TD Asset Management Inc Trims Holdings in Vista Outdoor Inc. (NYSE:VSTO)

TD Asset Management Inc decreased its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 28.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,500 shares of the company’s stock after selling 4,100 shares during the quarter. TD Asset Management Inc’s holdings in Vista Outdoor were worth $395,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Vista Outdoor by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock worth $163,325,000 after buying an additional 54,189 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Vista Outdoor by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,161,469 shares of the company’s stock worth $123,056,000 after buying an additional 21,733 shares in the last quarter. Brown Advisory Inc. lifted its position in Vista Outdoor by 14.2% during the fourth quarter. Brown Advisory Inc. now owns 1,318,975 shares of the company’s stock worth $39,002,000 after buying an additional 164,385 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Vista Outdoor by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 815,346 shares of the company’s stock worth $24,110,000 after buying an additional 18,442 shares in the last quarter. Finally, Black Diamond Capital Management L.L.C. raised its position in Vista Outdoor by 149.9% in the fourth quarter. Black Diamond Capital Management L.L.C. now owns 695,303 shares of the company’s stock valued at $20,560,000 after purchasing an additional 417,050 shares during the period. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Analyst Upgrades and Downgrades

VSTO has been the topic of a number of research analyst reports. Aegis upgraded Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. B. Riley downgraded Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research report on Wednesday, August 7th. Roth Mkm lifted their target price on Vista Outdoor from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. StockNews.com initiated coverage on Vista Outdoor in a research report on Thursday. They issued a “buy” rating on the stock. Finally, Lake Street Capital lifted their target price on Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Vista Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $41.20.

Vista Outdoor Trading Down 0.7 %

Shares of NYSE VSTO opened at $39.87 on Monday. Vista Outdoor Inc. has a twelve month low of $23.33 and a twelve month high of $41.11. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $38.75 and a 200-day simple moving average of $35.76. The stock has a market capitalization of $2.33 billion, a PE ratio of -362.45 and a beta of 0.81.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Monday, August 5th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The firm had revenue of $644.18 million during the quarter, compared to analysts’ expectations of $664.05 million. During the same period in the previous year, the firm posted $1.12 EPS. Vista Outdoor’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, equities analysts forecast that Vista Outdoor Inc. will post 3.98 earnings per share for the current year.

Vista Outdoor Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.