Victory Capital Management Inc. Buys 32,991 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Victory Capital Management Inc. boosted its position in shares of Vista Outdoor Inc. (NYSE:VSTO - Free Report) by 67.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,884 shares of the company's stock after purchasing an additional 32,991 shares during the period. Victory Capital Management Inc. owned 0.14% of Vista Outdoor worth $3,208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. acquired a new stake in shares of Vista Outdoor in the second quarter worth about $36,000. Sound Income Strategies LLC acquired a new stake in Vista Outdoor in the 3rd quarter worth approximately $41,000. Innealta Capital LLC bought a new stake in Vista Outdoor during the second quarter worth approximately $76,000. Headlands Technologies LLC bought a new stake in Vista Outdoor during the second quarter worth approximately $91,000. Finally, Priebe Wealth Holdings LLC acquired a new position in Vista Outdoor during the third quarter valued at approximately $204,000. Hedge funds and other institutional investors own 90.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several 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 report on Monday, October 7th. StockNews.com began coverage on Vista Outdoor in a research note on Saturday. They issued a "buy" rating on the stock. Aegis downgraded Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 15th. B. Riley downgraded Vista Outdoor from a "buy" rating to a "neutral" rating and set a $43.00 price target on the stock. in a research report on Wednesday, August 7th. Finally, Roth Capital cut Vista Outdoor from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $41.20.

Vista Outdoor Price Performance

Shares of Vista Outdoor stock traded up $0.17 during trading on Friday, hitting $44.42. 445,403 shares of the company's stock traded hands, compared to its average volume of 706,735. Vista Outdoor Inc. has a twelve month low of $26.05 and a twelve month high of $44.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 1.26. The company has a market cap of $2.60 billion, a PE ratio of -246.78 and a beta of 0.79. The firm's fifty day moving average price is $42.71 and its 200 day moving average price is $39.12.

Vista Outdoor (NYSE:VSTO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.11. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The firm had revenue of $665.92 million for the quarter, compared to analysts' expectations of $666.72 million. During the same period in the prior year, the business posted $0.96 earnings per share. The business's revenue was down 1.6% compared to the same quarter last year. Analysts forecast that Vista Outdoor Inc. will post 4 earnings per share for the current year.

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.