Empowered Funds LLC Has $10.44 Million Stock Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Empowered Funds LLC grew its stake in Vista Outdoor Inc. (NYSE:VSTO - Free Report) by 5.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 266,421 shares of the company's stock after buying an additional 13,534 shares during the period. Empowered Funds LLC owned approximately 0.46% of Vista Outdoor worth $10,438,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VSTO. Blue Trust Inc. bought a new position in Vista Outdoor in the 2nd quarter worth $36,000. Sound Income Strategies LLC acquired a new position in shares of Vista Outdoor during the 3rd quarter worth about $41,000. Innealta Capital LLC acquired a new position in shares of Vista Outdoor during the 2nd quarter worth about $76,000. Headlands Technologies LLC bought a new stake in Vista Outdoor during the 2nd quarter valued at approximately $91,000. Finally, Priebe Wealth Holdings LLC acquired a new stake in Vista Outdoor in the 3rd quarter valued at approximately $204,000. Institutional investors own 90.51% of the company's stock.

Vista Outdoor Price Performance

Vista Outdoor stock remained flat at $44.11 on Friday. 759,739 shares of the company's stock traded hands, compared to its average volume of 751,225. Vista Outdoor Inc. has a 12-month low of $25.25 and a 12-month high of $44.48. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -245.06 and a beta of 0.79. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a 50 day simple moving average of $42.20 and a two-hundred day simple moving average of $38.79.

Vista Outdoor (NYSE:VSTO - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The firm had revenue of $665.92 million during the quarter, compared to analyst estimates of $666.72 million. Vista Outdoor had a negative net margin of 0.34% and a positive return on equity of 19.53%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 earnings per share. Analysts anticipate that Vista Outdoor Inc. will post 3.98 EPS for the current year.

Wall Street Analyst Weigh In

VSTO has been the subject of several research reports. Monness Crespi & Hardt cut Vista Outdoor from a "buy" rating to a "neutral" rating in a research report on Monday, October 7th. B. Riley downgraded shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 price target for the company. in a report on Wednesday, August 7th. StockNews.com initiated coverage on shares of Vista Outdoor in a research report on Friday. They issued a "buy" rating on the stock. Roth Mkm lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $42.00 price objective for the company. in a research report on Thursday, September 19th. Finally, Roth Capital downgraded Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $41.20.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.