First Trust Advisors LP Purchases Shares of 141,445 Vista Outdoor Inc. (NYSE:VSTO)

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 stock opened at $34.77 on Tuesday. The firm has a 50 day moving average price of $30.53 and a 200-day moving average price of $23.26. The company has a quick ratio of 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.91. Vista Outdoor Inc. has a twelve month low of $4.29 and a twelve month high of $38.36. The company has a market capitalization of $2.03 billion, a P/E ratio of -20.33 and a beta of 0.40.

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.

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Institutional Ownership by Quarter for Vista Outdoor (NYSE:VSTO)

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