Louisiana State Employees Retirement System Buys Shares of 29,100 Vista Outdoor Inc. (NYSE:VSTO)

Louisiana State Employees Retirement System bought a new stake in shares of Vista Outdoor Inc. (NYSE:VSTO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 29,100 shares of the company’s stock, valued at approximately $860,000. Louisiana State Employees Retirement System owned 0.05% of Vista Outdoor as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in Vista Outdoor by 208.6% during the 3rd quarter. Fifth Third Bancorp now owns 969 shares of the company’s stock valued at $32,000 after purchasing an additional 655 shares during the period. CWM LLC increased its stake in shares of Vista Outdoor by 68.4% in the third quarter. CWM LLC now owns 997 shares of the company’s stock worth $33,000 after acquiring an additional 405 shares during the last quarter. Ancora Advisors LLC increased its stake in shares of Vista Outdoor by 162.5% in the third quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock worth $52,000 after acquiring an additional 975 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Vista Outdoor in the third quarter worth $78,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Vista Outdoor in the third quarter worth $219,000. 90.51% of the stock is owned by institutional investors and hedge funds.

Vista Outdoor Stock Up 0.8 %

VSTO stock opened at $34.97 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.58 and a quick ratio of 1.09. The company has a 50-day moving average of $32.23 and a two-hundred day moving average of $29.40. Vista Outdoor Inc. has a 52-week low of $23.33 and a 52-week high of $35.09. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of -5.85 and a beta of 0.96.

Vista Outdoor (NYSE:VSTO) last released its earnings results on Wednesday, January 31st. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.04). Vista Outdoor had a negative net margin of 12.17% and a positive return on equity of 20.00%. The company had revenue of $682.25 million during the quarter, compared to the consensus estimate of $687.85 million. As a group, equities research analysts anticipate that Vista Outdoor Inc. will post 3.87 EPS for the current year.

Analyst Upgrades and Downgrades

VSTO has been the topic of a number of research reports. Monness Crespi & Hardt upped their price target on shares of Vista Outdoor from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. StockNews.com initiated coverage on shares of Vista Outdoor in a research note on Sunday, April 21st. They issued a “buy” rating on the stock. Roth Capital raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating in a research note on Thursday, April 4th. Finally, Roth Mkm raised shares of Vista Outdoor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $31.00 to $38.00 in a research note on Thursday, April 4th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $34.67.

Vista Outdoor Company Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.