Arizona State Retirement System Raises Position in Vista Outdoor Inc. (NYSE:VSTO)

Arizona State Retirement System lifted its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,464 shares of the company’s stock after buying an additional 303 shares during the period. Arizona State Retirement System’s holdings in Vista Outdoor were worth $582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kennedy Capital Management LLC lifted its position in shares of Vista Outdoor by 3.7% during the 1st quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock worth $307,000 after purchasing an additional 333 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Vista Outdoor by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company’s stock valued at $982,000 after purchasing an additional 443 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Vista Outdoor by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock valued at $1,103,000 after purchasing an additional 500 shares in the last quarter. American Capital Advisory LLC lifted its holdings in shares of Vista Outdoor by 4.1% in the first quarter. American Capital Advisory LLC now owns 17,776 shares of the company’s stock valued at $583,000 after purchasing an additional 705 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of Vista Outdoor by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 50,890 shares of the company’s stock valued at $1,668,000 after purchasing an additional 725 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.

Vista Outdoor Stock Performance

NYSE:VSTO opened at $40.10 on Tuesday. Vista Outdoor Inc. has a twelve month low of $23.33 and a twelve month high of $41.11. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of -364.55 and a beta of 0.81. 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 firm’s fifty day simple moving average is $38.80 and its 200 day simple moving average is $35.82.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VSTO shares. B. Riley downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research note on Wednesday, August 7th. Lake Street Capital upped their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Roth Mkm upped their price objective on shares of Vista Outdoor from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. StockNews.com assumed coverage on shares of Vista Outdoor in a research note on Thursday, September 12th. They set a “buy” rating on the stock. Finally, Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.20.

Vista Outdoor Company 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.