Franklin Resources Inc. Acquires 1,265 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Franklin Resources Inc. boosted its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,425 shares of the company’s stock after buying an additional 1,265 shares during the period. Franklin Resources Inc.’s holdings in Vista Outdoor were worth $918,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new position in Vista Outdoor during the 3rd quarter valued at $41,000. Headlands Technologies LLC acquired a new position in shares of Vista Outdoor during the second quarter valued at about $91,000. Blue Trust Inc. raised its position in shares of Vista Outdoor by 214.2% during the third quarter. Blue Trust Inc. now owns 3,010 shares of the company’s stock valued at $113,000 after buying an additional 2,052 shares during the last quarter. Priebe Wealth Holdings LLC acquired a new stake in Vista Outdoor during the third quarter worth about $204,000. Finally, World Equity Group Inc. bought a new position in Vista Outdoor during the third quarter valued at about $206,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Vista Outdoor Stock Performance

Shares of VSTO stock opened at $44.63 on Friday. The company has a market capitalization of $2.61 billion, a P/E ratio of -247.94 and a beta of 0.79. Vista Outdoor Inc. has a 12-month low of $26.05 and a 12-month high of $44.72. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $44.36 and a 200 day moving average price of $40.78.

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

Analyst Ratings Changes

A number of analysts have commented on VSTO shares. StockNews.com assumed coverage on Vista Outdoor in a research report on Wednesday. They issued a “buy” rating for the company. Roth Mkm downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research note on Thursday, September 19th. Aegis cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Monness Crespi & Hardt lowered shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Finally, Roth Capital lowered shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.20.

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.