Vista Outdoor Inc (VSTO) Stake Raised by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC lifted its position in Vista Outdoor Inc (NYSE:VSTO) by 12.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 5,305,969 shares of the company’s stock after purchasing an additional 586,071 shares during the period. Frontier Capital Management Co. LLC owned about 0.09% of Vista Outdoor worth $42,501,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Vista Outdoor by 3.1% in the fourth quarter. BlackRock Inc. now owns 8,311,097 shares of the company’s stock worth $94,331,000 after purchasing an additional 249,541 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Vista Outdoor by 2.3% in the third quarter. Vanguard Group Inc. now owns 5,797,645 shares of the company’s stock worth $103,720,000 after purchasing an additional 130,058 shares during the last quarter. Berkley W R Corp increased its position in shares of Vista Outdoor by 33.3% in the fourth quarter. Berkley W R Corp now owns 2,001,286 shares of the company’s stock worth $22,715,000 after purchasing an additional 500,010 shares during the last quarter. FMR LLC increased its position in shares of Vista Outdoor by 15.0% in the fourth quarter. FMR LLC now owns 1,254,497 shares of the company’s stock worth $14,239,000 after purchasing an additional 163,602 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Vista Outdoor by 24.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,102,889 shares of the company’s stock worth $12,518,000 after purchasing an additional 215,378 shares during the last quarter. 96.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE VSTO opened at $9.08 on Friday. Vista Outdoor Inc has a one year low of $7.78 and a one year high of $19.41. The company has a current ratio of 2.96, a quick ratio of 1.88 and a debt-to-equity ratio of 1.12. The company has a market cap of $522.93 million, a price-to-earnings ratio of 64.86 and a beta of 0.11.

Vista Outdoor (NYSE:VSTO) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.12). Vista Outdoor had a negative net margin of 31.50% and a positive return on equity of 0.89%. The business had revenue of $515.34 million for the quarter, compared to the consensus estimate of $503.17 million. During the same quarter in the previous year, the business earned ($0.22) earnings per share. The firm’s revenue was down 9.8% on a year-over-year basis. As a group, sell-side analysts predict that Vista Outdoor Inc will post 0.3 EPS for the current fiscal year.

Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of Vista Outdoor from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research cut shares of Vista Outdoor from a “hold” rating to a “strong sell” rating in a research report on Thursday. B. Riley set a $13.00 price target on shares of Vista Outdoor and gave the company a “buy” rating in a research report on Thursday, May 2nd. Monness Crespi & Hardt upgraded shares of Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday, May 10th. Finally, Cowen reiterated a “hold” rating and set a $12.00 price target on shares of Vista Outdoor in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.60.

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About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.

See Also: Market Capitalization and Individual Investors

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

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