Thrivent Financial for Lutherans Sells 406 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Thrivent Financial for Lutherans trimmed its position in Vista Outdoor Inc. (NYSE:VSTO – Get Rating) by 0.7% during the 4th quarter, HoldingsChannel reports. The firm owned 58,030 shares of the company’s stock after selling 406 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Vista Outdoor were worth $1,414,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VSTO. Cambridge Investment Research Advisors Inc. increased its stake in Vista Outdoor by 76.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,825 shares of the company’s stock worth $1,100,000 after acquiring an additional 13,341 shares during the last quarter. Cetera Advisor Networks LLC bought a new stake in Vista Outdoor during the first quarter worth approximately $398,000. Private Advisor Group LLC bought a new stake in Vista Outdoor during the first quarter worth approximately $253,000. Citigroup Inc. increased its stake in Vista Outdoor by 8.5% during the first quarter. Citigroup Inc. now owns 52,150 shares of the company’s stock worth $1,861,000 after acquiring an additional 4,087 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in Vista Outdoor by 56.3% during the first quarter. MetLife Investment Management LLC now owns 31,266 shares of the company’s stock worth $1,116,000 after acquiring an additional 11,257 shares during the last quarter. 85.56% of the stock is owned by institutional investors.

Vista Outdoor Trading Down 0.3 %

VSTO opened at $28.31 on Monday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -104.85 and a beta of 0.94. The stock’s 50 day moving average price is $26.55 and its 200-day moving average price is $26.75. Vista Outdoor Inc. has a one year low of $22.97 and a one year high of $39.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 2.64.

Vista Outdoor (NYSE:VSTO – Get Rating) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.18. The firm had revenue of $740.74 million during the quarter, compared to analyst estimates of $731.36 million. Vista Outdoor had a positive return on equity of 28.86% and a negative net margin of 0.32%. Vista Outdoor’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.04 earnings per share. On average, equities analysts forecast that Vista Outdoor Inc. will post 4.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com assumed coverage on Vista Outdoor in a research note on Thursday. They set a “hold” rating on the stock. B. Riley reduced their price objective on Vista Outdoor from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Lake Street Capital upped their target price on Vista Outdoor from $35.00 to $38.00 in a research note on Friday, May 5th. Finally, TheStreet cut Vista Outdoor from a “b-” rating to a “c” rating in a research note on Thursday, May 4th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $37.60.

Insider Activity at Vista Outdoor

In related news, insider Jason R. Vanderbrink sold 26,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $28.11, for a total value of $744,915.00. Following the completion of the sale, the insider now owns 78,358 shares in the company, valued at $2,202,643.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 28,035 shares of company stock worth $784,917. Company insiders own 2.17% of the company’s stock.

Vista Outdoor Profile

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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.