Larson Financial Group LLC Has $3.42 Million Position in Vista Outdoor Inc. (NYSE:VSTO)

Larson Financial Group LLC boosted its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 11.7% in the third quarter, HoldingsChannel reports. The firm owned 87,233 shares of the company’s stock after purchasing an additional 9,162 shares during the quarter. Larson Financial Group LLC’s holdings in Vista Outdoor were worth $3,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in Vista Outdoor by 21.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,081 shares of the company’s stock worth $658,000 after acquiring an additional 3,580 shares during the period. Vanguard Group Inc. raised its stake in Vista Outdoor by 1.1% in the first quarter. Vanguard Group Inc. now owns 4,982,471 shares of the company’s stock valued at $163,325,000 after purchasing an additional 54,189 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Vista Outdoor by 4.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 49,885 shares of the company’s stock worth $1,635,000 after purchasing an additional 2,317 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Vista Outdoor by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,387 shares of the company’s stock worth $734,000 after buying an additional 2,084 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in Vista Outdoor in the 1st quarter valued at about $246,000. 90.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VSTO shares. B. Riley downgraded shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Wednesday, August 7th. Roth Capital cut Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Aegis downgraded Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 15th. Roth Mkm cut Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Thursday, September 19th. Finally, Monness Crespi & Hardt downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $41.20.

Vista Outdoor Trading Up 0.4 %

Shares of VSTO stock opened at $44.42 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. Vista Outdoor Inc. has a 52 week low of $26.05 and a 52 week high of $44.48. The firm has a 50 day moving average of $42.71 and a 200-day moving average of $39.10.

Vista Outdoor (NYSE:VSTO) last issued its earnings results on Wednesday, November 6th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.92 by $0.11. The company had revenue of $665.92 million during the quarter, compared to the consensus estimate of $666.72 million. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. Sell-side analysts predict that Vista Outdoor Inc. will post 4 earnings per share for the current 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.