holdings in shares of Vista Outdoor by 62.6% in the 4th quarter. Hsbc Holdings PLC now owns 16,498 shares of the company’s stock valued at $188,000 after purchasing an additional 6,352 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Vista Outdoor in the 4th quarter valued at $189,000. Institutional investors own 94.25% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Cowen restated a “hold” rating and issued a $12.00 price objective on shares of Vista Outdoor in a report on Thursday, May 9th. Zacks Investment Research lowered shares of Vista Outdoor from a “hold” rating to a “strong sell” rating in a report on Thursday, May 16th. B. Riley set a $13.00 price objective on shares of Vista Outdoor and gave the company a “buy” rating in a report on Thursday, June 20th. ValuEngine raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Finally, Monness Crespi & Hardt raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.60.

Vista Outdoor stock traded up $0.06 during midday trading on Monday, hitting $8.94. 356,500 shares of the company’s stock were exchanged, compared to its average volume of 539,022. Vista Outdoor Inc has a 12-month low of $7.47 and a 12-month high of $19.41. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.88 and a current ratio of 2.96. The stock has a market cap of $512.60 million, a PE ratio of 63.86 and a beta of 0.36. The business has a 50 day moving average price of $8.62.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.12). Vista Outdoor had a positive return on equity of 0.89% and a negative net margin of 31.50%. The business had revenue of $515.34 million for the quarter, compared to analysts’ expectations of $503.17 million. During the same period in the previous year, the business posted ($0.22) earnings per share. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. Research analysts anticipate that Vista Outdoor Inc will post 0.3 earnings per share for the current fiscal year.

Vista Outdoor Profile

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.

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Institutional Ownership by Quarter for Vista Outdoor (NYSE:VSTO)

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