Empowered Funds LLC Raises Position in Vista Outdoor Inc. (NYSE:VSTO)

Empowered Funds LLC raised its position in shares of Vista Outdoor Inc. (NYSE:VSTO) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 266,421 shares of the company’s stock after buying an additional 13,534 shares during the quarter. Empowered Funds LLC’s holdings in Vista Outdoor were worth $10,438,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Blue Trust Inc. purchased a new stake in Vista Outdoor during the 2nd quarter valued at $36,000. Sound Income Strategies LLC bought a new stake in Vista Outdoor in the 3rd quarter worth about $41,000. Innealta Capital LLC purchased a new position in Vista Outdoor in the 2nd quarter worth about $76,000. Headlands Technologies LLC bought a new position in Vista Outdoor during the 2nd quarter valued at about $91,000. Finally, Priebe Wealth Holdings LLC purchased a new stake in shares of Vista Outdoor during the 3rd quarter valued at about $204,000. Institutional investors own 90.51% of the company’s stock.

Wall Street Analyst Weigh In

VSTO has been the subject of a number of research reports. StockNews.com began coverage on Vista Outdoor in a research report on Friday. They set a “buy” rating for the company. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 19th. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. B. Riley downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research report on Wednesday, August 7th. Finally, Monness Crespi & Hardt downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Stock Up 0.0 %

VSTO opened at $44.13 on Friday. Vista Outdoor Inc. has a fifty-two week low of $25.25 and a fifty-two week high of $44.48. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $42.20 and a 200 day moving average of $38.76.

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

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.