Towerview LLC Purchases New Shares in Vista Outdoor Inc. (NYSE:VSTO)

Towerview LLC purchased a new stake in Vista Outdoor Inc. (NYSE:VSTO) during the 3rd quarter, HoldingsChannel reports. The firm purchased 7,500 shares of the company’s stock, valued at approximately $294,000. Vista Outdoor comprises approximately 0.2% of Towerview LLC’s investment portfolio, making the stock its 21st biggest holding.

Other large investors have also added to or reduced their stakes in the company. ProShare Advisors LLC boosted its holdings in Vista Outdoor by 7.4% in the first quarter. ProShare Advisors LLC now owns 11,658 shares of the company’s stock valued at $382,000 after acquiring an additional 802 shares in the last quarter. Curated Wealth Partners LLC boosted its holdings in Vista Outdoor by 97.0% in the third quarter. Curated Wealth Partners LLC now owns 52,924 shares of the company’s stock valued at $2,074,000 after acquiring an additional 26,054 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Vista Outdoor by 10.3% in the first quarter. Russell Investments Group Ltd. now owns 91,608 shares of the company’s stock valued at $3,003,000 after acquiring an additional 8,521 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Vista Outdoor by 80.3% in the first quarter. BNP Paribas Financial Markets now owns 41,728 shares of the company’s stock valued at $1,368,000 after acquiring an additional 18,585 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Vista Outdoor by 2,197.0% in the second quarter. Marshall Wace LLP now owns 193,610 shares of the company’s stock valued at $7,289,000 after acquiring an additional 185,181 shares in the last quarter. Institutional investors own 90.51% of the company’s stock.

Vista Outdoor Stock Up 0.1 %

Shares of VSTO traded up $0.05 during trading hours on Thursday, hitting $44.18. The company had a trading volume of 31,460 shares, compared to its average volume of 596,605. The firm has a fifty day moving average price of $41.98 and a 200-day moving average price of $38.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 2.90. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -245.17 and a beta of 0.79. Vista Outdoor Inc. has a 52-week low of $25.25 and a 52-week high of $44.48.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The firm had revenue of $665.92 million during the quarter, compared to analyst estimates of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. Vista Outdoor’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. On average, equities research analysts forecast that Vista Outdoor Inc. will post 3.98 EPS for the current fiscal year.

Analysts Set New Price Targets

VSTO has been the subject of several recent research reports. Roth Capital lowered Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. StockNews.com initiated coverage on Vista Outdoor in a research report on Thursday, November 7th. They set a “buy” rating for the company. B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research report on Wednesday, August 7th. Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research report on Thursday, September 19th. Finally, Aegis raised Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $41.20.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.