Magnus Financial Group LLC Invests $103,000 in Vista Outdoor Inc (NYSE:VSTO)
Magnus Financial Group LLC bought a new position in Vista Outdoor Inc (NYSE:VSTO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,632 shares of the company’s stock, valued at approximately $103,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Vista Outdoor by 112.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 13,229 shares of the company’s stock valued at $106,000 after buying an additional 6,991 shares during the period. Aperio Group LLC acquired a new position in shares of Vista Outdoor in the 2nd quarter valued at about $167,000. Crossmark Global Holdings Inc. boosted its holdings in shares of Vista Outdoor by 4.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 29,970 shares of the company’s stock valued at $266,000 after buying an additional 1,224 shares during the period. First Mercantile Trust Co. boosted its holdings in shares of Vista Outdoor by 24.9% in the 1st quarter. First Mercantile Trust Co. now owns 38,829 shares of the company’s stock valued at $311,000 after buying an additional 7,752 shares during the period. Finally, Texas Permanent School Fund boosted its holdings in shares of Vista Outdoor by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 39,103 shares of the company’s stock valued at $313,000 after buying an additional 1,425 shares during the period. 93.69% of the stock is owned by institutional investors.
Several research analysts have recently commented on VSTO shares. Cowen set a $5.00 price target on shares of Vista Outdoor and gave the company a “hold” rating in a report on Monday, August 12th. B. Riley set a $13.00 price target on shares of Vista Outdoor and gave the company a “buy” rating in a report on Monday, July 8th. Lake Street Capital started coverage on shares of Vista Outdoor in a report on Tuesday, July 9th. They issued a “buy” rating and a $11.00 price target for the company. ValuEngine raised shares of Vista Outdoor from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Monness Crespi & Hardt raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.60.
Vista Outdoor stock traded down $0.04 during midday trading on Wednesday, reaching $4.87. 25,781 shares of the stock traded hands, compared to its average volume of 834,824. The company has a current ratio of 2.96, a quick ratio of 1.82 and a debt-to-equity ratio of 1.37. The firm has a fifty day moving average price of $7.11 and a two-hundred day moving average price of $8.32. The firm has a market cap of $262.20 million, a price-to-earnings ratio of 34.46 and a beta of 0.35. Vista Outdoor Inc has a fifty-two week low of $4.30 and a fifty-two week high of $18.79.
Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). The firm had revenue of $459.77 million for the quarter, compared to analyst estimates of $471.41 million. Vista Outdoor had a negative net margin of 30.80% and a positive return on equity of 0.48%. Vista Outdoor’s revenue for the quarter was down 13.1% on a year-over-year basis. Analysts anticipate that Vista Outdoor Inc will post 0.17 earnings per share for the current year.
Vista Outdoor 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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