Olympiad Research LP Buys 6,252 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Olympiad Research LP raised its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 31.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 26,413 shares of the company’s stock after acquiring an additional 6,252 shares during the quarter. Vista Outdoor accounts for 0.7% of Olympiad Research LP’s holdings, making the stock its 26th largest position. Olympiad Research LP’s holdings in Vista Outdoor were worth $1,035,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VSTO. American Century Companies Inc. raised its holdings in Vista Outdoor by 19.2% in the 2nd quarter. American Century Companies Inc. now owns 1,352,785 shares of the company’s stock valued at $50,932,000 after acquiring an additional 218,018 shares in the last quarter. Marshall Wace LLP raised its stake in shares of 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 purchasing an additional 185,181 shares in the last quarter. Slotnik Capital LLC acquired a new stake in Vista Outdoor during the second quarter worth $3,012,000. Renaissance Technologies LLC acquired a new position in shares of Vista Outdoor in the 2nd quarter valued at $2,948,000. Finally, Larson Financial Group LLC raised its stake in shares of Vista Outdoor by 177,334.1% in the 2nd quarter. Larson Financial Group LLC now owns 78,071 shares of the company’s stock valued at $2,939,000 after buying an additional 78,027 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.

Vista Outdoor Stock Up 0.2 %

Shares of VSTO opened at $44.21 on Thursday. The business’s 50 day simple moving average is $41.52 and its 200-day simple moving average is $38.33. Vista Outdoor Inc. has a one year low of $24.30 and a one year high of $44.48. The company has a market capitalization of $2.58 billion, a P/E ratio of -340.08 and a beta of 0.79. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19.

Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The company had revenue of $644.18 million for the quarter, compared to analyst estimates of $664.05 million. During the same quarter in the previous year, the firm earned $1.12 earnings per share. The business’s revenue was down 7.1% on a year-over-year basis. As a group, sell-side analysts predict that Vista Outdoor Inc. will post 3.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VSTO. Lake Street Capital lifted their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, July 15th. Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research note on Thursday, September 19th. Roth Capital downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. StockNews.com began coverage on Vista Outdoor in a research report on Thursday. They issued a “buy” rating on the stock. Finally, B. Riley cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.20.

Vista Outdoor 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.