Victory Capital Management Inc. Buys 32,991 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Victory Capital Management Inc. boosted its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO) by 67.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,884 shares of the company’s stock after acquiring an additional 32,991 shares during the period. Victory Capital Management Inc. owned about 0.14% of Vista Outdoor worth $3,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new stake in shares of Vista Outdoor in the 2nd quarter valued at about $36,000. Sound Income Strategies LLC purchased a new position in shares of Vista Outdoor in the 3rd quarter valued at approximately $41,000. Innealta Capital LLC purchased a new position in Vista Outdoor during the 2nd quarter worth approximately $76,000. Headlands Technologies LLC purchased a new position in Vista Outdoor during the 2nd quarter worth approximately $91,000. Finally, Priebe Wealth Holdings LLC purchased a new position in Vista Outdoor during the 3rd quarter worth approximately $204,000. 90.51% of the stock is currently owned by institutional investors.

Vista Outdoor Stock Up 0.4 %

Shares of VSTO opened at $44.42 on Friday. The firm has a market cap of $2.60 billion, a P/E ratio of -246.78 and a beta of 0.79. Vista Outdoor Inc. has a 12-month low of $26.05 and a 12-month high of $44.48. The company’s 50-day moving average price is $42.71 and its 200 day moving average price is $39.10. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. The company had revenue of $665.92 million for the quarter, compared to analyst estimates of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. On average, sell-side analysts forecast that Vista Outdoor Inc. will post 4 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on VSTO. B. Riley lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a report on Wednesday, August 7th. StockNews.com began coverage on shares of Vista Outdoor in a research note on Saturday. They set a “buy” rating on the stock. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Finally, Aegis lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.