Vista Outdoor Inc. (NYSE:VSTO) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its stake in Vista Outdoor Inc. (NYSE:VSTO) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,336 shares of the company’s stock after selling 1,601 shares during the quarter. Inspire Investing LLC’s holdings in Vista Outdoor were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Arizona State Retirement System grew its position in shares of Vista Outdoor by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the company’s stock valued at $582,000 after acquiring an additional 303 shares during the period. Kennedy Capital Management LLC increased its position in shares of Vista Outdoor by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock valued at $307,000 after buying an additional 333 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Vista Outdoor by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company’s stock worth $982,000 after buying an additional 443 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Vista Outdoor by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company’s stock valued at $1,103,000 after buying an additional 500 shares in the last quarter. Finally, American Capital Advisory LLC grew its stake in Vista Outdoor by 4.1% in the 1st quarter. American Capital Advisory LLC now owns 17,776 shares of the company’s stock valued at $583,000 after acquiring an additional 705 shares during the period. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Vista Outdoor in a research report on Friday. They set a “buy” rating for the company. Lake Street Capital upped their price target 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. Roth Mkm cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a report on Thursday, September 19th. Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Finally, Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.20.

Vista Outdoor Price Performance

VSTO stock opened at $39.25 on Tuesday. Vista Outdoor Inc. has a 1 year low of $23.33 and a 1 year high of $41.11. The firm has a market capitalization of $2.29 billion, a PE ratio of -356.82 and a beta of 0.81. 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 50 day simple moving average of $39.03 and a 200-day simple moving average of $36.08.

Vista Outdoor (NYSE:VSTO) last issued its earnings results on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, topping 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 business 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 EPS. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. Equities research analysts anticipate that Vista Outdoor Inc. will post 3.98 earnings per share for the current fiscal 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.