Creative Planning Has $1.13 Million Position in Vista Outdoor Inc. (NYSE:VSTO)

Creative Planning lifted its stake in Vista Outdoor Inc. (NYSE:VSTO - Free Report) by 203.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,905 shares of the company's stock after buying an additional 19,376 shares during the period. Creative Planning's holdings in Vista Outdoor were worth $1,132,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Arizona State Retirement System grew its position in Vista Outdoor by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 15,464 shares of the company's stock worth $582,000 after purchasing an additional 303 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in shares of Vista Outdoor by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company's stock valued at $307,000 after purchasing an additional 333 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of Vista Outdoor by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 26,072 shares of the company's stock valued at $982,000 after purchasing an additional 443 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Vista Outdoor by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 29,300 shares of the company's stock valued at $1,103,000 after purchasing an additional 500 shares during the period. Finally, Texas Permanent School Fund Corp raised its position in Vista Outdoor by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 50,890 shares of the company's stock worth $1,668,000 after acquiring an additional 725 shares during the last quarter. 90.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on VSTO shares. Monness Crespi & Hardt downgraded shares of Vista Outdoor from a "buy" rating to a "neutral" rating in a research note on Monday, October 7th. Roth Mkm downgraded shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $42.00 price target on the stock. in a research note on Thursday, September 19th. Roth Capital downgraded shares of Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 19th. Lake Street Capital increased their price objective on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a "hold" rating in a research report on Monday, July 15th. Finally, B. Riley lowered shares of Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 price objective for the company. in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Vista Outdoor presently has a consensus rating of "Hold" and a consensus price target of $41.20.

Vista Outdoor Stock Performance

Shares of Vista Outdoor stock traded up $0.03 during trading hours on Friday, reaching $44.00. The company's stock had a trading volume of 609,060 shares, compared to its average volume of 584,394. The company's 50 day simple moving average is $41.23 and its 200 day simple moving average is $38.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.19 and a current ratio of 2.80. Vista Outdoor Inc. has a one year low of $24.30 and a one year high of $44.40. The stock has a market cap of $2.57 billion, a P/E ratio of -338.46 and a beta of 0.81.

Vista Outdoor (NYSE:VSTO - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $644.18 million for the quarter, compared to the consensus estimate of $664.05 million. Vista Outdoor had a negative net margin of 0.24% and a positive return on equity of 19.18%. Vista Outdoor's quarterly revenue was down 7.1% compared to the same quarter last year. During the same period last year, the firm posted $1.12 EPS. As a group, analysts expect that Vista Outdoor Inc. will post 3.98 EPS for the current fiscal year.

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.