Vista Outdoor Inc. (NYSE:VSTO) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 12.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,257 shares of the company’s stock after selling 1,125 shares during the period. Commonwealth Equity Services LLC’s holdings in Vista Outdoor were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Blue Trust Inc. acquired a new position in Vista Outdoor during the 2nd quarter worth $36,000. Innealta Capital LLC acquired a new stake in Vista Outdoor in the second quarter valued at approximately $76,000. Highland Capital Management LLC purchased a new position in Vista Outdoor in the second quarter worth approximately $214,000. Ameritas Advisory Services LLC acquired a new position in Vista Outdoor during the 2nd quarter worth approximately $223,000. Finally, Priebe Wealth Holdings LLC purchased a new stake in shares of Vista Outdoor in the 1st quarter valued at approximately $203,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VSTO. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Roth Mkm downgraded 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. StockNews.com assumed coverage on Vista Outdoor in a research note on Friday. They set a “buy” rating for the company. Lake Street Capital increased their price target on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, July 15th. Finally, B. Riley downgraded 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 report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.20.

Vista Outdoor Price Performance

VSTO stock opened at $39.25 on Tuesday. 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 $2.29 billion, a P/E ratio of -356.82 and a beta of 0.81. The business has a 50 day simple moving average of $39.03 and a 200-day simple moving average of $36.08. Vista Outdoor Inc. has a twelve month low of $23.33 and a twelve month high of $41.11.

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

Vista Outdoor 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.