Vista Outdoor Inc. (NYSE:VSTO) Position Raised by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 2.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 295,083 shares of the company’s stock after acquiring an additional 7,975 shares during the period. Principal Financial Group Inc. owned 0.51% of Vista Outdoor worth $11,561,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of VSTO. ProShare Advisors LLC increased its position in Vista Outdoor by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 11,658 shares of the company’s stock valued at $382,000 after acquiring an additional 802 shares during the period. Curated Wealth Partners LLC grew its stake in shares of Vista Outdoor by 97.0% in the third quarter. Curated Wealth Partners LLC now owns 52,924 shares of the company’s stock worth $2,074,000 after purchasing an additional 26,054 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Vista Outdoor by 10.3% during the first quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company’s stock valued at $3,003,000 after purchasing an additional 8,521 shares during the period. Marshall Wace LLP raised its stake in shares of Vista Outdoor by 2,197.0% during the second quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock valued at $7,289,000 after purchasing an additional 185,181 shares in the last quarter. Finally, Maverick Capital Ltd. lifted its holdings in Vista Outdoor by 262.0% in the second quarter. Maverick Capital Ltd. now owns 36,554 shares of the company’s stock worth $1,376,000 after purchasing an additional 26,455 shares during the period. Institutional investors and hedge funds own 90.51% of the company’s stock.

Vista Outdoor Price Performance

Shares of NYSE:VSTO opened at $44.11 on Monday. The company has a market capitalization of $2.58 billion, a PE ratio of -245.06 and a beta of 0.79. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. The stock has a fifty day moving average of $42.20 and a 200-day moving average of $38.82. Vista Outdoor Inc. has a one year low of $25.25 and a one year high of $44.48.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. The business had revenue of $665.92 million during the quarter, compared to analyst estimates of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. Vista Outdoor’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. As a group, equities analysts anticipate that Vista Outdoor Inc. will post 4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VSTO has been the topic of a number of recent analyst reports. StockNews.com began coverage on shares of Vista Outdoor in a research report on Friday. They set a “buy” rating on the stock. Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. 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 note on Thursday, September 19th. B. Riley downgraded 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. Finally, Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $41.20.

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.