Slotnik Capital LLC Takes Position in Vista Outdoor Inc. (NYSE:VSTO)

Slotnik Capital LLC acquired a new position in Vista Outdoor Inc. (NYSE:VSTO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 80,000 shares of the company’s stock, valued at approximately $3,012,000. Vista Outdoor makes up about 1.5% of Slotnik Capital LLC’s investment portfolio, making the stock its 14th biggest holding. Slotnik Capital LLC owned approximately 0.14% of Vista Outdoor as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. purchased a new position in Vista Outdoor during the 2nd quarter valued at about $36,000. Innealta Capital LLC purchased a new position in Vista Outdoor during the second quarter valued at approximately $76,000. Headlands Technologies LLC bought a new position in Vista Outdoor in the second quarter worth approximately $91,000. Priebe Wealth Holdings LLC purchased a new stake in Vista Outdoor during the first quarter worth $203,000. Finally, Purus Wealth Management LLC bought a new stake in Vista Outdoor during the 1st quarter valued at $204,000. 90.51% of the stock is currently owned by hedge funds and other institutional investors.

Vista Outdoor Stock Performance

Shares of Vista Outdoor stock opened at $39.25 on Tuesday. The company has a 50 day moving average price of $39.03 and a 200 day moving average price of $36.08. The firm has a market capitalization of $2.29 billion, a P/E ratio of -356.82 and a beta of 0.81. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53. Vista Outdoor Inc. has a 52 week low of $23.33 and a 52 week high of $41.11.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data 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 negative net margin of 0.24% and a positive return on equity of 19.18%. The business had revenue of $644.18 million during the quarter, compared to the consensus estimate of $664.05 million. During the same period in the previous year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. Sell-side analysts expect that Vista Outdoor Inc. will post 3.98 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a research report on Thursday, September 19th. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. StockNews.com initiated coverage on shares of Vista Outdoor in a report on Friday. They issued a “buy” rating on the stock. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Wednesday, August 7th. Finally, Roth Capital downgraded shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vista Outdoor has a consensus rating of “Moderate Buy” and an average target price 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.