Walthausen & Co. LLC lessened its holdings in shares of Vista Outdoor Inc (NYSE:VSTO) by 45.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 484,763 shares of the company’s stock after selling 398,090 shares during the period. Walthausen & Co. LLC’s holdings in Vista Outdoor were worth $3,626,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC boosted its holdings in shares of Vista Outdoor by 372.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 158,885 shares of the company’s stock valued at $1,188,000 after buying an additional 125,273 shares in the last quarter. Jane Street Group LLC bought a new position in Vista Outdoor during the 4th quarter valued at about $177,000. Schonfeld Strategic Advisors LLC bought a new position in Vista Outdoor during the 4th quarter valued at about $327,000. Ellington Management Group LLC bought a new position in Vista Outdoor during the 4th quarter valued at about $310,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Vista Outdoor by 38.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,278,293 shares of the company’s stock valued at $9,562,000 after acquiring an additional 354,178 shares during the period. Hedge funds and other institutional investors own 94.10% of the company’s stock.
VSTO has been the topic of several research analyst reports. ValuEngine cut shares of Vista Outdoor from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Zacks Investment Research cut shares of Vista Outdoor from a “buy” rating to a “hold” rating in a research note on Saturday, February 8th. B. Riley restated a “buy” rating and set a $12.00 target price on shares of Vista Outdoor in a research note on Wednesday, January 22nd. Finally, Lake Street Capital restated a “buy” rating and set a $12.00 target price (up previously from $10.00) on shares of Vista Outdoor in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $9.88.
Shares of NYSE VSTO traded up $0.23 during midday trading on Thursday, hitting $7.56. 712,459 shares of the company’s stock traded hands, compared to its average volume of 732,378. Vista Outdoor Inc has a 1 year low of $4.29 and a 1 year high of $10.42. The stock has a market capitalization of $428.89 million, a price-to-earnings ratio of -6.94 and a beta of 0.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.52 and a current ratio of 2.90. The firm has a fifty day moving average of $7.82 and a 200 day moving average of $7.38.
Vista Outdoor (NYSE:VSTO) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.08. Vista Outdoor had a negative net margin of 3.39% and a positive return on equity of 1.34%. The firm had revenue of $424.77 million during the quarter, compared to analyst estimates of $419.47 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. On average, equities analysts anticipate that Vista Outdoor Inc will post 0.2 earnings per share for the current year.
Vista Outdoor Company Profile
Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.
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