BNP Paribas Financial Markets Sells 10,285 Shares of Vista Outdoor Inc. (NYSE:VSTO)

BNP Paribas Financial Markets lessened its position in Vista Outdoor Inc. (NYSE:VSTOFree Report) by 30.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,143 shares of the company’s stock after selling 10,285 shares during the period. BNP Paribas Financial Markets’ holdings in Vista Outdoor were worth $684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of VSTO. NBC Securities Inc. bought a new position in shares of Vista Outdoor in the 3rd quarter valued at about $78,000. Victory Capital Management Inc. boosted its holdings in shares of Vista Outdoor by 14.9% during the 3rd quarter. Victory Capital Management Inc. now owns 77,919 shares of the company’s stock worth $2,581,000 after buying an additional 10,107 shares during the period. Arizona State Retirement System boosted its holdings in shares of Vista Outdoor by 3.9% during the 3rd quarter. Arizona State Retirement System now owns 16,510 shares of the company’s stock worth $547,000 after buying an additional 617 shares during the period. Barclays PLC boosted its holdings in shares of Vista Outdoor by 50.8% during the 3rd quarter. Barclays PLC now owns 496,300 shares of the company’s stock worth $16,438,000 after buying an additional 167,080 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Vista Outdoor by 43.2% during the 3rd quarter. New York State Common Retirement Fund now owns 68,059 shares of the company’s stock worth $2,254,000 after buying an additional 20,544 shares during the period. Institutional investors own 90.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on VSTO shares. Lake Street Capital downgraded shares of Vista Outdoor from a “buy” rating to a “hold” rating and lifted their target price for the stock from $33.00 to $37.00 in a report on Friday, May 10th. Roth Mkm raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $38.00 in a report on Thursday, April 4th. StockNews.com assumed coverage on shares of Vista Outdoor in a report on Friday. They issued a “buy” rating for the company. Monness Crespi & Hardt boosted their price objective on shares of Vista Outdoor from $37.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Roth Capital raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.67.

Check Out Our Latest Research Report on VSTO

Vista Outdoor Price Performance

Shares of NYSE:VSTO opened at $34.90 on Friday. The firm has a 50 day moving average of $34.05 and a 200-day moving average of $30.94. The stock has a market capitalization of $2.03 billion, a PE ratio of -317.27 and a beta of 0.93. The company has a current ratio of 2.79, a quick ratio of 1.21 and a debt-to-equity ratio of 0.64. Vista Outdoor Inc. has a 12 month low of $23.33 and a 12 month high of $36.37.

Vista Outdoor (NYSE:VSTOGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.99 by $0.03. The company had revenue of $693.67 million during the quarter, compared to analysts’ expectations of $701.43 million. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 EPS. On average, equities research analysts predict that Vista Outdoor Inc. will post 3.99 EPS for the current fiscal year.

Vista Outdoor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vista Outdoor (NYSE:VSTO)

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