Selway Asset Management Cuts Stock Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Selway Asset Management cut its holdings in Vista Outdoor Inc. (NYSE:VSTOFree Report) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,614 shares of the company’s stock after selling 1,150 shares during the period. Selway Asset Management owned 0.09% of Vista Outdoor worth $1,757,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. UBS Group AG lifted its holdings in Vista Outdoor by 10.7% in the third quarter. UBS Group AG now owns 184,789 shares of the company’s stock valued at $6,120,000 after acquiring an additional 17,906 shares during the last quarter. Gabelli Funds LLC lifted its stake in Vista Outdoor by 445.4% during the fourth quarter. Gabelli Funds LLC now owns 107,981 shares of the company’s stock worth $3,193,000 after purchasing an additional 88,181 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in Vista Outdoor by 19.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 469,223 shares of the company’s stock worth $13,875,000 after purchasing an additional 76,353 shares in the last quarter. US Bancorp DE lifted its stake in Vista Outdoor by 23.2% during the fourth quarter. US Bancorp DE now owns 71,061 shares of the company’s stock worth $2,101,000 after purchasing an additional 13,373 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Vista Outdoor by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 796,904 shares of the company’s stock worth $26,393,000 after purchasing an additional 54,915 shares in the last quarter. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VSTO. Roth Capital upgraded Vista Outdoor from a “neutral” rating to a “buy” rating in a research note on Thursday, April 4th. Lake Street Capital cut Vista Outdoor from a “buy” rating to a “hold” rating and upped their price target for the stock from $33.00 to $37.00 in a research note on Friday, May 10th. StockNews.com started coverage on Vista Outdoor in a research note on Sunday, June 16th. They set a “buy” rating on the stock. Monness Crespi & Hardt upped their price objective on Vista Outdoor from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Roth Mkm upped their price objective on Vista Outdoor from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.33.

Read Our Latest Analysis on VSTO

Vista Outdoor Stock Up 1.1 %

Shares of Vista Outdoor stock traded up $0.36 during trading hours on Friday, reaching $34.10. 3,171,003 shares of the company were exchanged, compared to its average volume of 515,139. Vista Outdoor Inc. has a 1 year low of $23.33 and a 1 year high of $37.05. The stock’s fifty day moving average is $34.64 and its 200 day moving average is $31.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 2.79. The firm has a market cap of $1.99 billion, a PE ratio of -306.91 and a beta of 0.88.

Vista Outdoor (NYSE:VSTOGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.99 by $0.03. The firm had revenue of $693.67 million for the quarter, compared to analyst estimates of $701.43 million. Vista Outdoor had a positive return on equity of 19.75% and a negative net margin of 0.20%. Vista Outdoor’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 earnings per share. As a group, equities research analysts forecast that Vista Outdoor Inc. will post 3.99 earnings per share for the current year.

About Vista Outdoor

(Free Report)

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.

Featured Stories

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

Receive News & Ratings for Vista Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vista Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.