Lombard Odier Asset Management USA Corp Buys New Position in Vista Outdoor Inc. (NYSE:VSTO)

Lombard Odier Asset Management USA Corp purchased a new stake in shares of Vista Outdoor Inc. (NYSE:VSTO - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 17,904 shares of the company's stock, valued at approximately $674,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in shares of Vista Outdoor in the second quarter worth about $36,000. Innealta Capital LLC bought a new stake in shares of Vista Outdoor in the 2nd quarter valued at about $76,000. Headlands Technologies LLC purchased a new position in Vista Outdoor in the second quarter worth $91,000. Priebe Wealth Holdings LLC purchased a new position in Vista Outdoor during the 1st quarter worth $203,000. Finally, Purus Wealth Management LLC purchased a new position in shares of Vista Outdoor in the first quarter worth $204,000. 90.51% of the stock is owned by hedge funds and other institutional investors.

Vista Outdoor Trading Down 0.5 %

Vista Outdoor stock traded down $0.20 during trading on Monday, reaching $39.25. 390,111 shares of the company were exchanged, compared to its average volume of 557,780. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.80 and a quick ratio of 1.19. The stock's 50 day simple moving average is $38.99 and its two-hundred day simple moving average is $36.03. The company has a market capitalization of $2.29 billion, a P/E ratio of -358.64 and a beta of 0.81. Vista Outdoor Inc. has a 52-week low of $23.33 and a 52-week high of $41.11.

Vista Outdoor (NYSE:VSTO - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. The firm had revenue of $644.18 million for the quarter, compared to analysts' expectations of $664.05 million. During the same quarter in the previous year, the company posted $1.12 EPS. The company's revenue was down 7.1% compared to the same quarter last year. On average, equities research analysts expect that Vista Outdoor Inc. will post 3.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VSTO. StockNews.com began coverage on Vista Outdoor in a report on Friday. They issued a "buy" rating for the company. Roth Capital cut shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Aegis upgraded Vista Outdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 14th. B. Riley lowered 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. Finally, Lake Street Capital lifted their price objective on Vista Outdoor from $37.00 to $40.00 and gave the stock a "hold" rating in a report on Monday, July 15th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Vista Outdoor presently has a consensus rating of "Moderate Buy" and an average price target of $41.20.

About Vista Outdoor

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.