Kendall Capital Management Grows Position in Vista Outdoor Inc. (NYSE:VSTO)

Kendall Capital Management increased its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,913 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. Kendall Capital Management’s holdings in Vista Outdoor were worth $938,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Vista Outdoor by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock worth $163,325,000 after acquiring an additional 54,189 shares during the period. American Century Companies Inc. lifted its stake in Vista Outdoor by 19.2% in the second quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock worth $50,932,000 after acquiring an additional 218,018 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Vista Outdoor by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 815,346 shares of the company’s stock worth $24,110,000 after acquiring an additional 18,442 shares during the period. Black Diamond Capital Management L.L.C. lifted its stake 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 worth $20,560,000 after acquiring an additional 417,050 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Vista Outdoor by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock worth $19,160,000 after acquiring an additional 5,945 shares during the period. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

Vista Outdoor Price Performance

Shares of NYSE:VSTO opened at $39.60 on Thursday. Vista Outdoor Inc. has a 1-year low of $23.33 and a 1-year high of $41.11. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. The business has a fifty day moving average price of $38.86 and a 200-day moving average price of $35.87. The company has a market capitalization of $2.31 billion, a PE ratio of -360.00 and a beta of 0.81.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, beating 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 the consensus estimate of $664.05 million. During the same period last year, the company earned $1.12 earnings per share. The company’s revenue was down 7.1% on a year-over-year basis. As a group, equities analysts expect that Vista Outdoor Inc. will post 3.98 EPS for the current fiscal 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.