Clinton Group Inc. bought a new position in Vista Outdoor Inc. (NYSE:VSTO) during the first quarter, Holdings Channel reports. The firm bought 10,102 shares of the company’s stock, valued at approximately $208,000.
Several other institutional investors have also recently modified their holdings of VSTO. State Board of Administration of Florida Retirement System raised its position in shares of Vista Outdoor by 0.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 103,101 shares of the company’s stock worth $3,804,000 after buying an additional 500 shares during the last quarter. Comerica Bank raised its position in shares of Vista Outdoor by 157.5% in the fourth quarter. Comerica Bank now owns 109,859 shares of the company’s stock worth $3,153,000 after buying an additional 67,188 shares during the last quarter. Oxford Asset Management purchased a new position in shares of Vista Outdoor during the fourth quarter worth $1,395,000. Dimensional Fund Advisors LP raised its position in shares of Vista Outdoor by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,448,586 shares of the company’s stock worth $90,353,000 after buying an additional 52,296 shares during the last quarter. Finally, Elkfork Partners LLC purchased a new position in shares of Vista Outdoor during the fourth quarter worth $112,000. 96.45% of the stock is currently owned by institutional investors.
Shares of Vista Outdoor Inc. (VSTO) opened at 23.76 on Friday. The stock’s market capitalization is $1.35 billion. The company has a 50-day moving average price of $21.62 and a 200-day moving average price of $25.51. Vista Outdoor Inc. has a 52-week low of $18.32 and a 52-week high of $52.08.
Vista Outdoor (NYSE:VSTO) last released its earnings results on Thursday, May 11th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.15. Vista Outdoor had a positive return on equity of 7.62% and a negative net margin of 10.78%. The company had revenue of $578.80 million during the quarter, compared to the consensus estimate of $565.19 million. During the same period last year, the firm posted $0.63 earnings per share. The company’s revenue was down 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Vista Outdoor Inc. will post $1.23 earnings per share for the current year.
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A number of research firms recently commented on VSTO. DA Davidson raised Vista Outdoor from a “neutral” rating to a “buy” rating and increased their price target for the company from $23.00 to $29.00 in a research report on Thursday, June 8th. Forward View reissued a “hold” rating on shares of Vista Outdoor in a research report on Thursday, May 18th. Cowen and Company reissued a “market perform” rating and issued a $26.00 price target (up from $18.00) on shares of Vista Outdoor in a research report on Wednesday, May 17th. Roth Capital set a $20.00 price target on Vista Outdoor and gave the company a “hold” rating in a research report on Saturday, May 13th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $28.00 price target on shares of Vista Outdoor in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $31.14.
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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