Christopher T. Metz Sells 100,000 Shares of Vista Outdoor Inc. (NYSE:VSTO) Stock

Vista Outdoor Inc. (NYSE:VSTO – Get Rating) CEO Christopher T. Metz sold 100,000 shares of Vista Outdoor stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $37.65, for a total value of $3,765,000.00. Following the completion of the transaction, the chief executive officer now owns 266,461 shares of the company’s stock, valued at approximately $10,032,256.65. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

VSTO traded up $0.58 during trading on Friday, hitting $38.85. 602,670 shares of the stock were exchanged, compared to its average volume of 891,235. The firm has a market capitalization of $2.19 billion, a P/E ratio of 4.86 and a beta of 0.54. Vista Outdoor Inc. has a 1-year low of $31.83 and a 1-year high of $52.69. The stock has a fifty day moving average price of $36.94 and a two-hundred day moving average price of $39.38. The company has a quick ratio of 1.19, a current ratio of 2.82 and a debt-to-equity ratio of 0.59.

Vista Outdoor (NYSE:VSTO – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.80 by $0.24. The company had revenue of $809.00 million for the quarter, compared to analyst estimates of $760.87 million. Vista Outdoor had a return on equity of 50.41% and a net margin of 15.54%. The firm’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 earnings per share. Analysts predict that Vista Outdoor Inc. will post 7.37 EPS for the current year.

VSTO has been the subject of several recent research reports. Monness Crespi & Hardt reiterated a “buy” rating and issued a $65.00 price objective on shares of Vista Outdoor in a research note on Friday, March 18th. Roth Capital cut their target price on Vista Outdoor from $61.00 to $57.00 in a research report on Friday, February 4th. Zacks Investment Research raised Vista Outdoor from a “sell” rating to a “hold” rating and set a $44.00 target price on the stock in a research report on Friday, May 6th. Finally, StockNews.com assumed coverage on Vista Outdoor in a research report on Thursday, March 31st. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $59.25.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Richwood Investment Advisors LLC acquired a new position in shares of Vista Outdoor in the fourth quarter valued at approximately $28,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Vista Outdoor in the third quarter valued at approximately $27,000. Huntington National Bank increased its holdings in shares of Vista Outdoor by 56.3% in the fourth quarter. Huntington National Bank now owns 833 shares of the company’s stock valued at $38,000 after purchasing an additional 300 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Vista Outdoor by 78.3% in the third quarter. Macquarie Group Ltd. now owns 888 shares of the company’s stock valued at $36,000 after purchasing an additional 390 shares during the period. Finally, Eagle Bay Advisors LLC increased its holdings in shares of Vista Outdoor by 73.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,269 shares of the company’s stock valued at $56,000 after purchasing an additional 537 shares during the period. 82.50% of the stock is currently owned by institutional investors.

Vista Outdoor Company Profile (Get Rating)

Vista Outdoor Inc designs, manufactures, and markets consumer products in the outdoor sports and recreation markets in the United States and internationally. The company operates through two segments, Shooting Sports and Outdoor Products. The Shooting Sports segment offers ammunition products, including centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components; and hunting and shooting accessories comprising high-performance hunting arrows, game calls, hunting blinds, game cameras, decoys, reloading equipment, clay targets, premium gun care products, holsters, duty gear, bags, packs, binoculars, riflescopes, and telescopes.

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