Trading Report: Today: California Public Employees Retirement System decides to keep it stake in Vista Outdoor Inc. (VSTO) to the level of $4,169,000

Today: California Public Employees Retirement System decides to keep it stake in Vista Outdoor Inc. (VSTO) to the level of $4,169,000

California Public Employees Retirement System lowered its stake in Vista Outdoor Inc. (NYSE:VSTO) by 6.4% during the third quarter, Holdings Channel reports. The institutional investor owned 104,600 shares of the company’s stock after selling 7,200 shares during the period. California Public Employees Retirement System’s holdings in Vista Outdoor were worth $4,169,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in Vista Outdoor by 9.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,233 shares of the company’s stock valued at $107,000 after buying an additional 188 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Vista Outdoor by 36.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,298 shares of the company’s stock valued at $110,000 after buying an additional 611 shares during the last quarter. Glenmede Trust Co. NA increased its position in Vista Outdoor by 4.1% in the second quarter. Glenmede Trust Co. NA now owns 2,440 shares of the company’s stock valued at $116,000 after buying an additional 95 shares during the last quarter. Advisor Group Inc. acquired a new position in Vista Outdoor during the second quarter valued at approximately $119,000. Finally, LS Investment Advisors LLC increased its position in Vista Outdoor by 64.9% in the second quarter. LS Investment Advisors LLC now owns 3,741 shares of the company’s stock valued at $179,000 after buying an additional 1,472 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Vista Outdoor Inc. (NYSE:VSTO) traded down 1.34% during midday trading on Monday, reaching $40.50. The company had a trading volume of 474,993 shares. The firm has a market capitalization of $2.38 billion, a P/E ratio of 13.55 and a beta of 0.32. The stock’s 50 day moving average price is $38.62 and its 200-day moving average price is $43.66. Vista Outdoor Inc. has a one year low of $37.00 and a one year high of $53.91.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Thursday, November 10th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.13. The firm earned $684 million during the quarter, compared to analyst estimates of $660.17 million. Vista Outdoor had a net margin of 7.26% and a return on equity of 9.36%. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 EPS. On average, equities research analysts anticipate that Vista Outdoor Inc. will post $2.67 earnings per share for the current year.

Several equities analysts have commented on the stock. Jefferies Group set a $52.00 target price on shares of Vista Outdoor and gave the stock a “buy” rating in a research report on Saturday, November 19th. Forward View reaffirmed a “buy” rating and issued a $43.00 price target on shares of Vista Outdoor in a research report on Saturday, October 8th. CL King started coverage on Vista Outdoor in a research 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 research report on Monday, August 1st. Finally, Monness Crespi & Hardt downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Friday, August 12th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Vista Outdoor presently has a consensus rating of “Buy” and a consensus target price of $50.70.

About Vista Outdoor

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. Its 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.

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