1,036 Shares in Vista Outdoor Inc. (NYSE:VSTO) Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC purchased a new stake in shares of Vista Outdoor Inc. (NYSE:VSTO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,036 shares of the company’s stock, valued at approximately $41,000.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Lake Street Capital upped their target price 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. Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a research report on Thursday, September 19th. StockNews.com started coverage on shares of Vista Outdoor in a research report on Monday. They set a “buy” rating on the stock. Aegis upgraded Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Finally, B. Riley cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $41.20.

Vista Outdoor Trading Down 0.0 %

Shares of NYSE VSTO opened at $44.26 on Tuesday. Vista Outdoor Inc. has a twelve month low of $23.33 and a twelve month high of $44.40. The firm has a market cap of $2.59 billion, a PE ratio of -340.46 and a beta of 0.81. The business has a fifty day simple moving average of $39.77 and a two-hundred day simple moving average of $37.03. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The firm had revenue of $644.18 million for the quarter, compared to analyst estimates of $664.05 million. During the same quarter last year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. Analysts expect that Vista Outdoor Inc. will post 3.98 earnings per share for the current fiscal 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.