New York State Teachers Retirement System raised its stake in Vista Outdoor Inc. (NYSE:VSTO) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,628 shares of the company’s stock after buying an additional 5,700 shares during the period. New York State Teachers Retirement System’s holdings in Vista Outdoor were worth $3,992,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Geode Capital Management LLC increased its position in Vista Outdoor by 2.3% in the first quarter. Geode Capital Management LLC now owns 384,764 shares of the company’s stock valued at $19,973,000 after buying an additional 8,620 shares during the last quarter. Capstone Asset Management Co. increased its position in Vista Outdoor by 20.2% in the second quarter. Capstone Asset Management Co. now owns 8,086 shares of the company’s stock valued at $386,000 after buying an additional 1,360 shares during the last quarter. State Street Corp increased its position in Vista Outdoor by 0.4% in the first quarter. State Street Corp now owns 1,521,918 shares of the company’s stock valued at $79,002,000 after buying an additional 6,063 shares during the last quarter. Bayesian Capital Management LP purchased a new position in Vista Outdoor during the first quarter valued at approximately $420,000. Finally, Nisa Investment Advisors LLC increased its position in Vista Outdoor by 11.3% in the second quarter. Nisa Investment Advisors LLC now owns 24,700 shares of the company’s stock valued at $1,179,000 after buying an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 93.55% of the company’s stock.
Vista Outdoor Inc. (NYSE:VSTO) traded down 1.40% during mid-day trading on Friday, hitting $37.32. The stock had a trading volume of 858,928 shares. The firm has a 50-day moving average of $39.20 and a 200-day moving average of $46.24. Vista Outdoor Inc. has a 52-week low of $37.15 and a 52-week high of $53.91. The stock has a market cap of $2.25 billion, a P/E ratio of 16.20 and a beta of 0.30.
Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Thursday, August 11th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by $0.21. Vista Outdoor had a return on equity of 9.13% and a net margin of 5.96%. The firm had revenue of $630.30 million for the quarter, compared to analyst estimates of $669.04 million. During the same quarter last year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, analysts forecast that Vista Outdoor Inc. will post $2.65 EPS for the current fiscal year.
Several research analysts have commented on the company. Zacks Investment Research upgraded Vista Outdoor from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Tuesday, August 9th. CL King started coverage on Vista Outdoor in a report on Monday, September 19th. They issued a “buy” rating and a $45.00 price target on the stock. Roth Capital set a $57.00 price target on Vista Outdoor and gave the company a “buy” rating in a report on Monday, August 1st. Jefferies Group reiterated a “buy” rating on shares of Vista Outdoor in a report on Monday, July 11th. Finally, KeyCorp upgraded Vista Outdoor from a “sector weight” rating to an “overweight” rating and set a $48.00 price target on the stock in a report on Tuesday, August 30th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $53.38.
Vista Outdoor Company Profile
Vista Outdoor Inc is a designer, manufacturer and marketer of consumer products in the outdoor sports and recreation markets. The Company operates through two segments: Shooting Sports and Outdoor Products. The Company’s Shooting Sports segment designs, develops, produces and sources ammunition and firearms for the hunting and sport shooting enthusiast markets, as well as ammunition for local law enforcement, the United States Government and international markets.