Rhumbline Advisers Has $6.06 Million Position in Vista Outdoor Inc. (NYSE:VSTO)

Rhumbline Advisers reduced its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,814 shares of the company’s stock after selling 349 shares during the period. Rhumbline Advisers owned approximately 0.28% of Vista Outdoor worth $6,055,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC acquired a new stake in Vista Outdoor in the second quarter valued at $413,000. Innealta Capital LLC purchased a new stake in shares of Vista Outdoor in the second quarter worth approximately $76,000. Ameritas Advisory Services LLC bought a new stake in shares of Vista Outdoor in the 2nd quarter worth $223,000. Bank of New York Mellon Corp increased 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 valued at $19,160,000 after acquiring an additional 5,945 shares during the last quarter. Finally, Highland Capital Management LLC bought a new position in Vista Outdoor during the second quarter valued at about $214,000. Institutional investors own 90.51% of the company’s stock.

Wall Street Analyst Weigh In

VSTO has been the topic of a number of analyst reports. B. Riley cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a report on Wednesday, August 7th. StockNews.com started coverage on Vista Outdoor in a research note on Thursday. They set a “buy” rating on the stock. Lake Street Capital lifted their price target on shares of 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 lifted their target price on Vista Outdoor from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Finally, Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.20.

Vista Outdoor Stock Performance

NYSE:VSTO opened at $39.87 on Friday. 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 stock’s 50 day simple moving average is $38.75 and its two-hundred day simple moving average is $35.72. The company has a market cap of $2.33 billion, a price-to-earnings ratio of -362.45 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, topping 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 for the quarter, compared to the consensus estimate of $664.05 million. During the same period in the prior year, the business posted $1.12 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, equities 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.