Putnam Investments LLC Trims Position in Vista Outdoor Inc. (NYSE:VSTO)

Putnam Investments LLC cut its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO – Get Rating) by 72.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,585 shares of the company’s stock after selling 133,160 shares during the period. Putnam Investments LLC’s holdings in Vista Outdoor were worth $1,230,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CoreCap Advisors LLC purchased a new position in shares of Vista Outdoor during the second quarter valued at approximately $27,000. Banque Cantonale Vaudoise bought a new stake in shares of Vista Outdoor during the third quarter valued at approximately $29,000. JFS Wealth Advisors LLC boosted its position in shares of Vista Outdoor by 7,775.0% during the third quarter. JFS Wealth Advisors LLC now owns 1,260 shares of the company’s stock valued at $31,000 after purchasing an additional 1,244 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Vista Outdoor by 801.1% during the third quarter. Quadrant Capital Group LLC now owns 1,649 shares of the company’s stock valued at $40,000 after purchasing an additional 1,466 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its position in shares of Vista Outdoor by 1,313.0% during the first quarter. Point72 Hong Kong Ltd now owns 2,925 shares of the company’s stock valued at $104,000 after purchasing an additional 2,718 shares in the last quarter. 85.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VSTO has been the topic of several research reports. StockNews.com upgraded Vista Outdoor from a “hold” rating to a “buy” rating in a research report on Thursday, March 2nd. Lake Street Capital dropped their price target on Vista Outdoor from $45.00 to $35.00 in a research report on Friday, February 3rd. Finally, B. Riley dropped their price target on Vista Outdoor from $45.00 to $41.00 and set a “buy” rating on the stock in a research 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 stock opened at $26.95 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 0.99 and a debt-to-equity ratio of 0.76. The business’s fifty day simple moving average is $27.57 and its two-hundred day simple moving average is $26.93. Vista Outdoor Inc. has a 12 month low of $22.97 and a 12 month high of $41.20. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 3.94 and a beta of 0.96.

Vista Outdoor (NYSE:VSTO – Get Rating) last released its earnings results on Thursday, February 2nd. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.09 by $0.21. The business 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 revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.10 earnings per share. As a group, equities analysts predict that Vista Outdoor Inc. will post 6.21 earnings per share for the current fiscal year.

Vista Outdoor Company Profile

(Get Rating)

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.