Resolute Capital Asset Partners LLC Invests $1.13 Million in Vista Outdoor Inc. (NYSE:VSTO)

Resolute Capital Asset Partners LLC purchased a new stake in shares of Vista Outdoor Inc. (NYSE:VSTO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,000 shares of the company’s stock, valued at approximately $1,130,000. Resolute Capital Asset Partners LLC owned about 0.05% of Vista Outdoor as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Vista Outdoor by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock valued at $163,325,000 after buying an additional 54,189 shares in the last quarter. American Century Companies Inc. increased its position in Vista Outdoor by 19.2% in the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after acquiring an additional 218,018 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of 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 last quarter. Black Diamond Capital Management L.L.C. lifted its position in shares of Vista Outdoor by 149.9% during 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 purchasing an additional 417,050 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Vista Outdoor by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 508,904 shares of the company’s stock worth $19,160,000 after purchasing an additional 5,945 shares in the last quarter. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Vista Outdoor Trading Down 1.4 %

NYSE VSTO opened at $39.60 on Thursday. Vista Outdoor Inc. has a 12 month low of $23.33 and a 12 month high of $41.11. The stock has a 50-day simple moving average of $38.92 and a 200 day simple moving average of $35.90. 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 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 announced its quarterly earnings results on Monday, August 5th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $644.18 million during the quarter, compared to analysts’ expectations of $664.05 million. During the same period in the prior year, the business posted $1.12 EPS. Vista Outdoor’s revenue was down 7.1% on a year-over-year basis. Research analysts forecast that Vista Outdoor Inc. will post 3.98 EPS for the current year.

About Vista Outdoor

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.