Putnam Investments LLC cut its position in shares of Vista Outdoor Inc. (NYSE:VSTO – Get Rating) by 72.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,585 shares of the company’s stock after selling 133,160 shares during the quarter. Putnam Investments LLC’s holdings in Vista Outdoor were worth $1,230,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Vista Outdoor by 1.6% during the third quarter. BlackRock Inc. now owns 8,716,751 shares of the company’s stock valued at $211,992,000 after purchasing an additional 140,072 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Vista Outdoor by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,248,966 shares of the company’s stock valued at $79,015,000 after purchasing an additional 85,701 shares in the last quarter. State Street Corp boosted its position in shares of Vista Outdoor by 1.8% during the second quarter. State Street Corp now owns 1,808,660 shares of the company’s stock valued at $50,462,000 after purchasing an additional 32,209 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Vista Outdoor by 78.2% during the third quarter. Pacer Advisors Inc. now owns 643,639 shares of the company’s stock valued at $15,653,000 after purchasing an additional 282,543 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Vista Outdoor by 2.4% during the third quarter. Bank of New York Mellon Corp now owns 623,200 shares of the company’s stock valued at $15,155,000 after purchasing an additional 14,402 shares in the last quarter. 85.56% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. Lake Street Capital dropped their target price on Vista Outdoor from $45.00 to $35.00 in a report on Friday, February 3rd. StockNews.com raised Vista Outdoor from a “hold” rating to a “buy” rating in a report on Thursday, March 2nd. Finally, B. Riley dropped their target price on Vista Outdoor from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Vista Outdoor presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.
Vista Outdoor Trading Down 3.5 %
Vista Outdoor (NYSE:VSTO – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.21. The firm had revenue of $754.80 million for the quarter, compared to the consensus estimate of $753.72 million. Vista Outdoor had a return on equity of 33.27% and a net margin of 12.63%. The company’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.10 earnings per share. Sell-side analysts expect that Vista Outdoor Inc. will post 6.21 earnings per share for the current year.
About Vista Outdoor
Vista Outdoor, Inc engages in the design, manufacture, and marketing of consumer products in the outdoor sports and recreation markets. It operates through the following segments: Shooting Sports and Outdoor Products. The Shooting Sports segment is comprised of ammunition and hunting & shooting accessories product lines.
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