Illinois Municipal Retirement Fund Raises Position in Vista Outdoor Inc. (NYSE:VSTO)

Illinois Municipal Retirement Fund raised its holdings in Vista Outdoor Inc. (NYSE:VSTO) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,905 shares of the company’s stock after acquiring an additional 770 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Vista Outdoor were worth $1,032,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VSTO. Fifth Third Bancorp boosted its position in Vista Outdoor by 208.6% in the 3rd quarter. Fifth Third Bancorp now owns 969 shares of the company’s stock valued at $32,000 after buying an additional 655 shares during the period. CWM LLC lifted its position in shares of Vista Outdoor by 68.4% during the 3rd quarter. CWM LLC now owns 997 shares of the company’s stock worth $33,000 after purchasing an additional 405 shares during the last quarter. Ancora Advisors LLC lifted its position in shares of Vista Outdoor by 162.5% during the 3rd quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock worth $52,000 after purchasing an additional 975 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Vista Outdoor during the 3rd quarter worth $78,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Vista Outdoor during the 3rd quarter worth $219,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Vista Outdoor Stock Up 0.8 %

Shares of VSTO opened at $34.97 on Monday. Vista Outdoor Inc. has a 1-year low of $23.33 and a 1-year high of $35.09. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.58 and a quick ratio of 1.09. The firm has a fifty day moving average price of $32.33 and a 200 day moving average price of $29.39.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.04). Vista Outdoor had a negative net margin of 12.17% and a positive return on equity of 20.00%. The company had revenue of $682.25 million during the quarter, compared to analysts’ expectations of $687.85 million. Research analysts anticipate that Vista Outdoor Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

VSTO has been the subject of several recent analyst reports. Roth Mkm raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $31.00 to $38.00 in a research report on Thursday, April 4th. Monness Crespi & Hardt lifted their price objective on shares of Vista Outdoor from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Roth Capital raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, StockNews.com initiated coverage on shares of Vista Outdoor in a research report on Monday. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $34.67.

Vista Outdoor Company Profile

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.