World Equity Group Inc. Purchases New Position in Vista Outdoor Inc. (NYSE:VSTO)

World Equity Group Inc. acquired a new position in shares of Vista Outdoor Inc. (NYSE:VSTO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,256 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors have also modified their holdings of the stock. Blue Trust Inc. acquired a new position in Vista Outdoor in the second quarter valued at $36,000. Sound Income Strategies LLC purchased a new position in shares of Vista Outdoor in the 3rd quarter valued at approximately $41,000. Innealta Capital LLC purchased a new stake in shares of Vista Outdoor during the second quarter worth approximately $76,000. Headlands Technologies LLC acquired a new position in Vista Outdoor in the 2nd quarter valued at $91,000. Finally, Priebe Wealth Holdings LLC purchased a new position in Vista Outdoor during the 3rd quarter worth $204,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Lake Street Capital upped their target price on Vista Outdoor from $37.00 to $40.00 and gave the company a “hold” rating in a report on Monday, July 15th. B. Riley lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research note on Wednesday, August 7th. Aegis raised shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Monness Crespi & Hardt lowered Vista Outdoor from a “buy” rating to a “neutral” rating in a research report on Monday, October 7th. Finally, Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.20.

Vista Outdoor Price Performance

Shares of NYSE VSTO opened at $43.89 on Tuesday. 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 firm has a 50-day moving average of $41.23 and a two-hundred day moving average of $38.13. Vista Outdoor Inc. has a twelve month low of $24.30 and a twelve month high of $44.40.

Vista Outdoor (NYSE:VSTO) last announced its earnings results on Monday, August 5th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.04. The company 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%. The company’s revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 EPS. As a group, research analysts expect that Vista Outdoor Inc. will post 3.98 EPS for the current fiscal year.

Vista Outdoor 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.