First Trust Advisors LP acquired a new position in shares of Vista Outdoor Inc. (NYSE:VSTO) during the fourth quarter, Holdings Channel reports. The fund acquired 141,445 shares of the company’s stock, valued at approximately $3,361,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Black Swift Group LLC acquired a new stake in Vista Outdoor in the 4th quarter valued at $119,000. AJO LP bought a new position in shares of Vista Outdoor in the third quarter valued at $151,000. Nisa Investment Advisors LLC grew its holdings in shares of Vista Outdoor by 28.6% during the third quarter. Nisa Investment Advisors LLC now owns 8,100 shares of the company’s stock valued at $163,000 after buying an additional 1,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Vista Outdoor by 99.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,232 shares of the company’s stock worth $166,000 after acquiring an additional 4,105 shares in the last quarter. Finally, Nkcfo LLC acquired a new stake in shares of Vista Outdoor in the 4th quarter worth about $166,000. Institutional investors own 89.59% of the company’s stock.
In other news, insider Jason R. Vanderbrink sold 15,498 shares of the business’s stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $33.80, for a total value of $523,832.40. Following the sale, the insider now owns 91,657 shares of the company’s stock, valued at $3,098,006.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher T. Metz sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 27th. The stock was sold at an average price of $21.00, for a total transaction of $315,000.00. Following the completion of the transaction, the chief executive officer now directly owns 564,336 shares of the company’s stock, valued at $11,851,056. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, February 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.37. Vista Outdoor had a positive return on equity of 9.19% and a negative net margin of 5.52%. The business had revenue of $574.70 million during the quarter, compared to the consensus estimate of $525.94 million. During the same period last year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. Equities analysts expect that Vista Outdoor Inc. will post 1.97 EPS for the current fiscal year.
A number of brokerages have commented on VSTO. KeyCorp boosted their price objective on Vista Outdoor from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, February 5th. Wedbush initiated coverage on Vista Outdoor in a research report on Thursday, January 21st. They issued an “outperform” rating and a $36.00 price target for the company. Lake Street Capital raised their price objective on Vista Outdoor from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, February 5th. Cowen reiterated a “buy” rating and issued a $33.00 target price on shares of Vista Outdoor in a research note on Friday, February 12th. Finally, Roth Capital assumed coverage on shares of Vista Outdoor in a research report on Wednesday, January 6th. They set a “buy” rating on the stock. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $35.56.
About Vista Outdoor
Vista Outdoor Inc designs, manufactures, and markets various consumer products in the outdoor sports and recreation markets in the United States and internationally. It has a portfolio of brands that provides consumers with a range of products for individual outdoor recreational pursuits. The company operates through two segments, Shooting Sports and Outdoor Products.
See Also: What does an outperform rating mean?
Want to see what other hedge funds are holding VSTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vista Outdoor Inc. (NYSE:VSTO).
Receive News & Ratings for Vista Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vista Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.