Natixis Advisors LLC Increases Stock Position in Vista Outdoor Inc. (NYSE:VSTO)

Natixis Advisors LLC raised its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,369 shares of the company’s stock after purchasing an additional 394 shares during the period. Natixis Advisors LLC’s holdings in Vista Outdoor were worth $445,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. acquired a new stake in shares of Vista Outdoor in the 2nd quarter worth about $36,000. Sound Income Strategies LLC acquired a new stake in shares of Vista Outdoor in the third quarter worth $41,000. Innealta Capital LLC acquired a new stake in Vista Outdoor during the second quarter valued at $76,000. Headlands Technologies LLC acquired a new stake in Vista Outdoor during the second quarter valued at $91,000. Finally, Priebe Wealth Holdings LLC bought a new position in Vista Outdoor during the third quarter valued at about $204,000. Institutional investors and hedge funds own 90.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VSTO. B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research note on Wednesday, August 7th. Monness Crespi & Hardt cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. StockNews.com initiated coverage on shares of Vista Outdoor in a research report on Saturday, November 23rd. They issued a “buy” rating for the company. Finally, Roth Mkm lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research note on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Price Performance

Vista Outdoor stock opened at $44.63 on Friday. 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 market cap of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. Vista Outdoor Inc. has a fifty-two week low of $26.05 and a fifty-two week high of $44.72. The firm’s 50-day simple moving average is $42.99 and its 200 day simple moving average is $39.28.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Research analysts predict that Vista Outdoor Inc. will post 4 EPS for the current fiscal year.

Vista Outdoor Company 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.